Although the 145% tariff on Chinese imports lasted only one month, it left significant marks on the economy. Global trade cannot simply be switched on and off at will. Some companies were particularly unfortunate, such as those whose goods arrived at U.S. ports just before the tariff pause. For instance, if a medium-sized company imported goods worth one million dollars, they had to pay an additional one and a half million dollars due to the tariff. This episode explores the effects of this extraordinarily high tariff on three individuals within the global economy, highlighting both the lucky and unlucky outcomes. — new from NPR
