Up First from NPR Trump Pauses Tariffs, Businesses Welcome Relief, Trump Targets Former Officials
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Apr 10, 2025 President Trump pauses nearly all new tariffs for 90 days, offering relief to businesses amid economic uncertainty. This sudden shift in trade policy brings both immediate market reactions and long-term implications for industries and investors. Additionally, a new executive order targets former officials from his administration, raising concerns about political retribution. The podcast dives into the fallout surrounding these changes and the ongoing tensions within the government, highlighting the complexities of navigating a turbulent political landscape.
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Tariff Pause and China
- Trump paused some new tariffs for 90 days after markets plunged.
- He kept tariffs on China, raising them to 125%, calling it punishment for their retaliatory tariffs.
Business Uncertainty
- Businesses struggle with uncertainty amidst the trade war's fluctuations.
- Cheese importer Philip Marfugi prefers zero tariffs, letting consumers choose products.
Tariff Impact on Businesses
- Bonnie Ross, a clothing importer, faces unpredictable tariff increases on Chinese goods.
- The constant changes make business planning nearly impossible due to uncertainty.