Tariffs Harm Consumers, Reduce Hiring, and Cause Customs Backlogs. Veronique De Rugy explains how tariffs are costing American consumers and businesses over 80% of the expense, leading to higher prices and reduced corporate margins. The tariff policy is h

The John Batchelor Show

John Batchelor

Society & Culture, Arts, News, Books

4.5 • 2.8K Ratings

🗓️ 17 October 2025

⏱️ 10 minutes

🔗️ Recording | iTunes | RSS

🧾️ Download transcript

Summary

Tariffs Harm Consumers, Reduce Hiring, and Cause Customs Backlogs. Veronique De Rugy explains how tariffs are costing American consumers and businesses over 80% of the expense, leading to higher prices and reduced corporate margins. The tariff policy is harming the job market, causing 40% of CEOs to pause hiring and investments. Customs authorities are overwhelmed by the volume of small packages now requiring assessment, causing significant backlogs and lost goods for consumers. Special interests are expanding the tariff application to derivative products, such as peanut butter packaged in metal containers.
1931

Transcript

Click on a timestamp to play from that location

0:00.0	Building a coffee business?
0:01.9	Serving the best Americano in town is up to you.
0:04.1	But winning back time and growing your business, leave that to sum up.
0:07.1	Take orders and payments anywhere with the new SumUp terminal.
0:09.9	Turn occasional customers into regulars with a free loyalty program.
0:13.4	And with the SumUp point of sale system, you'll always know when you're running low on your best selling blends.
0:17.9	Visit sumup.co.uk to learn more.
0:23.8	This is CBSI on the world. I'm John Batchelor. Tariffs. Since April, we've been told again and again
0:30.9	in all the news reporting that tariffs cost us money. However, there were doubts over the summer
0:36.7	where. Perhaps we ride out
0:39.0	tariffs. Perhaps the American consumer is sophisticated enough to avoid the extra costs.
0:45.7	Perhaps we are going to find bounty here. In fact, there's been talk. Just a headline,
0:51.4	as far as I saw, that the White House is considering sending a check of $2,000 to
0:56.6	every American citizen because so much money is coming in from paying the tariffs.
1:02.7	Bernic de Reggie of the Mercatus Center joins writing about tariff fallout here in the autumn
1:08.6	of 2025.
1:11.2	Veronique, where are the tariffs and what are they doing to the American consumer and to our
1:16.8	growth?
1:17.8	Good evening to you.
1:20.6	Good evening, John.
1:22.1	Well, if you're asking who are paying the tariff, I mean, we know it's mostly Americans. This time is a little different
1:30.2	than before. During the first Trump term, economists looking back at what had happened said
	...

Please login to see the full transcript.

Previous episode | Next episode

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

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