Supply chain strain, redux

Marketplace

American Public Media

Business, News

4.6 • 8K Ratings

🗓️ 2 May 2025

⏱️ 27 minutes

🔗️ Recording | iTunes | RSS

🧾️ Download transcript

Summary

It’s been one month since President Trump raised tariffs on goods from China. Already, the global supply chain is struggling. In this episode, we’ll hear about plummeting container ship traffic to the U.S. and how small retailers are dealing with limited stock. Plus, how the drayage sector is faring and what all these tariff negotiations will mean for the global economy going forward.

Transcript

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0:00.0	All right, you know what? Forget the 100 days thing. It's a month today since Tariff Palooza. Where has that gotten us?
0:10.3	From American Public Media, this is Marketplace.
0:24.2	In Los Angeles, I'm Kyle Rizzdahl.
0:25.1	It is Friday.
0:27.3	Today, this one is the second of May.
0:29.6	Good as always to have you along, everybody.
0:34.1	We are not big on this program on manufactured anniversaries.
0:35.0	The biggies?
0:36.0	Five years?
0:36.7	Ten years?
0:37.2	Sure. Absolutely. But one month? Not usually,
0:41.9	unless that month has upended the global economy as we knew it. So that is the theme of this program today.
0:48.7	And you start with Greg Ipp at the Wall Street Journal on a Swanson at the New York Times. Hey, you two.
0:53.5	Hey, Kai.
0:54.6	Hi, Kai. Greg, let me start with you. You're the new guy on the block here for us anyway.
0:58.6	You've obviously been around for a while. It's been a month. Do you think the U.S. economy has changed?
1:05.6	Well, not if you look at what we call the hard data. I mean, we just got a report today. Employment grew 177,000 in the
1:12.9	month of April, which is pretty good. Looks exactly like the prior year. Unemployment rate was stable.
1:19.0	The big differences that you see are in what we call the soft data, the vibes, as we like to call it.
1:24.7	We have a variety of indexes of consumer confidence and business confidence.
1:28.4	Those are all down a lot.
1:30.1	Now, if you look at the financial markets, there's an other interesting story.
	...

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