Who’s Really Paying for Tariffs? Hint: It’s Not Foreign Companies
Big Take11 Aug 2025

Who’s Really Paying for Tariffs? Hint: It’s Not Foreign Companies

President Trump’s so-called reciprocal tariffs have pushed the average US tariff rate to 15%, up from just over 2% last year. But who’s actually footing the bill so far?

On today’s Big Take podcast, Bloomberg Businessweek’s “Everybody’s Business” host Stacey Vanek Smith takes Sarah Holder through Tariff 101: How is that money being collected and where is it going?

Read more: It’s Only a Matter of Time Until Americans Pay for Trump’s Tariffs

See omnystudio.com/listener for privacy information.

Episoder(851)

Can a Smaller HUD Fix the Housing Crisis?

Can a Smaller HUD Fix the Housing Crisis?

America is in the midst of a historic housing crisis, with record homelessness levels and a nationwide shortage of affordable housing. Addressing this crisis is the purview of the Department of Housin...

4 Sep 202518min

Why Long-Term Bond Yields Are Up in the US, UK and Japan

Why Long-Term Bond Yields Are Up in the US, UK and Japan

A global selloff in long-dated bonds — including 30-year UK gilts, US Treasuries and Japanese government bonds — has deepened. On today’s Big Take podcast, host David Gura, Bloomberg Economics’ Jamie ...

3 Sep 202518min

What Xi Jinping’s Military Purge Means for China and the World

What Xi Jinping’s Military Purge Means for China and the World

Beijing is holding its first military parade since 2019, showcasing the strength of China’s armed forces. Underneath the show of power, a Bloomberg investigation has found President Xi Jinping is orch...

2 Sep 202516min

The Crises Vying for Dwindling Foreign Aid

The Crises Vying for Dwindling Foreign Aid

The dismantling of USAID is contributing to a 17% drop in foreign aid this year. That’s put some of the world’s worst conflicts in competition with each other for attention and resources. On today’s e...

1 Sep 202516min

The Latest Science on Extreme Heat: How Hot Is Too Hot?

The Latest Science on Extreme Heat: How Hot Is Too Hot?

Nearly half a million people die every year as a result of extreme heat. That’s more than the total from hurricanes, earthquakes and floods combined. And as the planet warms the risk of deadly heat is...

29 Aug 202513min

Taylor Swift Wedding Predictions Are the Hottest New Trade

Taylor Swift Wedding Predictions Are the Hottest New Trade

Gamblers on prediction sites like Polymarket and Kalshi are already trying to cash in on Taylor Swift and Travis Kelce’s engagement — betting on everything from their wedding timeline to her next sing...

28 Aug 202515min

Trump Has a Shipbuilding Dream. Can South Korea Make It a Reality?

Trump Has a Shipbuilding Dream. Can South Korea Make It a Reality?

South Korean shipyards are busier than they’ve been in years. Seoul and Washington are working to finalize a new trade deal that will include a $150 billion commitment to help stimulate the US shipbui...

27 Aug 202516min

Why Trump Is Trying to Fire Lisa Cook

Why Trump Is Trying to Fire Lisa Cook

President Donald Trump shared a letter on social media Monday night, addressed to Federal Reserve Board Governor Lisa Cook stating he had made the decision to remove her from her position. It immediat...

26 Aug 202513min

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