White Home press secretary Karoline Leavitt holds up a replica of a letter to Japan, signed by U.S. President Donald Trump, saying 25% tariffs starting on August 1st.
Andrew Harnik/Getty Photos
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Andrew Harnik/Getty Photos
White Home press secretary Karoline Leavitt holds up a replica of a letter to Japan, signed by U.S. President Donald Trump, saying 25% tariffs starting on August 1st.
Andrew Harnik/Getty Photos
It has been over three months since President Trump introduced very huge across-the-board tariffs on imports from practically each territory on Earth–together with uninhabited islands. It is a transfer he stated would revitalize the U.S. financial system.
Since that splashy White Home announcement, the tariff charges have been a wildly transferring goal. Ratcheted up – then again down – on China, particularly.
Overlaid with international 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 practically each good imported to the U.S.
And should you’ve listened to NPR’s reporting since April, you will have heard many voices make one explicit prediction time and again – that American shoppers can pay the value.
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 government producer is Sami Yenigun.
