Who pays for tariffs?
Marketplace All-in-One
Marketplace
4.5 • 1.4K Ratings
🗓️ 15 September 2025
⏱️ 9 minutes
🧾️ Download transcript
Summary
The import price index, which keeps track of the price of imports before tariffs are applied, comes out tomorrow. You can tell by looking at it who exactly is paying for tariffs. Prices in certain categories have fallen in recent months — a sign that some foreign exporters are trying to offset the cost of tariffs. But first: The U.S. and China are talking trade, and consumers continue to spend despite economic anxieties.
Transcript
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| 0:00.0 | Hello, listeners. Marketplace's Webby-winning Kids podcast, Million Bazillion, is back for an all-new season. |
| 0:07.2 | Hosts Bridget and Ryan are answering a whole new set of kid questions about everything from royalties and franchises to why the heck we have a $2 bill. |
| 0:17.0 | Even grownups might learn a thing or two. |
| 0:19.6 | Million Bazillion is presented in partnership with Greenlight, the debit card and money app for kids and teens. |
| 0:25.7 | Give your family the tools to manage money wisely with Greenlight. |
| 0:29.5 | Learn more at greenlight.com slash million. |
| 0:33.0 | And tune in to Million Bazillion wherever you find your favorite podcasts. |
| 0:38.7 | The U.S. and China are talking trade. |
| 0:42.8 | From Marketplace, I'm Sabri Benes-Shore, in for David Brancaccio. |
| 0:46.3 | U.S. and Chinese trade negotiators have begun a second day of talks today in Madrid. |
| 0:52.6 | Tariffs, obviously, are on the agenda, and so is the fate of TikTok, |
| 0:56.3 | as Marketplaces Nancy Marshall-Genzor reports. |
| 0:59.0 | Treasury Secretary Scott Besant and U.S. Trade Representative Jameson Greer are leading |
| 1:03.6 | the American delegation to the talks. In his statement, the Treasury Department says |
| 1:08.0 | they'll discuss key national security, economic, and trade issues of mutual interest, including TikTok. |
| 1:15.1 | TikTok faces a deadline this week to find a new owner that's not Chinese or be banned in the U.S. |
| 1:20.9 | The latest tariff truce between Washington and Beijing expires in November. |
| 1:26.1 | Besides tariffs, the two sides are expected to talk about |
| 1:28.9 | shipments of rare earths from China and Chinese purchases of U.S. agricultural products. They could also |
| 1:35.3 | lay the groundwork for a meeting between President Trump and Chinese leader Xi Jinping, possibly next |
| 1:41.4 | month at the Asia-Pacific Economic Cooperation Forum in South Korea. |
| 1:46.1 | I'm Nancy Marshall Genser for Marketplace. |
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