Planet Money The 145% tariff already did its damage
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May 16, 2025 
Cara Dyer, a mechanical engineer and owner of Storytime Toys, shares her experience with the 145% tariff on Chinese imports. Although short-lived, this tariff wreaked havoc on many businesses, especially for those like hers who had goods stuck in transit. Cara discusses the staggering financial implications, including the challenges of sourcing materials domestically and navigating a chaotic supply chain. The episode paints a vivid picture of how sudden trade changes can leave long-lasting scars on the economy and everyday lives.
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Tariffs Impact on Port Jobs
- The port of Los Angeles saw a massive drop in shipping volume due to the tariff.
- Fewer ships mean tens of thousands fewer jobs linked to imports from China.
High Tariffs Push Sourcing Shift
- Even after tariff reduction to 30%, importers may seek alternatives due to remaining high costs.
- Shipping volume recovery will take weeks to months, delaying economic rebound.
Tariff Shock on Small Business
- Cara Dyer faced a $45,000 tariff on a $30,000 shipment due to the sudden 145% tariff.
- She had no control as the shipment left China right as tariffs escalated unexpectedly.