4.6 • 8K Ratings
🗓️ 5 March 2025
⏱️ 25 minutes
🧾️ Download transcript
They’re here: President Donald Trump’s 25% tariffs on goods from Canada and Mexico begin today, as well as an additional 10% tax on goods from China. In this episode, we hear from business owners who are caught in the middle of trade policy chaos and explain why Texas is likely to suffer in particular. Plus, Forest Service layoffs devastate rural western mountain towns, and small warehouses are in demand but hard to come by.
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0:00.0 | One word, one guess, people. What do you got? |
0:06.4 | From American Public Media, this is Marketplace. |
0:15.9 | In Los Angeles, I'm Kyle Rizdahl. It is Tuesday, today, March the 4th. Good as always to have you along, everybody. Should you be wondering whether we are in a trade war? Yes, 25% on Canada, 25% on Mexico, another 10 percent on China on top of the 10 percent |
0:38.8 | already imposed. |
0:41.1 | Retaliatory tariffs, because this is the way things go in a trade war, have already started. |
0:45.9 | Canada is going to hit alcohol, clothing, and appliances. |
0:48.4 | China's doing chicken, wheat, and other things agricultural. |
0:51.3 | Mexico says it is going to, exact list as yet TBD. And look, this is a dynamic |
0:58.0 | policy environment, right? Changes are possible by the very hour, as we've seen since the inauguration. |
1:03.8 | But spare a thought in this moment for the business owners. Stuck in the middle. Marketplace's |
1:09.0 | Kristen Schwab made some calls. |
1:16.1 | Paul Weissman at Healthy Avocado imports more than a million boxes of avocados a year. And he says the industry has been a little touch and go lately, even before tariffs. Supply from Mexico has |
1:21.4 | been down because of bad weather. The prices for Super Bowl were twice, what they were last year. |
1:27.5 | Which impacted sales. |
1:29.2 | It makes them wonder if people have already reached the price threshold for guacamole. |
1:33.7 | Will consumers pay three or four dollars each for an avocado? |
1:38.5 | I don't think so. |
1:39.8 | Mexico is the biggest supplier of avocados. |
1:42.4 | So all he can do is wait to see how tariffs impact |
1:45.5 | prices and wait to see if farmers adjust to compensate. Erica York at the Tax Foundation says |
1:51.7 | the cost of tariffs is a big factor for businesses and consumers. But a perhaps bigger consequence |
1:57.1 | for the economy is the uncertainty of trade policy. |
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