Expect tariff evasion

Marketplace

American Public Media

Business, News

4.6 • 8K Ratings

🗓️ 11 April 2025

⏱️ 28 minutes

🔗️ Recording | iTunes | RSS

🧾️ Download transcript

Summary

Just like some people fudge the numbers to lower their taxes, some companies do the same when paying tariffs on foreign goods. The federal government is mostly trusting that what’s in that shipping container is actually 100 bicycles, and not 500 bicycles. But erratic, rapidly changing trade policy is making it easier to evade tariffs, a customs broker told us. Also in this episode: Car insurance costs dip (but probably won’t stay down), a six-figure household income isn’t what it used to be, and the U.S. dollar takes a tumble.

Transcript

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0:00.0	If you've shopped online, chances are you've bought from a business powered by Shopify.
0:05.6	You know that purple shop pay button you see at checkout?
0:08.4	The one that makes buying so incredibly easy?
0:11.1	That's Shopify.
0:12.1	And there's a reason so many businesses sell with it,
0:15.0	because Shopify makes it incredibly easy to start and run your own business.
0:19.8	Shopify is the commerce platform behind millions of
0:22.2	businesses around the world, from household names like Mattel and Jimshark to brands just getting
0:26.8	started. If you want to see less carts being abandoned, it's time for you to head over to Shopify.
0:32.8	Sign up for a one pound per month trial and start selling today at Shopify.co.com.uk slash Marketplace 22.
0:40.6	Go to Shopify.com.com. UK slash Marketplace 22.
0:47.2	Hello, listeners. Our goal at Marketplace is to raise the economic intelligence of the country.
0:53.0	And that goes for teens and young adults, too.
0:55.7	The newest season of Financially Inclined, hosted by Yanelli Espinall, tackles topics like
1:01.3	how to align your values with your money decisions, the skill of negotiating, and what you can get
1:08.1	out of internships. Financially inclined is presented in partnership with Greenlight,
1:13.5	the debit card and money app for teens.
1:16.2	Greenlight helps teens learn to earn, save, spend wisely, and invest.
1:21.2	Tune in to Financially Inclined wherever you find your podcasts.
1:27.9	Hey, so how are you feeling about things?
1:31.0	Wait, don't answer that.
1:33.3	From American public media, this is Marketplace.
	...

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