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May 15, 2025
Curious about high tariffs on Chinese goods? The hosts explore how they affect consumers and businesses alike in today’s economy. Local governments are facing financial hurdles with potential funding cuts, impacting essential services. Tune in for insights on how these developments could influence the Federal Reserve's decisions. Plus, get a sneak peek at an exciting upcoming live event, all served up with a dash of humor!
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Tariff impact remains high
- The 30% tariff on China remains high and still affects consumer prices significantly.
- Cutting from 145% to 30% reduces impact by 40%, but uncertainty continues to hurt business investment.
Personal Spending Changes Amid Uncertainty
- Kai Ryssdal shares how his wife controls their family spending and influences his purchases.
- Kimberly Adams mentions reducing discretionary spending like dining out and ride-shares due to economic uncertainty.
Local Governments Face Budget Squeeze
- State and local governments face funding risks from federal budget cuts and tariffs.
- They may need to raise local taxes or reduce services due to squeezed budgets and higher costs from tariffs.