Marketplace All-in-One The tea on tariffs
Jul 15, 2025
Recent tariff threats are reshaping the economic landscape, with small businesses caught in the crossfire. A Virginia tea shop owner's struggles with rising import taxes reveal the unique challenges faced by local enterprises. Meanwhile, inflation concerns mount as consumer prices soar. From across the pond, a family business shares insights on navigating an aging economy. Their tales of resilience offer a glimpse into the evolving dynamics of work and commerce in today's world.
AI Snips
Chapters
Transcript
Episode notes
Tariffs Slowly Impact Prices
- Tariffs phase in over time and don't immediately affect prices until stocks run out and new orders are made.
- The full economic impact of tariffs can take one to two years to be reflected in price data.
Tariffs Threaten Growth More
- Tariffs mainly increase goods prices but goods are a small part of overall spending.
- The bigger risk of tariffs lies in slowing U.S. economic growth and labor market consequences.
Tea Shop Owner Battles Tariffs
- Tea shop owner Rachel Rosner faces about a 27% tariff on Chinese tea imports, forcing her to avoid middlemen by buying wholesale directly.
- She's advocating with other businesses to get tariffs on tea reduced to zero, warning about price increases if tariffs rise above 30%.