Move over taco Tuesday! Tariff Tuesday is here
Marketplace All-in-One
Marketplace
4.8 • 1.3K Ratings
🗓️ 8 April 2025
⏱️ 24 minutes
🧾️ Download transcript
Summary
You may be wondering whether the prices of your go-to products, from avocados to smartphones, will be raised by tariffs in the coming weeks. We hear you! On the show today, Martha Gimbel, executive director of the Budget Lab at Yale, gives us a broad view of the tariff landscape, how the prices of certain consumer goods could change, and how Trump’s trade agenda could impact the American economy in the long run. Plus, why a trade deficit isn’t necessarily a bad thing.
Then, we’ll smile about the joy of listening to kids learn to talk. And, Carrie Lane, author of “More Than Pretty Boxes: How the Rise of Professional Organizing Shows Us the Way We Work Isn’t Working,” answers the Make Me Smart question.
Here’s everything we talked about today:
"Tariffs on China set to rise to at least 104% on Wednesday, White House says" from CNN Business
"Stock Market Today: Dow, S&P 500 Swing Wildly; Trump Threatens More China Tariffs" from The Wall Street Journal
"What is the status of the Trump administration's tariffs?" from Marketplace
"Where We Stand: The Fiscal, Economic, and Distributional Effects of All U.S. Tariffs Enacted in 2025 Through April 2" from The Budget Lab at Yale
"Trump Tariff Tracker" from the Atlantic Council
Got a question or comment for the hosts? Email [email protected] or leave us a voicemail at 508-U-B-SMART.
Transcript
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| 0:00.0 | Hello, listeners. Our goal at Marketplace is to raise the economic intelligence of the country, |
| 0:06.5 | and that goes for teens and young adults, too. The newest season of Financially Inclined, hosted by |
| 0:12.2 | Janelli Espinall, tackles topics like how to align your values with your money decisions, |
| 0:18.5 | the skill of negotiating, and what you can get out of internships. |
| 0:23.5 | Financially inclined is presented in partnership with Greenlight, the debit card and money app for teens. |
| 0:29.7 | Greenlight helps teens learn to earn, save, spend wisely, and invest. |
| 0:34.8 | Tune in to financially inclined wherever you find your podcasts. |
| 0:47.1 | Hey, everyone, I'm Kimberly Adams. |
| 0:48.9 | Welcome back to Make Me Smart, |
| 0:50.4 | where none of us is as smart as all of us, |
| 0:52.8 | or apparently the Trump administration. |
| 0:54.4 | Well, yes. |
| 0:55.2 | Well, I guess we'll talk about that. |
| 0:56.7 | I'm Kyle Rizal, Tuesday, 8 April, tariffs. |
| 1:00.2 | Tariffs, tariffs, tariffs. |
| 1:01.5 | That's all we've got. |
| 1:02.3 | That's what we're going to do today. |
| 1:04.0 | Yes. |
| 1:04.7 | And look, we know it's super hard to keep track of all the moving parts. |
| 1:08.6 | So we're going to try our best to make sense of the tariff. |
| 1:12.5 | I guess you can only really describe it as chaos. And we're going to unpack how it's already |
| 1:17.3 | impacting the economy. So here to help us with that is Martha Gimbel, executive director of the |
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