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PBS News Hour - Segments

How businesses are dealing with the impacts of Trump’s tariff policies

PBS News Hour - Segments

PBS NewsHour

News, Daily News

4.11K Ratings

🗓️ 7 April 2025

⏱️ 9 minutes

🧾️ Download transcript

Summary

U.S. businesses are already facing tough challenges as a result of President Trump’s sweeping new tariffs. We hear from small business owners across the country about how they are being impacted, and Amna Nawaz discusses the ongoing trade war with Erin McLaughlin, senior economist at the Conference Board. PBS News is supported by - https://www.pbs.org/newshour/about/funders

Transcript

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0:00.0

Well, U.S. businesses are already facing tough challenges as a result of President Trump's

0:05.1

sweeping new tariffs.

0:06.2

We spoke with small business owners across the country to hear how they are being affected

0:10.6

firsthand.

0:11.6

Here's some of what they told us.

0:13.9

I'm Wendy Brew.

0:14.9

I own Dry Ridge Farm in Madison County in western North Carolina.

0:19.9

It'll affect us on everything from fertilizer to

0:23.3

construction materials to tractors, new equipment, but not just new equipment, like tractor parts,

0:31.0

all of our, all farmers do their own maintenance on their equipment. My name is Peter Andrews. I'm the

0:36.2

founder of culture Wine Company,

0:42.3

an importer, wholesaler, and focused on South African wine. Right now, I have a container that's leaving South Africa. That alone will probably be tariffed just because I missed it by about a seven

0:47.3

hour window to get it out. Hi, my name is Sunny Kim. I own and manage American Made Apparel,

0:52.6

which is a Denver-based cut and sew

0:54.4

factory. I would say tariffs, for the most part, have been, for me, in the immediate realm,

1:01.2

more detrimental because I source a lot of my materials, threads, and notions from China.

1:07.1

There's a lot more inquiries and possibly I could get more business from it. But for now,

1:12.8

I'm especially seeing a downturn as far as profit margin because my costs have gone up as well.

1:19.9

I'm Chris Pence and I'm the co-founder and president of hand ceramics in Burlington, North

1:24.0

Carolina. We work with a handful of restaurants and hotels in Canada currently

1:28.5

or have been. Unfortunately, the Canadian business that we have has completely gone away,

1:34.3

and the Canadian companies that we've been working with for many years are no longer interested

...

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