Why we might not see tariffs in overall inflation numbers
Marketplace All-in-One
Marketplace
4.5 • 1.4K Ratings
🗓️ 14 July 2025
⏱️ 8 minutes
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Summary
This week, we get a few snapshots of what inflation is doing. Everyone wants to know when tariffs will start showing up in the overall data, because they mostly haven't yet, partly due to the Federal Reserve's tight monetary policy. But that doesn't mean tariffs aren't affecting the economy. We'll discuss. Also: how Europe is trying to keep U.S. trade tensions from boiling over, and where copper imports are being diverted ahead of looming tariffs.
Transcript
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| 0:00.0 | Hey, if you're listening to this, I will assume you're at least interested in money, understanding the economy and finances as well. |
| 0:07.0 | And some of us now want to get the next generation interested as well. |
| 0:10.6 | So check out Million Bazillion, Marketplace's award-winning kids podcast that breaks down money to help dollars make more sense. |
| 0:17.1 | Tune into Million Bazillion wherever you find your favorite podcast. |
| 0:20.0 | A whole new season is out now. |
| 0:22.4 | Million Billion is presented in partnership with Greenlight, the debit card and money app for kids and teens. |
| 0:27.0 | Greenlight helps kids and teens learn to earn, save, spend wisely, and invest. |
| 0:31.5 | When you sign up for a Greenlight account at greenlight.com slash million. |
| 0:37.0 | How Europe is trying to keep trade tensions with the U.S. from fully boiling over from Marketplace. |
| 0:44.1 | I'm Sabri Benishore, in for David Brancaccio. |
| 0:46.5 | The European Union has decided to delay retaliatory tariffs that were set to take effect |
| 0:51.6 | today. |
| 0:52.5 | The EU is hoping to reach a trade deal with the U.S. |
| 0:54.9 | Even as President Trump ratcheted up the pressure over the weekend, Marketplaces Nancy Marshall |
| 0:59.2 | Gensar has more. President Trump sent the EU a letter over the weekend, threatening to impose |
| 1:04.5 | 30 percent tariffs on European exports to the U.S. starting August 1st. The president said if Europe retaliated, the U.S. |
| 1:12.8 | would raise its tariffs on the EU by the same amount. Brussels did have countermeasures ready to go, |
| 1:19.1 | but decided to delay them. Italy's foreign minister says the EU has prepared a list to propose |
| 1:24.4 | tariffs on U.S. products worth about $24 billion. Europe now says they |
| 1:29.6 | could go into effect on August 1st, among the U.S. exports that could be tariffed, agricultural |
| 1:35.2 | products, steel and aluminum products, clothing, and shoes. A split is developing among EU members |
| 1:41.4 | about whether to retaliate. The head of the bloc's international trade |
... |
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