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The John Batchelor Show

Preview: Colleague Liz Peek comments on how retail anticipated tariffs and hedges usefully. More later.

The John Batchelor Show

John Batchelor

News, Books, Society & Culture, Arts

4.62.7K Ratings

🗓️ 7 May 2025

⏱️ 3 minutes

🧾️ Download transcript

Summary

Preview: Colleague Liz Peek comments on how retail anticipated tariffs and hedges usefully. More later. 
1969

Transcript

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0:00.0

The weather. Tomorrow, expect a biting cold front. Hmm, how naughty. I wonder what I'll be

0:06.8

wearing or taking off. The night will be wild and untamed. Expect heavy, lashing rain

0:13.0

that'll soak you to the skin. By Monday, temperatures will rise slowly but surely reaching

0:18.7

their peak in the afternoon.

0:23.0

Not in the mood for miserable weather?

0:25.6

Fly cheaply to Turkey with Sun Express.

0:28.7

Sun Express, nonstop sunshine.

0:35.0

This is John Batchelor, conversation with my colleague Elizabeth Peek about the tariffs.

0:40.2

The importers and the exporters went through this in the first Trump term. The difference is the 10% on everything. However, the expectation is there'll be inflation.

0:47.3

Not for a while, says Liz. There was too much anticipation in the first quarter, and there's

0:53.8

game playing in the second quarter.

0:56.4

This is Liz Peek on tariffs, and the expectation of some huge number to float through,

1:04.0

not yet, not yet.

1:06.9

More of this tonight.

1:08.4

Yeah, because there have been so much.

1:10.1

Well, there's certainly been a lot of hedging.

1:12.3

We saw that in the first quarter numbers in terms of imports already coming into the U.S.,

1:17.1

people building inventory at old prices.

1:19.4

So I think to your point, John, my guess is inflation isn't going to look bad, at least for the next

1:26.3

a couple of months, because we're going to be winding down that inventory.

1:29.5

And then, yes, it's not like all these companies aren't agile

1:34.2

and have not been able to figure out ways to get around it.

...

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