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Marketplace

How about those new tariffs?

Marketplace

Marketplace

Business, News

4.6 β€’ 8.5K Ratings

πŸ—“οΈ 26 June 2024

⏱️ 28 minutes

🧾️ Download transcript

Summary

Over the past few months, the Biden administration has announced new tariffs β€” on top of existing Trump-era ones. The period for public comment on them is nearly over, so we’ll hear business owners’ views on the levies’ likely impact on sales. Also in this episode: An all-female fire crew burns barriers, Google phases out infinite scroll and the U.S. semiconductor industry sorta relies on a hard-to-win visa lottery.

Transcript

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0:00.0

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0:30.0

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0:32.0

Terms and conditions apply. Need to hire? Indeed. thing from American public media. This is Marketplace. In Los Angeles, I'm Kyle Rizdall Wednesday, today 26 June.

0:59.5

Good as always to have you along everybody.

1:02.0

It has been a minute I think since we've talked

1:04.7

tariffs and we bring them up today with an eye to the calendar. President

1:09.7

Biden has kept most Trump-era tariffs in place and over the past couple of months

1:13.2

has added a slew of his own and increased others on everything from

1:16.8

EVs to solar cells to batteries to electric vehicles again to steel and

1:21.2

aluminum and beyond the office of the US Trade

1:24.0

Representative has been on the receiving end of well let's call it input

1:28.5

about those tariffs from businesses big and small in this economy. Friday is the end of the 30 day public comment

1:35.6

period on those comments. So the marketplace is pretty better sure brings us up

1:39.7

to date. For CEO Ed Richardson, new tariffs on Chinese magnets and steel would be great.

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