Marketplace All-in-One The consequences of tariff uncertainty
Jul 7, 2025
Kristen Schwab, a dedicated reporter for Marketplace, delves into the intricate web of U.S. trade policies and tariffs. She discusses how ongoing uncertainty is affecting businesses, with retailers struggling to maintain profitability. Consumer spending is also at risk, as worries about tariffs linger. Plus, Schwab highlights the challenges in the job market amid fluctuating trade dynamics, and shares inspiring recovery stories from small business owners in Altadena, showcasing resilience against adversity in the face of economic pressures.
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Deerstags' Tariff Impact
- Rick Muscat from Deerstags halted a $1 million shipment due to sudden tariff hikes, causing lost sales and financial strain.
- He delayed investments and cut marketing spending to preserve cash amid tariff uncertainty.
Tariff Uncertainty Stalls Economy
- Prolonged tariff uncertainty causes businesses to delay investments, leading to less hiring and construction.
- Delayed investment often turns into cancelled investment, shrinking economic growth.
Retail Sales Drop Amid Trade Worries
- Nicole Panateri faced a 20% sales drop in June, unprecedented in 11 years, causing staffing and store closure considerations.
- Consumer caution amid trade worries forces small business contractions.