meta_pixel
Tapesearch Logo
Log in
Marketplace All-in-One

What Trump's tariffs are doing to global trade

Marketplace All-in-One

Marketplace

News, Business

4.51.4K Ratings

🗓️ 8 October 2025

⏱️ 7 minutes

🧾️ Download transcript

Summary

Just two months ago, the World Trade Organization predicted global trade would grow by nearly 2% next year. Now, it’s revised that forecast down to just 0.5% as the impact of the Trump administration’s sweeping tariffs sinks in. We'll hear what's been propping up trade so far and what's on the road ahead. Then, "Marketplace Tech" shares tips for spotting job scams. And later, we'll hear how other countries' "gold card" visa programs fared.

Transcript

Click on a timestamp to play from that location

0:00.0

Coming up the gears of global trade.

0:05.7

From Marketplace, I'm Sabri Beneshore, in for David Bruncaccio.

0:09.6

Global trade growth will slow down next year as the impact of the Trump administration's sweeping tariffs sinks in.

0:16.9

That is the prediction of the World Trade Organization in a new report.

0:20.2

Marketplace's Henry Ep has more.

0:21.9

Just two months ago, the WTO predicted global trade would grow by nearly 2% next year. Now it's revised that forecast down to just half a percent.

0:31.2

The organization expects that the Trump administration's widespread import taxes implemented in August will really start to bite in 2026, as companies run

0:40.2

through their stockpiles of goods built up this year. That stockpiling, mostly in the first half of

0:45.6

2025, is part of the reason why the WTO says global trade has actually held up better than it

0:51.5

expected so far, a better inflation picture across the globe

0:55.1

and increased trade between so-called emerging economies in Asia, Africa, and Latin America helped

1:02.1

too. Global trade has also been propped up by a surge in AI-related purchases,

1:07.1

semiconductors, servers, and telecom equipment. Trade of those products has grown 20% compared

1:12.6

to last year. AI could continue to be a tailwind next year, even as trade of other goods and

1:18.4

services slows. I'm Henry App for Marketplace. Maybe you've gotten a scammy text or two or

1:25.0

10, offering an amazing job opportunity, work from home, great pay,

1:28.7

flexible hours, while the number of scams involving job postings and offers nearly

1:34.1

tripled between 2020 and 2024, that's according to the Federal Trade Commission, that

1:39.0

translates to more than $500 million in reported losses. And the scams aren't even all done via text. You can find them on

1:45.7

legitimate job posting boards, too. Some are easy to catch, but some are really sophisticated,

1:51.1

impersonating real companies. So how do you spot them? Over at Marketplace Tech, they ask for some tips

1:57.0

from Mark Anthony Dyson, he's author of the Job Scam Report newsletter.

...

Please login to see the full transcript.

Disclaimer: The podcast and artwork embedded on this page are from Marketplace, and are the property of its owner and not affiliated with or endorsed by Tapesearch.

Generated transcripts are the property of Marketplace and are distributed freely under the Fair Use doctrine. Transcripts generated by Tapesearch are not guaranteed to be accurate.

Copyright © Tapesearch 2026.