Pediatricians, vaccine costs, and confusion

Marketplace Morning Report

American Public Media

News, Business

4.5 • 808 Ratings

🗓️ 12 August 2025

⏱️ 7 minutes

🔗️ Recording | iTunes | RSS

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Summary

Each year, pediatricians order vaccines in anticipation of the winter respiratory virus season. But plummeting demand and confusion over vaccine recommendations have thrown the process into chaos, forcing some doctors to gamble and order vaccines they may not be able to use. We'll hear more. But first, the White House has again extended its trade truce with China, and the president's tariffs hit toy stores, which buy most of their products overseas.

Transcript

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0:00.0	An awkward truce continues. For a marketplace, I'm Sabri Beneshore, in for David Brancaccio. The White House has again extended its trade truce with China. Yesterday, President Trump signed an executive order suspending higher tariffs that would have kicked in today. Marketplaces Nancy Marshall-Gensar has the latest.
0:21.9	The new tariff deadline is November 10th. This latest suspension will allow U.S. companies to
0:27.4	import Chinese products for the holiday shopping season at the current 30% tariff rate. Without
0:33.5	yesterday's reprieve, triple-digit tariffs would have snapped into place.
0:43.8	China is also postponing higher tariffs for 90 days, keeping its import tax for U.S. products at 10%.
0:44.9	The two sides have been negotiating for months, trying to reach a final agreement.
0:49.3	The executive order Trump signed yesterday says the U.S. continues to have discussions with Beijing to, quote,
0:55.7	address the lack of trade reciprocity in our economic relationship. The Trump administration says the U.S.
1:01.9	trade deficit with China was more than $295 billion last year. In a social media post on Sunday,
1:09.4	Trump urged Beijing to quadruple its orders of U.S. soybeans, saying that would substantially reduce its trade deficit with the U.S., but China would want something in return. I'm Nancy Marshall Genser for Marketplace.
1:23.2	Today is a big day economic data-wise. We get the consumer price index a little later this morning.
1:29.7	The CPI is one way we measure inflation in this economy. And the big question since April is, are tariffs showing up in prices?
1:38.5	We have so far been able to piece together bits of data to get a clue. We know from import data that suppliers
1:46.1	abroad have largely not been absorbing the tariffs. The question is how much are U.S.
1:51.7	business is absorbing and how much are they passing on to their customers? One category,
1:56.1	we are already seeing those prices get passed along. Toy prices were up almost 2% in one month in June.
2:03.3	Marketplaces Savannah Peters has more.
2:05.0	At the start of the year, it was safe to say 80% of the toys sold in the U.S. were manufactured in China.
2:12.8	Right now, that number is very much so in flux.
2:16.1	Kylie Kou, an analyst with Jeffries, says the big toy makers are
2:20.4	diversifying into countries like Vietnam and Indonesia, where tariffs aren't as steep as the ones President
2:27.2	Trump has threatened on Chinese imports. They're still higher than, you know, the zero that they
	...

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