Apple News Today Everything is about to get more expensive. Here’s what to know.
18 snips
Feb 3, 2025 Concerns about a looming trade war could lead to higher prices for everyday items. Safety in the skies is reexamined following a tragic incident, with insights into commercial aviation's reliability. Political shifts are underway as the Democratic Party selects a new chair focused on working-class issues. The NBA landscape shifts dramatically with a surprise trade, while the Grammy Awards spotlight remarkable winners and their charitable acts. Exciting developments in both politics and entertainment keep listeners on the edge of their seats!
AI Snips
Chapters
Transcript
Episode notes
Trade War & Tariffs
- President Trump's proposed tariffs target goods from Canada, Mexico, and China.
- These tariffs are expected to increase prices for American consumers and potentially spark a trade war.
Impact on Auto Industry and Consumers
- Canadian Prime Minister Justin Trudeau warned that tariffs on Canadian goods will hurt American consumers and jobs.
- An auto shop worker noted potential price increases for services like oil changes due to more expensive car parts.
Tariffs as Taxes and Canadian Concerns
- Tariffs are essentially taxes paid by American companies importing goods, and the cost is passed on to consumers.
- Canada, a major U.S. trading partner, expressed concern over the tariffs and their potential negative impact on both economies.