Scott Simon

Well, people are spending money in large part to avoid Trump's tariffs. A lot of the spending that we saw in March was at auto dealers. Auto sales were up almost 6% last month. And that suggests people were maybe advancing their car purchases to beat the tariffs that took effect at the beginning of April. And with good reason. The Center for Automotive Research says those new import taxes

Well, people are spending money in large part to avoid Trump's tariffs. A lot of the spending that we saw in March was at auto dealers. Auto sales were up almost 6% last month. And that suggests people were maybe advancing their car purchases to beat the tariffs that took effect at the beginning of April. And with good reason. The Center for Automotive Research says those new import taxes

Well, people are spending money in large part to avoid Trump's tariffs. A lot of the spending that we saw in March was at auto dealers. Auto sales were up almost 6% last month. And that suggests people were maybe advancing their car purchases to beat the tariffs that took effect at the beginning of April. And with good reason. The Center for Automotive Research says those new import taxes

will add between $4,000 and $9,000 to the price of a new car. So if you can get in early, they can save some serious money. Even domestic cars typically contain a lot of imported parts, so they're going to get more expensive as well.

will add between $4,000 and $9,000 to the price of a new car. So if you can get in early, they can save some serious money. Even domestic cars typically contain a lot of imported parts, so they're going to get more expensive as well.

will add between $4,000 and $9,000 to the price of a new car. So if you can get in early, they can save some serious money. Even domestic cars typically contain a lot of imported parts, so they're going to get more expensive as well.

Well, you know, if people splurged in March to get ahead of the tariffs, we're likely to see some payback in the months to come with reduced spending. Gene Sirocco heads the Port of Los Angeles, which is one of the busiest container ports in the country. It handles a lot of cargo traffic coming in from Asia. Of course, China's been hit with these triple digit tariffs in the Trump era.

Well, you know, if people splurged in March to get ahead of the tariffs, we're likely to see some payback in the months to come with reduced spending. Gene Sirocco heads the Port of Los Angeles, which is one of the busiest container ports in the country. It handles a lot of cargo traffic coming in from Asia. Of course, China's been hit with these triple digit tariffs in the Trump era.

Well, you know, if people splurged in March to get ahead of the tariffs, we're likely to see some payback in the months to come with reduced spending. Gene Sirocco heads the Port of Los Angeles, which is one of the busiest container ports in the country. It handles a lot of cargo traffic coming in from Asia. Of course, China's been hit with these triple digit tariffs in the Trump era.

And Sirocco is projecting at least a 10 percent drop in incoming cargo in the second half of this year.

And Sirocco is projecting at least a 10 percent drop in incoming cargo in the second half of this year.

And Sirocco is projecting at least a 10 percent drop in incoming cargo in the second half of this year.

The irony here is before Trump launched this trade war, we were seeing real progress on inflation, which might have paved the way for the interest rate cuts that the president says he wants to see. Core inflation last month was the lowest it's been in four years. But hopes that Jerome Powell and his colleagues on the Fed could engineer a soft landing have really been battered by Trump's tariffs.

The irony here is before Trump launched this trade war, we were seeing real progress on inflation, which might have paved the way for the interest rate cuts that the president says he wants to see. Core inflation last month was the lowest it's been in four years. But hopes that Jerome Powell and his colleagues on the Fed could engineer a soft landing have really been battered by Trump's tariffs.

The irony here is before Trump launched this trade war, we were seeing real progress on inflation, which might have paved the way for the interest rate cuts that the president says he wants to see. Core inflation last month was the lowest it's been in four years. But hopes that Jerome Powell and his colleagues on the Fed could engineer a soft landing have really been battered by Trump's tariffs.

Forecasters are now projecting a double whammy of both higher prices and slower economic growth. That's all we seem to be doing, Scott.

Forecasters are now projecting a double whammy of both higher prices and slower economic growth. That's all we seem to be doing, Scott.

Forecasters are now projecting a double whammy of both higher prices and slower economic growth. That's all we seem to be doing, Scott.

You're welcome.

You're welcome.