Scott Simon

Well, think about it. A huge number of U.S. businesses rely on factories in China. And when those triple-digit tariffs took effect last month, it was like pinching off a garden hose. Now the hose is partially unkinked, and there's a lot of pent-up pressure. Bonnie Ross is a clothing importer who works with a lot of discount chains.

Well, think about it. A huge number of U.S. businesses rely on factories in China. And when those triple-digit tariffs took effect last month, it was like pinching off a garden hose. Now the hose is partially unkinked, and there's a lot of pent-up pressure. Bonnie Ross is a clothing importer who works with a lot of discount chains.

Well, think about it. A huge number of U.S. businesses rely on factories in China. And when those triple-digit tariffs took effect last month, it was like pinching off a garden hose. Now the hose is partially unkinked, and there's a lot of pent-up pressure. Bonnie Ross is a clothing importer who works with a lot of discount chains.

She says they're all going to be rushing to bring in merchandise, but the capacity of the hose, you know, the factories, the cargo ships, the ports, is still limited.

She says they're all going to be rushing to bring in merchandise, but the capacity of the hose, you know, the factories, the cargo ships, the ports, is still limited.

She says they're all going to be rushing to bring in merchandise, but the capacity of the hose, you know, the factories, the cargo ships, the ports, is still limited.

Shipping costs could certainly go up, and that's on top of the remaining tariffs, which are still 30%. Ross thinks those costs will be shared by factories, retailers, and in the end, yes, consumers. Forecasters at the Yale Budget Lab say the economic damage from these lower tariffs will be less, but they're still projecting the U.S.

Shipping costs could certainly go up, and that's on top of the remaining tariffs, which are still 30%. Ross thinks those costs will be shared by factories, retailers, and in the end, yes, consumers. Forecasters at the Yale Budget Lab say the economic damage from these lower tariffs will be less, but they're still projecting the U.S.

Shipping costs could certainly go up, and that's on top of the remaining tariffs, which are still 30%. Ross thinks those costs will be shared by factories, retailers, and in the end, yes, consumers. Forecasters at the Yale Budget Lab say the economic damage from these lower tariffs will be less, but they're still projecting the U.S.

will have higher inflation and slower growth than it would have without this trade war.

will have higher inflation and slower growth than it would have without this trade war.

will have higher inflation and slower growth than it would have without this trade war.

Yeah, I think the market reaction suggests this was a bigger drop in tariffs than investors had been expecting. And that's just another sign of how unpredictable the tariff landscape is under the Trump administration. Import taxes can go up or down or sideways, and businesses and consumers just have to try to make the best of it.

Yeah, I think the market reaction suggests this was a bigger drop in tariffs than investors had been expecting. And that's just another sign of how unpredictable the tariff landscape is under the Trump administration. Import taxes can go up or down or sideways, and businesses and consumers just have to try to make the best of it.

Yeah, I think the market reaction suggests this was a bigger drop in tariffs than investors had been expecting. And that's just another sign of how unpredictable the tariff landscape is under the Trump administration. Import taxes can go up or down or sideways, and businesses and consumers just have to try to make the best of it.

That uncertainty about future tariffs also makes it hard to decide, is it worth moving a factory out of China or running the expense of building a plant in the U.S.? Board game maker Jonathan Silva says no matter what happens to tariffs, he is going to explore those options. He doesn't want the risk anymore of having all his production in China.

That uncertainty about future tariffs also makes it hard to decide, is it worth moving a factory out of China or running the expense of building a plant in the U.S.? Board game maker Jonathan Silva says no matter what happens to tariffs, he is going to explore those options. He doesn't want the risk anymore of having all his production in China.

That uncertainty about future tariffs also makes it hard to decide, is it worth moving a factory out of China or running the expense of building a plant in the U.S.? Board game maker Jonathan Silva says no matter what happens to tariffs, he is going to explore those options. He doesn't want the risk anymore of having all his production in China.

Silva is still bracing for difficult months ahead, but at least now he thinks his business can survive this year, which was very much in doubt when the triple-digit tariffs were in place.

Silva is still bracing for difficult months ahead, but at least now he thinks his business can survive this year, which was very much in doubt when the triple-digit tariffs were in place.