How Trump's Tariffs Plan Might Work
The NPR Politics Podcast
NPR
4.4 • 25.7K Ratings
🗓️ 1 January 2025
⏱️ 11 minutes
🧾️ Download transcript
Summary
President-elect Donald Trump made a lot of economic promises on the campaign trail, but none as sweeping as his plan to enact tariffs. Trump believes taxing imports from other countries will help reduce the U.S. trade deficit and raise money for things like tax cuts. Today on the show, how might these tariffs work and will they work? Or is everything about to get more expensive?
See pcm.adswizz.com for information about our collection and use of personal data for sponsorship and to manage your podcast sponsorship preferences.
NPR Privacy Policy
Transcript
Click on a timestamp to play from that location
| 0:00.0 | The Indicator is a podcast where Daily Economic News is about what matters to you. |
| 0:04.5 | Workers have been feeling the sting of inflation. |
| 0:06.5 | So as a new administration promises action on the cost of living, taxes, and home prices, |
| 0:11.3 | the S&P 500 biggest post-election day spike ever, |
| 0:14.5 | follow all the big changes and what they mean for you. |
| 0:17.1 | Make America affordable again. |
| 0:20.4 | Listen to The Indicator, the Daily Economics podcast from NPR. |
| 0:28.2 | Hey there, it's the NPR Politics Podcast. |
| 0:30.9 | I'm Sarah McCammon. |
| 0:32.0 | I cover politics. |
| 0:33.3 | And today, we want to bring you some reporting from our friends at The Indicator from Planet Money. |
| 0:38.5 | As President-elect Trump plans to take office, how will his economic policy take shape |
| 0:43.7 | and is what he campaigned on even possible? |
| 0:47.6 | Here's Darian Woods. |
| 0:49.5 | Two big campaign promises from President-elect Trump were tax cuts and tariffs. And specifically, |
| 0:56.4 | the idea that the money generated from the tariffs will pay for the tax cuts. Joining me to discuss |
| 1:02.2 | all this is Kyla Scanlan, economic commentator and author of In This Economy, Kyla, welcome to the |
| 1:08.7 | show. Thank you, Darian. So today you're joining us to talk about |
| 1:12.0 | tariffs and tax cuts. And cookies. That would explain these cookies, which I was told to bring |
| 1:17.8 | into the studio. So I thought you were just being really generous. No, those cookies are meant |
| 1:22.3 | to explain trade policy because those cookies have ingredients from all over the world. They might have cocoa |
| 1:28.7 | beans, spices like cinnamon or vanilla, and right now, all those ingredients come in tax-free. |
... |
Please login to see the full transcript.
Disclaimer: The podcast and artwork embedded on this page are from NPR, and are the property of its owner and not affiliated with or endorsed by Tapesearch.
Generated transcripts are the property of NPR and are distributed freely under the Fair Use doctrine. Transcripts generated by Tapesearch are not guaranteed to be accurate.
Copyright © Tapesearch 2026.