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Business Daily

Trump’s tariffs: The price of spice

Business Daily

BBC

News, Business

4.4796 Ratings

🗓️ 29 April 2025

⏱️ 17 minutes

🧾️ Download transcript

Summary

For thousands of years people have traded spices across continents, sharing recipes and wealth.

But what could happen to the modern spice industry if costly barriers to free trade are imposed?

As US President Donald Trump reaches 100 days in office, it is arguably his “reciprocal tariffs” that have caused the most upheaval in the US and global economies.

We speak to three people working in the North American spice import and processing sector to see how it's impacting them.

Presenter: Ed Butler Producer: Hannah Bewley

(Image: Imported spices and seasoning at Phuoc Loc Tho Super Oriental Market in Florida. Credit: Getty Images)

Transcript

Click on a timestamp to play from that location

0:00.0

Hi there, I'm Ed Butler. Welcome to Business Daily from the BBC World Service. Today, it is 100

0:08.6

days since Donald Trump was sworn in as president of the United States. Thank you. Nice crowd.

0:16.6

What a good-looking group of people. But for many, it's not the inauguration which has provided the template for his presidency so far.

0:24.3

It's the second of April.

0:26.3

Or, as Donald Trump would put it...

0:28.3

My fellow Americans, this is Liberation Day, waiting for a long time.

0:34.8

Yes, this was the day that he announced huge trade tariffs on every country around the world, impacting almost every industrial sector.

0:44.3

For decades, our country has been looted, pillaged, raped and plundered by nations near and far, both friend and foe alike,

0:52.3

American steelworkers, auto workers, farmers and skilled craftsmen.

0:57.4

We have a lot of them here with us today.

1:00.2

They really suffered gravely.

1:02.4

They watched it anguish.

1:03.5

And President Trump has set out to change this with what he calls reciprocal tariffs or import taxes,

1:10.2

a flat rate of around 10% worldwide at the moment

1:13.4

to bring back American manufacturing jobs, he hopes,

1:17.4

and to boost the domestic economy.

1:20.0

That at least is the theory.

1:22.0

Today we're going to be looking at the practice, though,

1:24.2

of what these tax rises mean for just one small group of businesses, those involved

1:29.4

in importing Haitian-style foods into the United States. Have things just got really spicy

1:36.4

for the US spice trade? That's Business Daily from the BBC.

1:43.3

So let's see where I got here.

...

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