The consequences of tariff uncertainty
Marketplace
American Public Media
4.6 • 8K Ratings
🗓️ 7 July 2025
⏱️ 28 minutes
🧾️ Download transcript
Summary
Trump officials signaled tariffs will be once again postponed, possibly to August 1. But as the White House nails down details, some businesses are suffering while they wait. In this episode, retailers explain why ongoing trade negotiations have put a damper on profits. Plus: Consumers could pull back spending if tariff-related worries persist, employment data shows it’s getting harder to find a job, and we check in with Altadena small business owners recovering from the L.A. fires.
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Transcript
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| 0:57.5 | You get a tariff, and you get a tariff, and you get a tariff, or maybe not. From American Public Media. |
| 1:08.0 | This is Marketplace. |
| 1:18.8 | Music Public Media. This is Marketplace. In Los Angeles, I'm Kyle. |
| 1:21.2 | It is Monday, today the 7th day of July. |
| 1:24.6 | It is always to have you along, everybody. |
| 1:26.3 | The macroeconomic lesson to be re-learned here |
| 1:30.0 | on this Monday early in this second Trump administration is the trade policy deadlines are |
| 1:36.9 | trade policy deadlines until they are not. There were, of course, the tariffs of April the 2nd, |
| 1:44.0 | then the 90-day pause set to expire this Wednesday. |
| 1:47.5 | Then this weekend signs from the White House that 90 days actually meant maybe August 1st. |
| 1:53.1 | Then today, letters from the president to 12 trading partners big and small prescribing how much consumers are going to have to pay on imports |
| 2:02.1 | from said partners, 25 to as much as 40%. More letters to come to the rest of the world, |
| 2:08.3 | we are told. I could go on about the back and forth, the twists and turns of U.S. trade policy |
| 2:14.0 | the past six months. Better, though, that Marketplaces, Kristen Schwab |
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