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CNN 5 Things

One Thing: What to Expect When You’re Expecting More Tariffs

CNN 5 Things

CNN

Daily News, News

3.71.3K Ratings

🗓️ 18 May 2025

⏱️ 20 minutes

🧾️ Download transcript

Summary

The US and China have agreed to drastically walk back their trade war – for now. But will consumers feel the pain anyway? The co-founder of a baby products company tells us why he isn’t afraid to talk to his customers about tariffs. Guest: Michael Wieder, Lalo co-founder Have a question about the news? Have a story you think we should cover? Call us at 202-240-2895. Learn more about your ad choices. Visit podcastchoices.com/adchoices

Transcript

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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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