What to expect from Trump's tariffs

Here & Now Anytime

WBUR

News

4.6 • 911 Ratings

🗓️ 3 February 2025

⏱️ 28 minutes

🔗️ Recording | iTunes | RSS

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Summary

The U.S. and Mexico agree to put tariffs on hold for the next month, averting for now a trade war with one of the U.S.'s largest trading partners. Tariffs on goods from China and Canada are still set to take effect. Yale University's Amit Khandelwal joins us to discuss the economic impact of tariffs. Then, Secretary of State Marco Rubio appointed himself the acting director of U.S. Agency for International Development or USAID after Trump adviser Elon Musk said he was shutting down the agency. NPR's Franco Ordoñez breaks down what's happening. And, The Grammys saw the crowning of Beyoncé in a first Best Album and Best Country Album win. We get the latest with Jill Mapes of Hearing Things.

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Transcript

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0:00.0	Support for here and now anytime comes from MathWorks, creator of MATLAB and Simulink software for technical computing and model-based design.
0:09.2	MathWorks accelerating the pace of discovery in engineering and science.
0:13.8	Learn more at MathWorks.com.
0:16.4	We may have short-term some little pain, and people understand that.
0:21.5	But long-term, the United States has been ripped off by virtually every country in the world.
0:27.9	Trump's trade war is on.
0:30.0	And even though Americans might pay the price, the billionaire president says it'll all be worth it.
0:37.3	It's Monday, February 3rd, and this is here and now anytime, from NPR and WBUR Boston.
0:43.5	I'm Chris Bentley.
0:48.2	The richest man in the world says he's killing the main U.S. agency for international development.
0:59.2	Today on the show, Elon Musk's crusade to slash the government begins with USAID.
1:06.6	Also, it was a hell of a Grammys last night.
1:10.4	People are making out.
1:12.0	There's underwear being thrown in the air.
1:14.4	It was chaos.
1:15.3	It was very much like they're trying to make the Grammys and have a little club moment.
1:22.2	Celebrating a new generation of women dominating the music business in about 15 minutes.
1:31.3	But first, the short-term pain President Trump admitted his trade war could inflict on Americans was delayed slightly today.
1:37.4	After speaking with Mexico's president, Trump agreed to put off the tariffs for one month.
1:42.8	Trump is due to talk to Canadian Prime Minister Justin Trudeau today.
1:47.1	On Saturday, the president announced new taxes on almost everything imported from the country's
1:52.8	three biggest trading partners, 10% for China, and 25% for Canada and Mexico.
	...

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