Are Trump's tariffs starting to impact prices?

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Marketplace

News, Business

4.5 • 1.4K Ratings

🗓️ 16 July 2025

⏱️ 17 minutes

🔗️ Recording | iTunes | RSS

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Summary

According to the latest consumer price index, the reported prices of several items, including apparel and household furnishings, increased in June, suggesting some preliminary effects of the Trump administration’s tariff policies. We discuss President Donald Trump’s response calling for the Federal Reserve to lower interest rates, and why it’s so crucial to preserve an independent central bank. Then, we take a look at Missouri, where the state’s legislature and the governor overturned the outcome of a ballot initiative. What does that say about the state of public participation in the democratic process? And, we celebrate some wins from listeners about a rekindled drive to write poetry and what it means to be a good friend.

Here’s everything we talked about today:

"Missouri governor repeals paid sick leave law approved last year by voters" from The Associated Press
"Missouri Rolls Back Paid Sick Leave Entitlement; $15 Minimum Wage Remains" from National Law Review
“Missouri’s voters restored abortion rights. Their leaders are trying to overrule them” from the newsletter The 19th News
"D.C. budget update: Tipped minimum wage compromise fails, ranked choice voting funded as budget advances" from WAMU
"Inflation picks up again in June, rising at 2.7% annual rate" from CNBC

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Transcript

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0:00.0	Hey, if you're listening to this, I will assume you're at least interested in money,
0:04.5	understanding the economy, and finances as well.
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0:31.7	sign up for a green light account at greenlight dot com slash million it's the sound that provides so much awe and wonder.
0:43.3	If you've never listened to Lunds before, here you go.
0:47.3	I'm Megna Chakrabardi.
0:51.3	Join me on point for a week of wonder to explore what captivates our minds,
0:56.6	illuminates our humanity,
0:58.2	and both delights and confounds
1:00.2	us. Five episodes,
1:02.1	one each day. Listen and
1:03.9	follow On Point wherever you get your
1:05.8	podcasts.
1:10.3	Music Hey, everyone. I'm Rimares. Welcome back to Make Me Smart, where we make today, Make Sense.
1:22.3	And I'm Kimberly Adams. Thank you, everyone, for joining us. It's Wednesday, July the 16th.
1:27.3	Today, we're going to get into
1:28.3	some news, then wrap things up by celebrating some wins. Kimberly, you want to start? What caught your
	...

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