Trump’s tariffs are finally here. Now what?

特朗普的关税终于来了。现在怎么办?

Post Reports

2025-08-08

25 分钟
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David Lynch covers trade for The Post, and he joins us to explain how the tariffs will affect consumer prices and the broader economy.  David is the author of the forthcoming book “The World’s Worst Bet: How the Globalization Gamble Went Wrong (And What Would Make It Right).” Today’s show was produced by Sabby Robinson. It was edited by Maggie Penman with help from Reena Flores. It was mixed by Sam Bair.  Subscribe to The Washington Post here.
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  • We've been hearing about President Donald Trump's tariffs for months.

  • And honestly, I kind of just stopped thinking about them.

  • Because first, they were on.

  • Mr. President, is there anything China, Canada,

  • and Mexico can do tonight to forestall your implementation of tariffs tomorrow?

  • No, not right now, no. And then they were off.

  • It looks like the US has blinked because in the last few minutes,

  • I'm just looking at the markets now, they've rocketed up.

  • The US stock market up 6% on that news.

  • The deadlines kept moving.

  • Just literally in the last couple of minutes,

  • we're hearing that President Trump has announced that there will be a 90-day pause on reciprocal tariffs for all countries except China.

  • Sometimes it seemed like the tariffs weren't actually going to happen,

  • but... the threat of them were just negotiating tactics.

  • Huge deal.

  • Yeah.

  • It was tough negotiations.

  • I knew it at the beginning, and it was indeed very tough,

  • but we came to good conclusions from both sides.

  • So again, congratulations and many thanks.