Ari Shapiro

The reciprocal tariffs, as Trump calls them, clicked into place at midnight. Be cool, he posted Wednesday morning on social media. Eventually, the chaos in the markets got so extreme that on Wednesday afternoon, Trump announced that he was resetting the most extreme tariffs to a much lower 10 percent across the board for 90 days, with the exception of China, which he bumped up to 125 percent.

And tariffs on cars, steel and aluminum will stay in place. White House Press Secretary Caroline Leavitt suggested that the tariffs were a negotiating tactic all along.

And tariffs on cars, steel and aluminum will stay in place. White House Press Secretary Caroline Leavitt suggested that the tariffs were a negotiating tactic all along.

And tariffs on cars, steel and aluminum will stay in place. White House Press Secretary Caroline Leavitt suggested that the tariffs were a negotiating tactic all along.

So as of this writing, we are still looking at a set of tariffs that are much larger than the U.S. has seen in decades. Which means when it comes to those two promises, lower prices and higher tariffs, tariffs appear to be winning out. Consider this. A whole lot of stuff is about to get more expensive. We'll take a deep dive into the shopping cart. From NPR, I'm Ari Shapiro.

So as of this writing, we are still looking at a set of tariffs that are much larger than the U.S. has seen in decades. Which means when it comes to those two promises, lower prices and higher tariffs, tariffs appear to be winning out. Consider this. A whole lot of stuff is about to get more expensive. We'll take a deep dive into the shopping cart. From NPR, I'm Ari Shapiro.

So as of this writing, we are still looking at a set of tariffs that are much larger than the U.S. has seen in decades. Which means when it comes to those two promises, lower prices and higher tariffs, tariffs appear to be winning out. Consider this. A whole lot of stuff is about to get more expensive. We'll take a deep dive into the shopping cart. From NPR, I'm Ari Shapiro.

It's Consider This from NPR. The economy likes predictability, and the tariffs this week have been wildly unpredictable. We know that they're going to impact the economy, even if we can't say exactly how. So we're going to do our best looking today at how prices will change for consumers. Tomorrow, we'll talk about the impact on businesses.

It's Consider This from NPR. The economy likes predictability, and the tariffs this week have been wildly unpredictable. We know that they're going to impact the economy, even if we can't say exactly how. So we're going to do our best looking today at how prices will change for consumers. Tomorrow, we'll talk about the impact on businesses.

It's Consider This from NPR. The economy likes predictability, and the tariffs this week have been wildly unpredictable. We know that they're going to impact the economy, even if we can't say exactly how. So we're going to do our best looking today at how prices will change for consumers. Tomorrow, we'll talk about the impact on businesses.

The budget lab at Yale University has been trying to calculate exactly how much more things are likely to cost. I took a virtual shopping trip with Martha Gimbel, the lab's executive director and co-founder. And as you'll hear, we talked before Trump's maybe temporary, maybe permanent about face today.

The budget lab at Yale University has been trying to calculate exactly how much more things are likely to cost. I took a virtual shopping trip with Martha Gimbel, the lab's executive director and co-founder. And as you'll hear, we talked before Trump's maybe temporary, maybe permanent about face today.

The budget lab at Yale University has been trying to calculate exactly how much more things are likely to cost. I took a virtual shopping trip with Martha Gimbel, the lab's executive director and co-founder. And as you'll hear, we talked before Trump's maybe temporary, maybe permanent about face today.

Okay, let's imagine we have parked our car, we have grabbed the shopping cart, and we are rolling into the big box store, whether that is Target or Walmart or Costco, take your pick. Let's head first to the clothing section. I want to buy a plain white t-shirt. How much more is that likely to cost?

Okay, let's imagine we have parked our car, we have grabbed the shopping cart, and we are rolling into the big box store, whether that is Target or Walmart or Costco, take your pick. Let's head first to the clothing section. I want to buy a plain white t-shirt. How much more is that likely to cost?

Okay, let's imagine we have parked our car, we have grabbed the shopping cart, and we are rolling into the big box store, whether that is Target or Walmart or Costco, take your pick. Let's head first to the clothing section. I want to buy a plain white t-shirt. How much more is that likely to cost?

Wow. Why so much?

Wow. Why so much?

Wow. Why so much?

Sure, clearly.