Planet Money

The 145% tariff already did its damage


Listen Later

Even though the 145% tariff on Chinese imports only lasted a month, it already inflicted its scars on the economy. Global trade is just not something you can turn off and on like that.

Some companies got really unlucky. Like those whose goods arrived at U.S. ports before the pause. If a medium size company had a million dollars worth of goods imported, they had to pay an extra million and a half dollars on top of that – just for the tariff.

Today we are bringing you a portrait of this unfathomably high tariff. What a month of 145% tariffs looked like and felt like for three people in the global economy whose lives were all affected and still will be. The ones who got lucky and the ones who got really unlucky.

This episode of Planet Money was produced by Emma Peaslee and edited by Jess Jiang. It was engineered by Jimmy Keeley and fact-checked by Willa Rubin. Alex Goldmark is our executive producer.

Check out the live cargo map here.

Find more
Planet Money: Facebook / Instagram / TikTok / Our weekly Newsletter. Listen free at these links: Apple Podcasts, Spotify, the NPR app or anywhere you get podcasts. Help support Planet Money and hear our bonus episodes by subscribing to Planet Money+ in Apple Podcasts or at plus.npr.org/planetmoney.

Music: NPR Source Audio - "Bass Talks," "Bassline Motion," and "What Da Funk"


Learn more about sponsor message choices: podcastchoices.com/adchoices

NPR Privacy Policy
...more
View all episodesView all episodes
Download on the App Store

Planet MoneyBy NPR

  • 4.6
  • 4.6
  • 4.6
  • 4.6
  • 4.6

4.6

29,562 ratings


More shows like Planet Money

View all
This American Life by This American Life

This American Life

90,884 Listeners

Radiolab by WNYC Studios

Radiolab

43,993 Listeners

Freakonomics Radio by Freakonomics Radio + Stitcher

Freakonomics Radio

32,214 Listeners

Hidden Brain by Hidden Brain, Shankar Vedantam

Hidden Brain

43,734 Listeners

The NPR Politics Podcast by NPR

The NPR Politics Podcast

25,877 Listeners

99% Invisible by Roman Mars

99% Invisible

26,247 Listeners

Marketplace by Marketplace

Marketplace

8,783 Listeners

The Daily by The New York Times

The Daily

112,858 Listeners

Up First from NPR by NPR

Up First from NPR

56,917 Listeners

The Indicator from Planet Money by NPR

The Indicator from Planet Money

9,567 Listeners

Throughline by NPR

Throughline

16,376 Listeners

Short Wave by NPR

Short Wave

6,567 Listeners

Consider This from NPR by NPR

Consider This from NPR

6,439 Listeners

People I (Mostly) Admire by Freakonomics Radio + Stitcher

People I (Mostly) Admire

2,070 Listeners

Planet Money Summer School by NPR

Planet Money Summer School

184 Listeners

The Economics of Everyday Things by Freakonomics Network & Zachary Crockett

The Economics of Everyday Things

1,686 Listeners

Planet Money: We Invested in Gold by NPR

Planet Money: We Invested in Gold

2 Listeners

Planet Money: We Set Up a Shell Company by NPR

Planet Money: We Set Up a Shell Company

8 Listeners

Planet Money: We Bought a Toxic Asset by NPR

Planet Money: We Bought a Toxic Asset

2 Listeners