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Tariffs, TikTok and Trump
Apr 3, 2025
Cat Zakrzewski, a White House reporter for the Washington Post and tech specialist, dives deep into crucial issues around tariffs and TikTok. She reveals how Trump's tariffs are driving up consumer prices across essential sectors and reshaping corporate strategies amid market anxiety. The discussion highlights the geopolitical ramifications of these tariffs on international relations. Zakrzewski also sheds light on time-sensitive negotiations surrounding TikTok's potential sale, showcasing the intersection of technology, national security, and politics.
29:49
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Quick takeaways
- President Trump's new tariffs are projected to significantly raise consumer prices, affecting essential goods like clothing, food, and vehicles.
- Congress is grappling with the implications of tariffs, with attempts to regain legislative control and concerns about backlash from affected constituents.
Deep dives
Impact of Tariffs on Consumer Prices
The announcement of new tariffs by President Trump is expected to significantly increase consumer prices across various sectors. Research from the Yale Budget Lab indicates that clothing and textiles will face a disproportionate rise of about 1.3%, while food prices, notably fresh produce, are projected to increase between 2.2% and 4%. Additionally, the cost of motor vehicles may rise about 8.4%, translating to an approximate $4,000 increase on an average new car. This broad range of affected goods highlights the tangible impact of tariffs on everyday consumers, underscoring that the burden ultimately falls on the public, not just importers.
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