White Home press secretary Karoline Leavitt holds up a duplicate of a letter to Japan, signed by U.S. President Donald Trump, saying 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, saying 25% tariffs starting on August 1st.
Andrew Harnik/Getty Pictures
It has been over three months since President Trump introduced very large 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. economic 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 vehicles and copper. Partially paused after the inventory market tanked.
By means of all of it, the tariff price has remained at or well-above 10 % on practically 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 time and again – that American customers pays the worth.
If American customers 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.
