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1A

The Effect Of Tariffs On Small Businesses

1A

NPR

News

4.4 β€’ 4.3K Ratings

πŸ—“οΈ 17 April 2025

⏱️ 40 minutes

🧾️ Download transcript

Summary

President Donald Trump promised tariffs on the campaign trail. Those tariffs are here – but how much of them, where, and on who, has changed a few times.

Here's where things stand right now: President Trump rolled tariff rates back to a baseline ten percent for most countries, but raised the tariffs on China to 145 percent. Global trading markets plunged due to a series of rapid shifts in trade policy.

We discuss how these policies affect small businesses, many of which have to rely on goods that come from other countries.

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Transcript

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0:00.0

Hello, I'm Johnny O'Hanson, Jr.

0:02.7

Join me each week on In Black America

0:04.6

as we profile current and historically significant figures

0:08.0

whose stories help illuminate life in Black America.

0:11.4

You don't want to miss the conversation.

0:13.6

KUT Radio and Black America are members of the NPR Network.

0:17.6

Thanks for listening to In Black America.

0:27.2

Thank you. Network. Thanks for listening to In Black America. This is 1A. I'm Elliot Williams, a legal analyst at CNN, in for Jen White.

0:32.3

On the campaign trail, President Trump promised tariffs. He did it again at his inauguration in January.

0:38.8

Instead of taxing our citizens to enrich other countries, we will tariff and tax foreign countries

0:46.3

to enrich our citizens. And tariffs, which are taxes on imported goods, are here, but the exact numbers and who they applied to has changed a few times.

0:59.3

Here's where things stand right now.

1:01.5

President Trump rolled tariffs rates back to a baseline 10% for most countries, but raise the tariffs on China to 145%.

1:10.2

Global trading markets plunged due to a series of rapid shifts in trade policy.

1:15.4

But how are these policies affecting small businesses,

1:18.2

many of which have to rely on goods that come from other countries?

1:21.4

We asked you about some of your own small businesses,

1:24.6

and we got so many stories.

1:26.5

After the break, we'll start the conversation

1:28.1

with one of those stories. I'm Elliot Williams, a legal analyst at CNN, and for Jen White.

1:33.6

You're listening to the 1A podcast where we get to the heart of the story. Stay with us. We've got a

1:38.8

lot to get into.

...

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