

Duty regime: America’s consumers will foot the tariff bill
79 snips Aug 7, 2025
Rachna Shanbog, business affairs editor at The Economist, and Shishank Joshi, defense editor at The Economist, discuss the lasting impact of Donald Trump’s tariffs, revealing how American consumers will bear their costs. They explore the U.S. Space Command’s readiness for new space conflicts amid rising geopolitical tensions. Additionally, they highlight Gen Z's fascination with personalized reusable water bottles, examining how these items have become trendy symbols influenced by social media. It's a deep dive into economics and culture!
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Tariffs Hurt US Consumers Most
- Trump's tariffs increase US customs revenue but harm American businesses and consumers.
- Ultimately, businesses absorb costs temporarily, but consumers will face higher prices later.
Business Struggles Under Tariff Uncertainty
- Businesses delay changing supply chains due to tariff uncertainty and costs.
- Many seek tariff exemptions, causing waste and inefficiency in the economy.
AI Boom Masks Tariff Impact
- AI boom and investor belief in supply chain adaptation mask tariff impacts.
- Limited market reaction emboldens Trump to continue tariff increases, worsening economic pain.