What uncertainty means for back-to-school shopping
Marketplace All-in-One
Marketplace
4.5 • 1.4K Ratings
🗓️ 11 July 2025
⏱️ 9 minutes
🧾️ Download transcript
Summary
Back-to-school shopping already? We’re only about halfway through July, but for retailers — and some very organized parents — the back-to-school shopping season is already underway. Thing is, the sales forecast isn't looking so good. We'll hear more. A new survey from Deloitte says school shopping spending is expected to dip this year, when adjusting for inflation. Plus, President Donald Trump threatens new tariffs against Canada, and banks grow more cautious about making new loans.
Transcript
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| 0:54.4 | everything secure. Another day, another tariff for a marketplace. I'm Sabri Beneshaw, in for |
| 1:02.8 | David Brancaccio. President Trump signaled the baseline import tax on goods for most countries |
| 1:08.0 | could be higher than the 10% that's been in place the last few months, |
| 1:11.2 | could be as high as 15 or 20%. |
| 1:13.2 | He also threatened new tariffs against Canada starting next month. Marketplace's Nancy Marshall-Genser has more. |
| 1:19.5 | Trump announced this latest tariff threat in a post on social media last night. |
| 1:23.8 | He said the U.S. would charge a 35 percent tax on imports from Canada starting |
| 1:29.0 | August 1st. But Trump also said if Canada works with the U.S. to stop the flow of fentanyl, |
| 1:35.4 | his administration might consider a tariff adjustment. It appears there will be an exception |
| 1:40.5 | for Canadian products that comply with the U.S.-Mexico-Canada agreement, which was negotiated |
| 1:46.2 | during Trump's first term, and Reuters is reporting that U.S. tariffs on Canadian energy and fertilizer |
| 1:52.5 | will stay at 10 percent, although President Trump hasn't made a final decision on that. |
| 1:57.8 | In the letter, Trump says he would add the amount of any retaliatory |
| 2:01.8 | tariffs from Canada to the U.S. import tax. In his own social media post, Canadian Prime Minister |
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