Tariffs: What They Are, Who Really Pays and Soya Beans!

Tariffs – trade wars, price rises, and why soyabeans have somehow become politically important.Mik opens with Trump’s tariff plans and how one policy decision can ripple through global trade faster than you can say “supply chain”. Yes, we really are talking about crops, cargo ships, and economics in the same breath.Connie and Mik get into what a tariff actually is. Not just a tax on imports, but who really pays it, how it moves through businesses, and why it can quietly show up in everyday prices long before anyone notices.They chat through how tariffs affect the supply chain, what it could mean for the wider economy, what it might mean for us here in the UK, and what has already happened in markets as trade tensions have escalated.If you have ever heard the phrase trade war and thought “that sounds dramatic” without knowing why - this episode breaks it down simply, practically, and very normal-person friendly.For education and entertainment only. Not financial advice.