

Trump's new tariffs set to take effect this week, but much is uncertain
51 snips Aug 4, 2025
In this discussion, Scott Horsley, NPR's Chief Economics Correspondent, delves into the upcoming implementation of tariffs, including a striking 35% fee on Canadian goods. He analyzes the scant pushback from congressional Republicans despite concerns over job growth. The conversation takes a serious turn as they address Trump's dismissal of the Bureau of Labor Statistics head and its potential threat to economic credibility. Finally, they shed light on how these changes could disrupt public trust in economic indicators amid a politically charged climate.
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Tariffs Impact US Economy
- Trump's tariffs, now averaging around 18%, have significantly increased import costs in the US.
- Early economic signals show slower growth, rising inflation, and weaker job gains linked to these tariffs.
Republican Hesitance on Tariffs
- Many Republicans dislike Trump's tariffs but refrain from opposing him publicly.
- Fear of political retaliation and Trump’s hold on the party limits GOP dissent.
Firing BLS Head Undermines Trust
- The Bureau of Labor Statistics (BLS) provides trusted, apolitical economic data including jobs and inflation.
- Firing the BLS head undermines confidence in economic reporting and politicizes vital statistics.