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Kimberly Adams

πŸ‘€ Speaker
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2946 total appearances
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Podcast Appearances

Marketplace All-in-One
Kai returns to unpack Trump's new tariff

So some of these costs are non-refundable.

Marketplace All-in-One
Kai returns to unpack Trump's new tariff

That money is gone.

Marketplace All-in-One
Kai returns to unpack Trump's new tariff

That money is gone.

Marketplace All-in-One
Kai returns to unpack Trump's new tariff

On the other hand, from a consumer perspective, I ordered a whole bunch of tea from this place that I really, really like in Sri Lanka, right?

Marketplace All-in-One
Kai returns to unpack Trump's new tariff

And then...

Marketplace All-in-One
Kai returns to unpack Trump's new tariff

Yes, it is.

Marketplace All-in-One
Kai returns to unpack Trump's new tariff

But then a couple of weeks after I get my tea, I get a bill from FedEx for the tariff on my tea.

Marketplace All-in-One
Kai returns to unpack Trump's new tariff

And there's a little form and everything and document.

Marketplace All-in-One
Kai returns to unpack Trump's new tariff

So I could, in a world, say to FedEx, okay, this was illegal.

Marketplace All-in-One
Kai returns to unpack Trump's new tariff

Now I want my money back and here's the paper trail for it, right?

Marketplace All-in-One
Kai returns to unpack Trump's new tariff

So there is a consumer route to getting the money back there, even assuming they would.

Marketplace All-in-One
Kai returns to unpack Trump's new tariff

Sadly not in this world.

Marketplace All-in-One
Kai returns to unpack Trump's new tariff

In a world, yes.

Marketplace All-in-One
Kai returns to unpack Trump's new tariff

But circling back to your point of companies being unlikely to pass that on, because what companies are probably going to say is the associated costs are more than enough to be like, we got to keep all this money.

Marketplace All-in-One
Kai returns to unpack Trump's new tariff

All right.

Marketplace All-in-One
Kai returns to unpack Trump's new tariff

So-

Marketplace All-in-One
Kai returns to unpack Trump's new tariff

As Trump laid out in that, you know, White House press briefing that you were talking about, in other words, Trump obviously had other tariff options ready to go.

Marketplace All-in-One
Kai returns to unpack Trump's new tariff

He announced a new global tariff after the decision came down 10% at first, 15% later.

Marketplace All-in-One
Kai returns to unpack Trump's new tariff

Walk us through what's happened, how that works.

Marketplace All-in-One
Kai returns to unpack Trump's new tariff

That's what I was going to ask.