NPR.

This is the indicator for Planet Money.

I'm Adrian Ma.

And I'm Patty Hirsch.

There's a phrase going around the business community right now that has the indicator

written all over it.

Tariff engineering. God,

I love a good buzz term. Yeah, but the engineering we're talking about here is not the engineering

that went into Trump's tariffs. Tariff engineering is the way that companies get around these tariffs.

Without breaking the law, of course, that's key. So on today's show, we'll learn the tricks of the tariff-dodging trade.

We'll find out what's legal, what's not,

and we'll hear about the possible silver lining to President Trump's tariff regime.

Ooh, I do love a silver lining.

That's all coming up after the break.

Loyal indicator listeners will know this, but for any newcomers, a reminder that President

Trump's tariffs fall into roughly two parts.

Baseline tariffs were almost all goods from almost all countries anywhere on the surface

of the globe are subject to a flat 10%

tariff. Sort of like a 10% cover charge to get into a club. Exactly. And then there's the so-called

reciprocal tariffs based on, well, frankly, whatever their president sees fit. And initially,

when these tariffs were applied back in early April, it was chaos.

This is Izzy Rosenzweig.

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