4.8 • 1.3K Ratings
🗓️ 15 April 2025
⏱️ 26 minutes
🧾️ Download transcript
For the first few years of the pandemic, businesses navigated a backed-up global supply chain that left some with excess inventory and others with no inventory at all. Tariffs may cause similar issues: Companies are stocking up on imports, and prices will likely rise. In this episode, business owners compare this economic moment to early-COVID supply snarls. Plus: Trade tensions are causing a drop in oil prices and stoking confusion in the steel industry. Also: The first installment of our series about how Altadena, California, businesses will rebuild after the devasting wildfire.
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0:00.0 | How are tariffs affecting this economy? Let us count the ways. From American public media, |
0:10.4 | this is Marketplace. |
0:16.5 | In Los Angeles, I'm Kyle Rizzdahl. |
0:23.7 | It is Tuesday today, the 15th day of April. |
0:26.9 | Good as always to have you along, everybody. |
0:29.9 | Yeah, so I'm not actually going to count the ways that President Trump's trade policy is affecting this economy because the show is only half an hour. |
0:37.3 | But ways number one, |
0:39.6 | two, and three for us today are in this order. Supply chains, steel and oil. Supply chains, |
0:47.5 | of course, are about availability of materials at reasonable costs, both of which tariffs |
0:52.0 | affect and not in a good way. |
0:59.1 | Businesses do have some recent experience with supply chain disruptions, so Marketplace's Justin Ho made some calls about lessons learned from the pandemic that might apply today. |
1:04.5 | Up until this week, Ken Gidden, the owner of Rothman's, a men's clothing store in New York, |
1:09.7 | would order 20 suits a week from one of his suppliers in China. |
1:13.3 | But on Monday? |
1:14.4 | We decided to buy 200 of them. |
1:16.7 | Gidden says one reason was to get them in before tariffs on Chinese imports take effect. |
1:21.9 | Another was to buy himself some time, to find other vendors in different countries. |
1:26.8 | Gidden says all the supply chain congestion that happened during the pandemic taught |
1:30.5 | him how important it is to have multiple suppliers. |
1:33.6 | The economic world always evolves. |
1:36.3 | So if one road is blocked, another one will open up. |
1:40.1 | That said, the pandemic also taught retailers that having too much inventory can be a drag, |
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