One Thing: What to Expect When You’re Expecting More Tariffs
CNN 5 Things
CNN
3.7 • 1.3K Ratings
🗓️ 18 May 2025
⏱️ 20 minutes
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| 0:00.0 | This week, there are multi-billion dollar commercial deals with Amazon, Oracle, AMD. |
| 0:09.8 | They're all here. |
| 0:10.7 | Uber, Qualcomm, Johnson, and Johnson, and many, many more. |
| 0:16.0 | A lot of President Donald Trump's first big foreign trip to the Middle East was about deals and agreements. |
| 0:22.7 | Deals between tech companies and Saudi Arabia. Defense deals between the U.S. and Qatar, which also |
| 0:28.8 | put in a massive order for Boeing planes. Trump announced a plan to issue sanctions waivers for |
| 0:34.5 | Syria and its new regime, a potentially huge move for the region. |
| 0:38.8 | But before he even left on Monday, Trump came out and declared victory in his self-inflicted |
| 0:44.1 | trade war with China, at least for now. |
| 0:47.3 | Both the U.S. and China are now rolling back tariffs on each other's goods. |
| 0:51.4 | And the U.S. will now impose a 30% tariff on Chinese goods down from |
| 0:56.0 | 145%. China has agreed to roll back their rates on U.S. products to 10% down from 125%. |
| 1:06.0 | That 90-day walkback followed an agreement with the United Kingdom. But just how much of a |
| 1:10.6 | breakthrough is this? |
| 1:14.2 | Because as I record this, all of the tariffs on China and the UK, plus all of the retaliatory |
| 1:20.6 | tariffs they have slapped on us, are higher than they were when Trump came into office, all of them. |
| 1:27.1 | And despite rolling back the near universal tariffs, Trump announced back in April, some |
| 1:32.4 | of America's biggest retailers are warning that prices will still need to go up. |
| 1:38.1 | So businesses supplying these products are left with many questions. |
| 1:41.8 | Do they raise prices? |
| 1:43.2 | Do they stockpile inventory? Do you even |
| 1:45.8 | acknowledge the word tariff? Today, I talked to one business owner about his answers. |
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