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The Lead with Jake Tapper

Some Businesses Are Already Passing On Tariff Costs To Consumers

The Lead with Jake Tapper

CNN

News

41.6K Ratings

🗓️ 10 May 2025

⏱️ 80 minutes

🧾️ Download transcript

Summary

Pope Leo XIV wraps up his first day on the job with a message not just to other Catholic leaders but to people around the world. Plus, a judge ordered the immediate release of a doctoral student whose detention by immigration authorities was caught on camera.   Learn more about your ad choices. Visit podcastchoices.com/adchoices

Transcript

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0:00.0

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0:04.8

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0:12.4

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0:30.8

Kate's just off to work after sleeping in the best bed in the business. And my word, doesn't she

0:36.1

look ready for anything? Something about her smile

0:39.0

is just brighter. Her eyes seem glintier and she just feels so much more katier. Of

0:46.6

course it's no surprise really because last night she slept at Premier Inn and she got up to

0:51.4

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0:57.4

easy tees and sees apply welcome to lead i'm phil mattingly in for jake taper we begin with our

1:09.0

money lead president donald Trump's trade war is

1:11.5

beginning to change the way America shops. In fact, you may already see some impacts. A screen

1:17.3

grab from one of our producers shows a $22 baby hat for sale online. Now, if you look closely,

1:22.5

you can see in addition to shipping and taxes, there's another line. Duties. The cost, $34.78.

1:30.3

More expensive than the hat itself.

1:32.3

Now, I want to note, our producer did not buy the baby hat.

1:35.3

But notes one year ago, other items from that same store did not show a duties fee.

1:41.3

Now, you could expect more of this in the coming weeks.

1:43.3

Economists say you'll

1:44.6

begin to find fewer options in limited choices in stores and online as retailers scale back

1:50.2

imports in the face of Trump's 10% universal tariff on virtually every product entering the United

...

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