This episode explores the widespread economic ramifications of President Trump's newly implemented tariffs on nearly all imported goods. Against the backdrop of the midnight tariff deadline, the podcast features interviews with NPR business correspondents who analyze the stock market's negative reaction and the concerns of both large and small businesses. More significantly, the impact on small businesses is highlighted through anecdotes of retailers struggling with increased costs and the inability to find comparable domestic suppliers. For instance, one small business owner recounts having to find an extra $15,000 to cover increased tariffs on a recent shipment. The discussion pivots to the broader economic consequences, including higher prices, slower growth, and potential job losses, contrasting the current situation with the relatively healthy economy Trump inherited. Finally, the episode touches upon the political context surrounding the firings of several National Security Council staffers, potentially linked to a meeting between President Trump and a far-right activist.
