The recent 145% tariff on Chinese imports has already had a lasting impact on the global economy. The temporary measure, which was in effect for just one month, crippled many companies that relied on international trade.
For medium-sized businesses with $1 million worth of imported goods, the tariff meant an additional $1.5 million in costs. Those who were unable to absorb the shock suffered disproportionately, while those who managed to adapt fared relatively better.
This episode of Planet Money explores how the 145% tariff affected three individuals and companies across the globe. Their stories illustrate the far-reaching consequences of trade policies that can’t be easily turned on or off.
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Source: https://www.npr.org/2025/05/16/1251782092/tariff-us-china-pause-trade-war