Reflecting on the year in tariffs
Marketplace All-in-One
Marketplace
4.5 • 1.4K Ratings
🗓️ 2 April 2026
⏱️ 8 minutes
🧾️ Download transcript
Summary
A year ago today, the president pulled out a chart in the now paved-over Rose Garden and set the global economy on fire. He announced his so-called “Liberation Day” tariffs, which changed a bunch of times before being deemed illegal by the Supreme Court earlier this year. And those tariffs were mostly paid by us — consumers and small businesses. Plus, just how worried should we be about jitters in the private credit market?
Transcript
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| 0:00.0 | You're |
| 0:01.2 | better internet? |
| 0:02.4 | Cox Internet |
| 0:03.1 | of 300 megas has the velocities rapid and confiables that you're doing, perfect for streaming and gaming and to work from everything. All right. All right. All right. When you CokesMobile, include a key of Wi-Fi and guarantee of price of two years in your plan. No, you'll be Peres, |
| 0:21.8 | Cambiate |
| 0:22.2 | today to |
| 0:22.8 | Cox. |
| 0:23.6 | Require Cogne |
| 0:24.8 | Gigan limit and guarantee of price of two years in your plan. No, don't expect. Cogh, Cogne, limited, guarantee of price, no, including impuces and cargos, velocity of data, mobile, is reduced after 20 gigas a month. The year in tariffs. From Marketplace, I'm Surrey Banishhore in for David Brancaccio. |
| 0:37.8 | A year ago today, the president pulled out a chart in the now paved over Rose Garden Lawn |
| 0:42.9 | and unleashed chaos onto global supply chains. |
| 0:46.7 | He announced a so-called Liberation Day tariffs, which would go on to change a bunch of times |
| 0:50.8 | before being struck down as unconstitutional by the Supreme Court |
| 0:54.4 | earlier this year. Marketplace Senior Washington correspondent Kimberly Adams has more on what the |
| 0:58.9 | year in tariffs has meant for the economy. The tariffs were mostly paid by us, consumers and |
| 1:05.5 | small businesses. Justine Khan is founder and CEO of Botnia, a skincare company based in California. |
| 1:12.3 | She's been dealing with pricier essential oils from France, packaging from Spain, herbs from Tibet. |
| 1:18.6 | And so what used to cost, you know, if we placed a $10,000 order, now costs us $15,000. |
| 1:24.9 | And so that has really impacted our business. When I ask economists about the broader |
| 1:31.5 | economic impact, it's thankfully not been an utter disaster. Ryan Young is with the Competitive |
| 1:39.3 | Enterprise Institute. Because the enacted tariff rates were roughly half of what the president threatened |
| 1:46.6 | at the Rose Garden Press Conference. But it's still been pretty bad. |
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