Juana Summers

He told NPR that if all of Trump's tariffs stay in effect...

He told NPR that if all of Trump's tariffs stay in effect...

He told NPR that if all of Trump's tariffs stay in effect...

Treasury Secretary Scott Bassett said on CBS News' Face the Nation that those fears were alarmist.

Treasury Secretary Scott Bassett said on CBS News' Face the Nation that those fears were alarmist.

Treasury Secretary Scott Bassett said on CBS News' Face the Nation that those fears were alarmist.

But Zandi says it's not just the tariffs themselves that are the problem, it's the uncertainty created by Trump's rollout. So just to recap, Trump threatened 25% tariffs on Canada and Mexico would start in February. They were paused at the 11th hour only to eventually go into effect this week.

But Zandi says it's not just the tariffs themselves that are the problem, it's the uncertainty created by Trump's rollout. So just to recap, Trump threatened 25% tariffs on Canada and Mexico would start in February. They were paused at the 11th hour only to eventually go into effect this week.

But Zandi says it's not just the tariffs themselves that are the problem, it's the uncertainty created by Trump's rollout. So just to recap, Trump threatened 25% tariffs on Canada and Mexico would start in February. They were paused at the 11th hour only to eventually go into effect this week.

And then on Thursday, Trump announced the new tariffs would be paused for most products, but potentially only until April 2nd. Meanwhile, tariffs on China snapped into place in February and then doubled to 20%. What happens next is anyone's guess. And Zandi says that is bad for business.

And then on Thursday, Trump announced the new tariffs would be paused for most products, but potentially only until April 2nd. Meanwhile, tariffs on China snapped into place in February and then doubled to 20%. What happens next is anyone's guess. And Zandi says that is bad for business.

And then on Thursday, Trump announced the new tariffs would be paused for most products, but potentially only until April 2nd. Meanwhile, tariffs on China snapped into place in February and then doubled to 20%. What happens next is anyone's guess. And Zandi says that is bad for business.

And that is exactly where Randy Carr finds himself. He runs a business based in Florida that makes embroidered patches, you know, like you'd see on a uniform or a baseball cap.

And that is exactly where Randy Carr finds himself. He runs a business based in Florida that makes embroidered patches, you know, like you'd see on a uniform or a baseball cap.

And that is exactly where Randy Carr finds himself. He runs a business based in Florida that makes embroidered patches, you know, like you'd see on a uniform or a baseball cap.

He has factories in the U.S., but a lot of his work is done in Mexico. He expects the 25% tariff to eat into his budget, which means he's postponed a planned investment in new equipment at his American factories.

He has factories in the U.S., but a lot of his work is done in Mexico. He expects the 25% tariff to eat into his budget, which means he's postponed a planned investment in new equipment at his American factories.

He has factories in the U.S., but a lot of his work is done in Mexico. He expects the 25% tariff to eat into his budget, which means he's postponed a planned investment in new equipment at his American factories.

And that is another cost of the continually evolving tariffs. Car's time.

And that is another cost of the continually evolving tariffs. Car's time.