Nondairy milk drinkers rejoice!
Marketplace Morning Report
Marketplace
4.5 • 927 Ratings
🗓️ 7 March 2025
⏱️ 9 minutes
🧾️ Download transcript
Summary
This week, Dunkin’ dropped its surcharges on drinks with nondairy milk. Starbucks did the same late last year, as have some indie coffee shops. Today, we look at how the popularity of nondairy milks is changing how restaurants set prices. But first, we unpack the chaos of recent tariffs, including how they affect a free trade agreement between the U.S., Canada and Mexico, and how trade policy uncertainty is impacting agricultural exporters.
Transcript
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| 0:53.7 | It's about keeping |
| 0:54.4 | everything secure. Two words, tariff, chaos. From Marketplace, I'm Sabri Beneshore in for |
| 1:03.6 | David Brancaccio. After throwing a 25% import tax on everything from Canada and Mexico on Tuesday, |
| 1:10.3 | President Trump has now paused the tax, |
| 1:12.7 | but just for a month, but also only just for some goods. Which ones? Hard to say because the pause |
| 1:19.4 | applies only to goods covered under the U.S.MCA free trade agreement between the U.S., Canada, and Mexico. |
| 1:25.7 | This is the one that replaced NAFTA. And that raises an even more complicated question. What do these tariffs mean for this trade agreement at all? |
| 1:34.3 | Marketplace's Nova Safo is here to try to answer that for us. Hi, Nova. |
| 1:37.3 | Oh boy, good morning, Sabri. |
| 1:39.3 | So, the U.S.-Mexico-Canada agreement was already up for renegotiation soon. How did these tariffs affect that process? |
| 1:48.5 | You know, all three countries involved were gearing up to update the trade agreement. This was a deal that was struck in 2020 under Trump 1.0. And there was a renewal baked in. The U.S. really wanted that. And the key date there was July 26. When we spoke with Jeffrey |
| 2:02.9 | Schott about this timeline, he's a senior fellow at the Peterson Institute for International |
| 2:07.4 | Economics, and he said it was even possible to move ahead those renegotiations. |
| 2:13.1 | There's no reason why that review can't be jumpstarted early and negotiations between the United |
| 2:19.9 | States, Mexico and Canada undertaken to fill in areas where new rules are needed and to update |
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