The Effect Of Tariffs On Small Businesses

President Donald Trump promised tariffs on the campaign trail. Those tariffs are here – but how much of them, where, and on who, has changed a few times.Here's where things stand right now: President Trump rolled tariff rates back to a baseline ten percent for most countries, but raised the tariffs on China to 145 percent. Global trading markets plunged due to a series of rapid shifts in trade policy. We discuss how these policies affect small businesses, many of which have to rely on goods that come from other countries. Want to support 1A? Give to your local public radio station and subscribe to this podcast. Have questions? Connect with us. Listen to 1A sponsor-free by signing up for 1A+ at plus.npr.org/the1a. See pcm.adswizz.com for information about our collection and use of personal data for sponsorship and to manage your podcast sponsorship preferences.NPR Privacy Policy