meta_pixel
Tapesearch Logo
Log in
Marketplace All-in-One

Tariffs and economic growth, both globally and at the checkout line

Marketplace All-in-One

Marketplace

News, Business

4.81.3K Ratings

🗓️ 3 June 2025

⏱️ 9 minutes

🧾️ Download transcript

Summary

The world will see lower economic growth due to tariffs and tariff uncertainty, according to the OECD. Global economic growth will fall below three percent this year, and the slowdown is expected to be most concentrated in the U.S., Canada, Mexico and China. Also on the program: how steel and aluminum tariffs could drive up grocery prices, and the economic pros and cons of a small-market NBA Finals.

Transcript

Click on a timestamp to play from that location

0:00.0

Let's talk about something that might be keeping you up at night. Cybersecurity. According to Vantar's latest state of trust report, it's the number one concern for UK businesses. That's where Vanta comes in. Whether you're a startup, growing fast or already established, Vanta can help you get ISO-2701 certified and more without the headaches.

0:22.5

And Vanta allows your company to centralise security workflows,

0:26.2

complete questionnaires up to five times faster,

0:28.5

and proactively manage vendor risk to help your team not only get compliant, but stay compliant.

0:34.3

Stop stressing over cyber security and start focusing on growing your business. For a

0:39.5

limited time, our audience gets $1,000 off Vanta at vanta.com slash go. That's va.com

0:47.1

slash go for $1,000 off. Because when it comes to your business, it's not just about keeping the lights on.

0:53.7

It's about keeping

0:54.4

everything secure. Tariffs and economic growth both globally and at the checkout line.

1:03.0

I'm David Brancaccio in Los Angeles. The world will see lower economic growth due to tariffs

1:08.3

and tariff uncertainty. This is the conclusion of economists,

1:12.0

working for the club of rich nations known as the OECD.

1:16.1

The Organization for Economic Cooperation and Development now says economic growth in the U.S. this year

1:22.2

will be a paltry 1.6%. The OECD blamed substantial barriers barriers to trade, diminishing confidence and heightened uncertainty.

1:31.7

It says global economic growth will fall below 3% this year. The slowdown is expected to be

1:37.4

most concentrated in the U.S., Canada, Mexico, and China. The OECD warns that inflation is also resurfacing with tariffs

1:46.3

pushing up prices, adding that things could get worse if the trade war intensifies, with higher

1:51.9

trade taxes pushing inflation up even more while tamping down growth. The OECD has some

1:58.1

advice for global policymakers collaborate to keep tariffs from ratcheting up even more and encourage manufacturers to diversify their supply chains.

2:07.8

I'm Nancy Marshall Genser for Marketplace.

2:11.2

Now to the economics of heavy metal and not so heavy metal, steel and aluminum taxes on imports set to go into effect tomorrow.

2:18.9

They're meant to prop up U.S. jobs, but can also prop up prices. Even at the supermarket, here's

...

Transcript will be available on the free plan in 16 days. Upgrade to see the full transcript now.

Disclaimer: The podcast and artwork embedded on this page are from Marketplace, and are the property of its owner and not affiliated with or endorsed by Tapesearch.

Generated transcripts are the property of Marketplace and are distributed freely under the Fair Use doctrine. Transcripts generated by Tapesearch are not guaranteed to be accurate.

Copyright © Tapesearch 2025.