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🗓️ 11 February 2025
⏱️ 22 minutes
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0:00.0 | This is Brian Lairr's Daily Politics podcast from WNYC Studios. |
0:10.2 | It's Tuesday, February 11th. |
0:15.0 | I'm producer Amina Serna filling in for Brian today. |
0:19.2 | As we've seen in the early days of Donald Trump's presidency, |
0:23.2 | tariffs have become part of his economic plan for the United States. Trump believes tariffs will |
0:28.6 | make America richer by creating jobs, but it's also his main negotiating tactic in terms of foreign |
0:35.0 | policy. While Trump has temporarily suspended the tariffs on Canada and Mexico |
0:39.9 | for those countries to negotiate on trade with the U.S. on border security, new 10% tariffs on |
0:46.6 | Chinese imports began last Tuesday. In addition to those tariffs on Sunday, Trump announced |
0:52.8 | 25% tariffs on all steel and aluminum imports |
0:56.2 | into the U.S. Those tariffs are set to take effect on March 4th. He also announced forthcoming |
1:02.7 | reciprocal tariffs to match other countries' rates. Those would take effect immediately. |
1:08.7 | But given Trump's reverence for tariffs, it's likely that the issue |
1:12.8 | will come up again and maybe again during the next four years. Joining us now to explain |
1:18.7 | all of Trump's tariffs, how they might impact American consumers, and maybe even the global |
1:23.7 | economy, is Monica Gorman, managing director at Crowell Global Advisors, who served |
1:29.2 | as special assistant to the president for manufacturing and industrial policy under former |
1:34.4 | President Joe Biden. Welcome to WMIC, Monica. |
1:38.0 | Thank you so much for having me. It's great to be here. |
1:41.4 | And listeners, while some of the terrorists haven't gone into effect yet, some have, notably |
1:46.6 | the 10% tariff for goods coming from China. |
1:49.8 | So for those of you who have felt this either as consumers or producers, help us report |
... |
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