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Up First from NPR

Tariffs Hit At Midnight, Small Business Reactions, National Security Firings

04 Apr 2025

Description

Steep new tariffs are set to take effect at midnight on nearly everything the U.S. imports. Big businesses are losing market value and small businesses feel like they're caught in the middle of something they can't control. And, a number of National Security Council staffers have been fired after President Trump met with a far-right activist. Want more comprehensive analysis of the most important news of the day, plus a little fun? Subscribe to the Up First newsletter.Today's episode of Up First was edited by Pallavi Gogoi, Lisa Thomson and Alice Woelfle. It was produced by Ziad Buchh, Nia Dumas and Christopher Thomas. We get engineering support from Damian Herring. Our technical director is Carleigh Strange and our Executive Producer is Jay Shaylor.Learn more about sponsor message choices: podcastchoices.com/adchoicesNPR Privacy Policy

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Transcription

Full Episode

2.861 - 7.905 Leila Fadel

President Trump's tariffs on nearly all imported goods will go into effect at midnight.

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8.105 - 10.768 Howard Lutnick

This is the reordering of global trade.

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11.188 - 26.232 Leila Fadel

Will the U.S. come out ahead or fall behind? I'm Leila Fadil, that's Michelle Martin, and this is Up First from NPR News. Small business owners are reacting to the magnitude of the White House's new tariffs.

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26.732 - 31.454 Sarah McCammon

I had to come up with $15,000 of extra cash to release my goods just this last month.

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31.654 - 40.437 Michelle Martin

How are they thinking about their future? And several National Security Council staffers have been fired following a meeting between President Trump and far-right activist Laura Loomer.

40.777 - 47.34 Anonymous Source

Always we let go of people. People that we don't like or people that we don't think we like.

49.978 - 74.015 Advertisement Narrator

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