The Indicator from Planet Money Tariffied! We check in on businesses
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Apr 7, 2025 The podcast dives into the far-reaching implications of recent tariff increases imposed by Trump. Business owners share their struggles, revealing the emotional toll and anxiety brought on by unpredictable trade policies. It explores the challenging shift to alternative production countries like Vietnam and the impact on sourcing strategies. Small businesses, particularly in apparel, face disruptions due to removed tax exemptions. The discussion highlights significant concerns surrounding supply chain decisions and the viability of American companies amid these changes.
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Bog Bag's Tariff Trouble
- Kimberly Vaccarella, CEO of Bog Bag, faces tariff challenges.
- New tariffs on Vietnam disrupt her plans to move production out of China.
Woof's Tariff Woes
- Daniel Harberger of Woof diversified his supply chain to avoid tariffs.
- The new Vietnam tariffs disrupt his plans and force further diversification.
De Minimis Impact
- Trump's targeting of de minimis goods will impact U.S. businesses sourcing from China.
- Many businesses in a Swap Commerce survey considered moving supply chains to the U.S. due to tariffs.