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cover of episode Tariff fears likely shrunk the GDP

Tariff fears likely shrunk the GDP

2025/4/29
logo of podcast Marketplace All-in-One

Marketplace All-in-One

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Janae Seiko: 企业为了避免关税冲击,提前大量囤货,导致进口激增;现在,企业采取观望态度,等待与客户协商关税分摊方案,导致贸易活动放缓。 Ashley Hetrick: 企业在支付关税前持观望态度,并积极寻找替代方案,如将货物转移到其他国家,以降低成本和风险。 Jennifer Lee: 第一季度GDP下降主要源于对关税的预期和担忧,而非关税本身的实施。 Bill Adams: 关税导致企业投入成本增加,降低了企业投资意愿,从而对GDP造成负面影响。 Gregory Daco: 关税引发的物价上涨和经济不确定性,导致企业减少投资和招聘,消费者支出也随之减少,最终导致经济增长放缓,甚至可能引发经济衰退。 Kyle Risdahl: 最终消费者将承担关税成本。 Kevin Hassett: 关税的负担最终由外国供应商承担,而非美国消费者;亚马逊将关税成本转嫁给消费者的做法是错误的经济学分析。 supporting_evidences Ashley Hetrick: 'We are beginning to see ships leaving China half empty or more...I was talking with a number of clients who have rerouted shipments into Mexico...They've moved things into Europe...And while they are waiting and seeing, they are figuring out who's going to pay these tariffs...They might be delaying or slowing down to the degree they can, to get commitment and agreement with their customer on some type of passing along of the tariff or the sharing of the tariff.' Jennifer Lee: 'The first quarter was before the president's so-called Liberation Day. Back then, it was mostly fears about tariffs that were driving business decisions. Everyone was trying to buy up what they can, when they could get it at a still decent price before the tariffs really kicked in.' Bill Adams: 'Now we're starting to see the actual impact of the tariffs themselves rather than the fear...He says those higher costs are likely to cut into business investment, which is an important component of GDP.' Gregory Daco: 'Businesses are going to be more cautious towards building a new factory...Uncertainty is causing businesses to put off hiring decisions...That leads to essentially a slowdown in employment momentum and in income growth, which in turn will prevent consumers from spending in the face of these heightened prices stemming from tariffs.' Kevin Hassett: 'The bottom line is that if we charge a tariff on a foreign country...And the idea that Amazon is going to say that the tariff is passing through to the consumer means that they don't understand economics...And it was correct for Jeff Bezos to apologize for it and to correct the record that Amazon, whoever did it, made a big mistake.'

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When new gross domestic product data comes out tomorrow, economists expect we'll see the first GDP contraction in three years. But the report is backward-looking, so if the GDP did shrink, it will be thanks to tariff-related anxiety in the first quarter, rather than actual tariff implementation that kicked off in April. Also in this episode, some workforce stories: Why hiring more FAA air traffic controllers won’t be easy, a worker navigates Wyoming’s trona mining industry and a bathtub helps us understand the labor market differential.