White Home press secretary Karoline Leavitt holds up a duplicate of a letter to Japan, signed by U.S. President Donald Trump, asserting 25% tariffs starting on August 1st.
Andrew Harnik/Getty Pictures
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Andrew Harnik/Getty Pictures
White Home press secretary Karoline Leavitt holds up a duplicate of a letter to Japan, signed by U.S. President Donald Trump, asserting 25% tariffs starting on August 1st.
Andrew Harnik/Getty Pictures
It has been over three months since President Trump introduced very huge across-the-board tariffs on imports from almost each territory on Earth–together with uninhabited islands. It is a transfer he mentioned would revitalize the U.S. financial system.
Since that splashy White Home announcement, the tariff charges have been a wildly shifting goal. Ratcheted up – then again down – on China, particularly.
Overlaid with world product-specific tariffs on classes like cars and copper. Partially paused after the inventory market tanked.
Via all of it, the tariff fee has remained at or well-above 10 p.c on almost each good imported to the U.S.
And if you happen to’ve listened to NPR’s reporting since April, you will have heard many voices make one specific prediction again and again – that American shoppers can pay the worth.
If American shoppers are going to pay for the tariffs, the query is: when ?
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This episode was produced by Erika Ryan and Connor Donevan, with audio engineering by Ted Mebane.
It was edited by Rafael Nam and Courtney Dorning.
Our govt producer is Sami Yenigun.
