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"content": "\u003cp>Starting next week, the Education Department said \u003ca href=\"https://www.kqed.org/mindshift/65437/trump-administration-to-resume-collections-on-student-loan-borrowers-in-default\">student loans that are in default will be referred for collections.\u003c/a>\u003c/p>\n\u003cp>Roughly 5.3 million borrowers nationwide are in default on their \u003ca href=\"https://apnews.com/article/student-loan-repayment-trump-9fb6287fe52ed0be73719b53dd5bf90d\">federal student loans\u003c/a> and soon could be subject to having their wages garnished starting May 5.\u003c/p>\n\u003cp>Referrals for collection had been put on hold since March 2020 because of the COVID-19 pandemic, when the U.S. government also paused federal student loan payments and interest accrual as a temporary relief measure. That grace period was extended multiple times by the Biden administration and ended in October.\u003c/p>\n\u003cul>\n\u003cli>\u003cstrong>Jump straight to: \u003ca href=\"#student-loan-default-what-to-do\">What to know if you’re a student loan borrower in default\u003cbr>\n\u003c/a>\u003c/strong>\u003c/li>\n\u003c/ul>\n\u003cp>Amanda Kahn Fried, chief of policy and communications at the San Francisco Office of the Treasurer, said city officials are “deeply concerned” about the Trump administration’s decision to resume collection on defaulted student loans on Monday.\u003c/p>\n\u003cp>[ad fullwidth]\u003c/p>\n\u003cp>According to \u003ca href=\"https://www.sfgov.org/ofe/what-cost-student-loan-debt-bay-area\">the most recent available figures\u003c/a> from March 2018, approximately 735,000 student loan borrowers in the nine-county Bay Area — over 12% of the region’s adult population — owed a collective $26.6 billion in student debt, with the average borrower owing a balance of over $36,000.\u003c/p>\n\u003cp>Fried said that the Treasury’s Office of Financial Empowerment, which \u003ca href=\"https://www.sfgov.org/ofe/StudentDebt\">works with residents around navigating their student debt\u003c/a>, is especially worried that “people don’t necessarily know that this change is coming and going into effect.”\u003c/p>\n\u003cp>“Our concern is that starting May 5, borrowers who are already on the brink could see their wages garnished, their tax refunds seized and even their social security checks docked, which is the opposite of what we need to build a stronger economy here in San Francisco and across the country.”\u003c/p>\n\u003cfigure id=\"attachment_12032461\" class=\"wp-caption aligncenter\" style=\"max-width: 1800px\">\u003ca href=\"https://cdn.kqed.org/wp-content/uploads/sites/10/2025/03/npr.brightspotcdn-copy-8.jpg\">\u003cimg loading=\"lazy\" decoding=\"async\" class=\"size-full wp-image-12032461\" src=\"https://cdn.kqed.org/wp-content/uploads/sites/10/2025/03/npr.brightspotcdn-copy-8.jpg\" alt=\"\" width=\"1800\" height=\"1173\" srcset=\"https://cdn.kqed.org/wp-content/uploads/sites/10/2025/03/npr.brightspotcdn-copy-8.jpg 1800w, https://cdn.kqed.org/wp-content/uploads/sites/10/2025/03/npr.brightspotcdn-copy-8-800x521.jpg 800w, https://cdn.kqed.org/wp-content/uploads/sites/10/2025/03/npr.brightspotcdn-copy-8-1020x665.jpg 1020w, https://cdn.kqed.org/wp-content/uploads/sites/10/2025/03/npr.brightspotcdn-copy-8-160x104.jpg 160w, https://cdn.kqed.org/wp-content/uploads/sites/10/2025/03/npr.brightspotcdn-copy-8-1536x1001.jpg 1536w\" sizes=\"auto, (max-width: 1800px) 100vw, 1800px\">\u003c/a>\u003cfigcaption class=\"wp-caption-text\">The federal student loan portfolio — which manages about $1.6 trillion in loans for roughly 43 million borrowers — is currently overseen by the Education Department’s office of Federal Student Aid. \u003ccite>(Mario Tama/Getty Images)\u003c/cite>\u003c/figcaption>\u003c/figure>\n\u003cp>While the Bay Area’s student loan burden is \u003ca href=\"https://www.sfgov.org/ofe/what-cost-student-loan-debt-bay-area\">lower than the national level\u003c/a>, San Francisco officials say there are\u003ca href=\"https://www.sfgov.org/ofe/what-cost-student-loan-debt-bay-area\"> “dramatic disparities” in who is most affected locally by this type of debt\u003c/a>, with “considerably higher delinquency and default” in lower-income communities and communities of color.\u003c/p>\n\u003cp>Fried said she’s particularly concerned about the impact on residents who took out student loans but ultimately did not obtain a degree — people who “are particularly low income who may have taken a risk and tried to get a degree and not been able to complete that degree for a number of reasons, and that will find themselves in default and have a very, very hard time catching up,” because they “don’t actually have the earning power to be able to repay that debt.”\u003c/p>\n\u003cp>“When we gut borrower protections, we don’t just hurt individuals with debt,” Fried said. “We actually make it harder for cities like San Francisco to hire nurses and public servants and teachers that our communities depend on.”\u003c/p>\n\u003cp>The Education Department said it will soon begin sending notices on collection efforts, but there are options for borrowers to get out of default. Keep reading for what student loan borrowers need to know about this announcement.\u003c/p>\n\u003ch2>\u003cstrong>\u003ca id=\"student-loan-default-what-to-do\">\u003c/a>How will ‘involuntary collection’ on student loan debt work?\u003c/strong>\u003c/h2>\n\u003cp>Beginning May 5, the department will begin “involuntary collection” through the Treasury Department’s offset program. Borrowers who have student loans in default will receive communication from Federal Student Aid in the upcoming weeks with information about their options, according to the Education Department.\u003c/p>\n\u003cp>Involuntary collection means the government can garnish wages, intercept tax refunds and seize portions of Social Security checks and other benefit payments to go toward paying back the loan.\u003c/p>\n\u003cp>[aside postID=mindshift_65437 hero='https://cdn.kqed.org/wp-content/uploads/sites/23/2025/04/2025-02-26t000000z-1066384240-mt1abcpr937788032-rtrmadp-3-abaca-press-1020x728.jpeg']\u003c/p>\n\u003cp>“In general, the collections will start with a letter,” Fried said. “So, making sure that your contact information is up to date is also very important so that you’re not missing any notices.”\u003c/p>\n\u003cp>While “the first step typically isn’t having your wages garnished,” Fried acknowledged that “it’s very hard to predict in this environment if that’s what is going to happen.”\u003c/p>\n\u003cp>If you’re a student loan borrower in default, this latest announcement is undoubtedly anxiety-provoking. But “the first piece of advice I would have is to obviously take a deep breath, and then to really approach this from a very organized fashion,” Fried recommended.\u003c/p>\n\u003cp>As a starting point, “take screenshots of your progress on your different loan websites: Go to the Federal Student Aid website, literally take a photo of everything you can find about your account today,” she said. “Download all of your payment history documents for your records, [and] just make sure you really capture a true picture of where you are.”\u003c/p>\n\u003ch2>How do I know if my student loans are in default — or if I’m delinquent?\u003c/h2>\n\u003cp>A student loan becomes delinquent when a borrower doesn’t make a payment 90 days after its due date. If you continue to be delinquent on your loan for 270 days — or roughly nine months — then your loan goes into default.\u003c/p>\n\u003cp>While being delinquent affects your credit score, going into default has more serious consequences, such as wage garnishment.\u003c/p>\n\u003ch2>What happens when a loan goes into default?\u003c/h2>\n\u003cp>When you fall behind on a loan by 270 days, the loan appears on your credit report as being in default.\u003c/p>\n\u003cp>Once a loan is in default, the government will send the borrower into collections.\u003c/p>\n\u003ch2>What can I do right now if my student loan is in default?\u003c/h2>\n\u003cp>The Education Department is recommending borrowers visit its \u003ca href=\"https://myeddebt.ed.gov/\">Default Resolution Group\u003c/a> to make a monthly payment, enroll in an income-driven repayment plan, or sign up for loan rehabilitation.\u003c/p>\n\u003cp>Betsy Mayotte, president of The Institute for Student Loan Advisors, recommends loan rehabilitation as an option.\u003c/p>\n\u003cp>[aside postID=mindshift_65377 hero='https://cdn.kqed.org/wp-content/uploads/sites/23/2025/03/capossela-npr-book-education-v2-final-1020x680.jpeg']\u003c/p>\n\u003cp>Borrowers in default must ask their loan servicer to be placed into such a program. Typically, servicers ask for proof of income and expenses to calculate a payment amount. Once a borrower has paid on time for nine months in a row, they are taken out of default, Mayotte said. A loan rehabilitation can only be done once.\u003c/p>\n\u003cp>While Fried said the best plan of action “if you absolutely can’t afford to make the payments” is to contact your student loan servicer, she also noted that “you need to be very cautious” about the option you choose, because of the interest these paths forward could add to your total amount owed.\u003c/p>\n\u003cp>Fried also recommended that anyone who lives, works or receives services in San Francisco can \u003ca href=\"http://sfgov.org/ofe/counseling\">book a free financial consultation with the city’s Office of Financial Empowerment\u003c/a> to discuss their student loans.\u003c/p>\n\u003cp>“Student debt is a very complicated landscape and there are a lot of different types of loans,” she said. “And so it is really important to have somebody work with you on your particular issues.”\u003c/p>\n\u003ch2>What does ‘forbearance’ mean?\u003c/h2>\n\u003cp>Student loan forbearance is a temporary pause on your student loan payments granted to borrowers who are experiencing financial difficulties. To apply for forbearance, borrowers must contact their loan servicer.\u003c/p>\n\u003cp>Borrowers can be granted forbearance by their loan servicer for up to 12 months, but interest will continue to accrue during this period.\u003c/p>\n\u003cp>Forbearance is not an option for borrowers whose student loans are in default. However, they are an option if you are delinquent on your loan.\u003c/p>\n\u003ch2>How can a borrower find the status of their student loans?\u003c/h2>\n\u003cp>Borrowers need to know the status of their student loans in order to find out if they are in default, said Kate Wood, student loans expert at NerdWallet.\u003c/p>\n\u003cp>To find the status of a student loan and their loan servicer information, borrowers need to access their studentaid.gov account. Since the Education Department is going to send notices about involuntary collections through email, borrowers want to make sure all their personal information is updated, such as email and physical address, Wood recommended.\u003c/p>\n\u003ch2>Can involuntary collections affect my Supplemental Security Income?\u003c/h2>\n\u003cp>Yes, benefits from Social Security are considered income and can be affected by involuntary collections.\u003c/p>\n\u003ch2>How does delinquency affect my credit score?\u003c/h2>\n\u003cp>Borrowers who are delinquent on their student loans take a massive hit on their credit scores, Wood said. Those who are delinquent on their student loans might see a drop of 100 points or more to their credit score. A delinquency stays on your credit report for seven years.\u003c/p>\n\u003cp>Credit scores are used in many aspects of people’s financial lives, such as access to credit cards, buying a house or renting an apartment.\u003c/p>\n\u003ch2>Can I apply to income-driven repayment plans?\u003c/h2>\n\u003cp>[aside postID=news_12036573 hero='https://cdn.kqed.org/wp-content/uploads/sites/10/2023/06/RS66293_230613-SFMarinFoodPantry-04-BL-KQED-1020x680.jpg']Income-driven repayment plans applications are currently open. These plans base your monthly student loan payment amount on your income and family size.\u003c/p>\n\u003cp>The Biden administration’s SAVE program is no longer open for applications since it was challenged in court. However, those who got accepted into the SAVE program are currently in administrative forbearance, meaning they don’t have to make payments.\u003c/p>\n\u003cp>To review income-driven repayment plan options, you can \u003ca href=\"http://studentaid.gov\">check the loan simulator at studentaid.gov\u003c/a>.\u003c/p>\n\u003ch2>Where can I find information and guidance about my student loans?\u003c/h2>\n\u003cp>During this unpredictable time, you may be wondering how you can stay on top of the latest news about your student loans.\u003c/p>\n\u003cp>Mayotte told KQED earlier this year that the best information comes straight from the source itself — \u003ca href=\"http://studentaid.gov\">studentaid.gov\u003c/a>. However, Californians also have \u003ca href=\"https://dfpi.ca.gov/consumers/student-loans/\">a student loan ombudsperson\u003c/a> that they can reach out to for questions or be reminded of \u003ca href=\"https://dfpi.ca.gov/consumers/student-loans/rights/\">their rights\u003c/a>. Questions can be sent to Celina.Damian@dfpi.ca.gov.\u003c/p>\n\u003cp>If you have an issue with your loan servicer, you can file a complaint with the state’s \u003ca href=\"https://dfpi.ca.gov/submit-a-complaint/\">Department of Financial Protection and Innovation\u003c/a>. You can also reach out to DPFI by email at ask.DFPI@dfpi.ca.gov and by phone at 866-275-2677.\u003c/p>\n\u003cp>Other places to get updates on student loans include:\u003c/p>\n\u003cul>\n\u003cli>\u003ca href=\"https://www.studentloanplanner.com/\">Student Loan Planner\u003c/a>\u003c/li>\n\u003cli>\u003ca href=\"https://freestudentloanadvice.org/about_us/our-staff/\">The Institute of Student Loan Advisors\u003c/a>\u003c/li>\n\u003cli>\u003ca href=\"https://www.savingforcollege.com/authors/mark-kantrowitz\">Saving for College\u003c/a>\u003c/li>\n\u003cli>\u003ca href=\"https://minsky-law.com/\">Adam S. Minsky\u003c/a>, a lawyer specializing in student loans\u003c/li>\n\u003c/ul>\n\u003cp>\u003cem>This story contains reporting from KQED’s \u003ca href=\"https://www.kqed.org/author/nkhan\">Nisa Khan\u003c/a>.\u003c/em>\u003c/p>\n\u003cp>[ad floatright]\u003c/p>\n",
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"content": "\u003cdiv class=\"post-body\">\u003cp>\u003cp>Starting next week, the Education Department said \u003ca href=\"https://www.kqed.org/mindshift/65437/trump-administration-to-resume-collections-on-student-loan-borrowers-in-default\">student loans that are in default will be referred for collections.\u003c/a>\u003c/p>\n\u003cp>Roughly 5.3 million borrowers nationwide are in default on their \u003ca href=\"https://apnews.com/article/student-loan-repayment-trump-9fb6287fe52ed0be73719b53dd5bf90d\">federal student loans\u003c/a> and soon could be subject to having their wages garnished starting May 5.\u003c/p>\n\u003cp>Referrals for collection had been put on hold since March 2020 because of the COVID-19 pandemic, when the U.S. government also paused federal student loan payments and interest accrual as a temporary relief measure. That grace period was extended multiple times by the Biden administration and ended in October.\u003c/p>\n\u003cul>\n\u003cli>\u003cstrong>Jump straight to: \u003ca href=\"#student-loan-default-what-to-do\">What to know if you’re a student loan borrower in default\u003cbr>\n\u003c/a>\u003c/strong>\u003c/li>\n\u003c/ul>\n\u003cp>Amanda Kahn Fried, chief of policy and communications at the San Francisco Office of the Treasurer, said city officials are “deeply concerned” about the Trump administration’s decision to resume collection on defaulted student loans on Monday.\u003c/p>\n\u003cp>\u003c/p>\u003c/div>",
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"content": "\u003cdiv class=\"post-body\">\u003cp>\u003c/p>\n\u003cp>According to \u003ca href=\"https://www.sfgov.org/ofe/what-cost-student-loan-debt-bay-area\">the most recent available figures\u003c/a> from March 2018, approximately 735,000 student loan borrowers in the nine-county Bay Area — over 12% of the region’s adult population — owed a collective $26.6 billion in student debt, with the average borrower owing a balance of over $36,000.\u003c/p>\n\u003cp>Fried said that the Treasury’s Office of Financial Empowerment, which \u003ca href=\"https://www.sfgov.org/ofe/StudentDebt\">works with residents around navigating their student debt\u003c/a>, is especially worried that “people don’t necessarily know that this change is coming and going into effect.”\u003c/p>\n\u003cp>“Our concern is that starting May 5, borrowers who are already on the brink could see their wages garnished, their tax refunds seized and even their social security checks docked, which is the opposite of what we need to build a stronger economy here in San Francisco and across the country.”\u003c/p>\n\u003cfigure id=\"attachment_12032461\" class=\"wp-caption aligncenter\" style=\"max-width: 1800px\">\u003ca href=\"https://cdn.kqed.org/wp-content/uploads/sites/10/2025/03/npr.brightspotcdn-copy-8.jpg\">\u003cimg loading=\"lazy\" decoding=\"async\" class=\"size-full wp-image-12032461\" src=\"https://cdn.kqed.org/wp-content/uploads/sites/10/2025/03/npr.brightspotcdn-copy-8.jpg\" alt=\"\" width=\"1800\" height=\"1173\" srcset=\"https://cdn.kqed.org/wp-content/uploads/sites/10/2025/03/npr.brightspotcdn-copy-8.jpg 1800w, https://cdn.kqed.org/wp-content/uploads/sites/10/2025/03/npr.brightspotcdn-copy-8-800x521.jpg 800w, https://cdn.kqed.org/wp-content/uploads/sites/10/2025/03/npr.brightspotcdn-copy-8-1020x665.jpg 1020w, https://cdn.kqed.org/wp-content/uploads/sites/10/2025/03/npr.brightspotcdn-copy-8-160x104.jpg 160w, https://cdn.kqed.org/wp-content/uploads/sites/10/2025/03/npr.brightspotcdn-copy-8-1536x1001.jpg 1536w\" sizes=\"auto, (max-width: 1800px) 100vw, 1800px\">\u003c/a>\u003cfigcaption class=\"wp-caption-text\">The federal student loan portfolio — which manages about $1.6 trillion in loans for roughly 43 million borrowers — is currently overseen by the Education Department’s office of Federal Student Aid. \u003ccite>(Mario Tama/Getty Images)\u003c/cite>\u003c/figcaption>\u003c/figure>\n\u003cp>While the Bay Area’s student loan burden is \u003ca href=\"https://www.sfgov.org/ofe/what-cost-student-loan-debt-bay-area\">lower than the national level\u003c/a>, San Francisco officials say there are\u003ca href=\"https://www.sfgov.org/ofe/what-cost-student-loan-debt-bay-area\"> “dramatic disparities” in who is most affected locally by this type of debt\u003c/a>, with “considerably higher delinquency and default” in lower-income communities and communities of color.\u003c/p>\n\u003cp>Fried said she’s particularly concerned about the impact on residents who took out student loans but ultimately did not obtain a degree — people who “are particularly low income who may have taken a risk and tried to get a degree and not been able to complete that degree for a number of reasons, and that will find themselves in default and have a very, very hard time catching up,” because they “don’t actually have the earning power to be able to repay that debt.”\u003c/p>\n\u003cp>“When we gut borrower protections, we don’t just hurt individuals with debt,” Fried said. “We actually make it harder for cities like San Francisco to hire nurses and public servants and teachers that our communities depend on.”\u003c/p>\n\u003cp>The Education Department said it will soon begin sending notices on collection efforts, but there are options for borrowers to get out of default. Keep reading for what student loan borrowers need to know about this announcement.\u003c/p>\n\u003ch2>\u003cstrong>\u003ca id=\"student-loan-default-what-to-do\">\u003c/a>How will ‘involuntary collection’ on student loan debt work?\u003c/strong>\u003c/h2>\n\u003cp>Beginning May 5, the department will begin “involuntary collection” through the Treasury Department’s offset program. Borrowers who have student loans in default will receive communication from Federal Student Aid in the upcoming weeks with information about their options, according to the Education Department.\u003c/p>\n\u003cp>Involuntary collection means the government can garnish wages, intercept tax refunds and seize portions of Social Security checks and other benefit payments to go toward paying back the loan.\u003c/p>\n\u003cp>\u003c/p>\u003c/div>",
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"content": "\u003cdiv class=\"post-body\">\u003cp>\u003c/p>\n\u003cp>“In general, the collections will start with a letter,” Fried said. “So, making sure that your contact information is up to date is also very important so that you’re not missing any notices.”\u003c/p>\n\u003cp>While “the first step typically isn’t having your wages garnished,” Fried acknowledged that “it’s very hard to predict in this environment if that’s what is going to happen.”\u003c/p>\n\u003cp>If you’re a student loan borrower in default, this latest announcement is undoubtedly anxiety-provoking. But “the first piece of advice I would have is to obviously take a deep breath, and then to really approach this from a very organized fashion,” Fried recommended.\u003c/p>\n\u003cp>As a starting point, “take screenshots of your progress on your different loan websites: Go to the Federal Student Aid website, literally take a photo of everything you can find about your account today,” she said. “Download all of your payment history documents for your records, [and] just make sure you really capture a true picture of where you are.”\u003c/p>\n\u003ch2>How do I know if my student loans are in default — or if I’m delinquent?\u003c/h2>\n\u003cp>A student loan becomes delinquent when a borrower doesn’t make a payment 90 days after its due date. If you continue to be delinquent on your loan for 270 days — or roughly nine months — then your loan goes into default.\u003c/p>\n\u003cp>While being delinquent affects your credit score, going into default has more serious consequences, such as wage garnishment.\u003c/p>\n\u003ch2>What happens when a loan goes into default?\u003c/h2>\n\u003cp>When you fall behind on a loan by 270 days, the loan appears on your credit report as being in default.\u003c/p>\n\u003cp>Once a loan is in default, the government will send the borrower into collections.\u003c/p>\n\u003ch2>What can I do right now if my student loan is in default?\u003c/h2>\n\u003cp>The Education Department is recommending borrowers visit its \u003ca href=\"https://myeddebt.ed.gov/\">Default Resolution Group\u003c/a> to make a monthly payment, enroll in an income-driven repayment plan, or sign up for loan rehabilitation.\u003c/p>\n\u003cp>Betsy Mayotte, president of The Institute for Student Loan Advisors, recommends loan rehabilitation as an option.\u003c/p>\n\u003cp>\u003c/p>\u003c/div>",
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"content": "\u003cdiv class=\"post-body\">\u003cp>\u003c/p>\n\u003cp>Borrowers in default must ask their loan servicer to be placed into such a program. Typically, servicers ask for proof of income and expenses to calculate a payment amount. Once a borrower has paid on time for nine months in a row, they are taken out of default, Mayotte said. A loan rehabilitation can only be done once.\u003c/p>\n\u003cp>While Fried said the best plan of action “if you absolutely can’t afford to make the payments” is to contact your student loan servicer, she also noted that “you need to be very cautious” about the option you choose, because of the interest these paths forward could add to your total amount owed.\u003c/p>\n\u003cp>Fried also recommended that anyone who lives, works or receives services in San Francisco can \u003ca href=\"http://sfgov.org/ofe/counseling\">book a free financial consultation with the city’s Office of Financial Empowerment\u003c/a> to discuss their student loans.\u003c/p>\n\u003cp>“Student debt is a very complicated landscape and there are a lot of different types of loans,” she said. “And so it is really important to have somebody work with you on your particular issues.”\u003c/p>\n\u003ch2>What does ‘forbearance’ mean?\u003c/h2>\n\u003cp>Student loan forbearance is a temporary pause on your student loan payments granted to borrowers who are experiencing financial difficulties. To apply for forbearance, borrowers must contact their loan servicer.\u003c/p>\n\u003cp>Borrowers can be granted forbearance by their loan servicer for up to 12 months, but interest will continue to accrue during this period.\u003c/p>\n\u003cp>Forbearance is not an option for borrowers whose student loans are in default. However, they are an option if you are delinquent on your loan.\u003c/p>\n\u003ch2>How can a borrower find the status of their student loans?\u003c/h2>\n\u003cp>Borrowers need to know the status of their student loans in order to find out if they are in default, said Kate Wood, student loans expert at NerdWallet.\u003c/p>\n\u003cp>To find the status of a student loan and their loan servicer information, borrowers need to access their studentaid.gov account. Since the Education Department is going to send notices about involuntary collections through email, borrowers want to make sure all their personal information is updated, such as email and physical address, Wood recommended.\u003c/p>\n\u003ch2>Can involuntary collections affect my Supplemental Security Income?\u003c/h2>\n\u003cp>Yes, benefits from Social Security are considered income and can be affected by involuntary collections.\u003c/p>\n\u003ch2>How does delinquency affect my credit score?\u003c/h2>\n\u003cp>Borrowers who are delinquent on their student loans take a massive hit on their credit scores, Wood said. Those who are delinquent on their student loans might see a drop of 100 points or more to their credit score. A delinquency stays on your credit report for seven years.\u003c/p>\n\u003cp>Credit scores are used in many aspects of people’s financial lives, such as access to credit cards, buying a house or renting an apartment.\u003c/p>\n\u003ch2>Can I apply to income-driven repayment plans?\u003c/h2>\n\u003cp>\u003c/p>\u003c/div>",
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"content": "\u003cdiv class=\"post-body\">\u003cp>Income-driven repayment plans applications are currently open. These plans base your monthly student loan payment amount on your income and family size.\u003c/p>\n\u003cp>The Biden administration’s SAVE program is no longer open for applications since it was challenged in court. However, those who got accepted into the SAVE program are currently in administrative forbearance, meaning they don’t have to make payments.\u003c/p>\n\u003cp>To review income-driven repayment plan options, you can \u003ca href=\"http://studentaid.gov\">check the loan simulator at studentaid.gov\u003c/a>.\u003c/p>\n\u003ch2>Where can I find information and guidance about my student loans?\u003c/h2>\n\u003cp>During this unpredictable time, you may be wondering how you can stay on top of the latest news about your student loans.\u003c/p>\n\u003cp>Mayotte told KQED earlier this year that the best information comes straight from the source itself — \u003ca href=\"http://studentaid.gov\">studentaid.gov\u003c/a>. However, Californians also have \u003ca href=\"https://dfpi.ca.gov/consumers/student-loans/\">a student loan ombudsperson\u003c/a> that they can reach out to for questions or be reminded of \u003ca href=\"https://dfpi.ca.gov/consumers/student-loans/rights/\">their rights\u003c/a>. Questions can be sent to Celina.Damian@dfpi.ca.gov.\u003c/p>\n\u003cp>If you have an issue with your loan servicer, you can file a complaint with the state’s \u003ca href=\"https://dfpi.ca.gov/submit-a-complaint/\">Department of Financial Protection and Innovation\u003c/a>. You can also reach out to DPFI by email at ask.DFPI@dfpi.ca.gov and by phone at 866-275-2677.\u003c/p>\n\u003cp>Other places to get updates on student loans include:\u003c/p>\n\u003cul>\n\u003cli>\u003ca href=\"https://www.studentloanplanner.com/\">Student Loan Planner\u003c/a>\u003c/li>\n\u003cli>\u003ca href=\"https://freestudentloanadvice.org/about_us/our-staff/\">The Institute of Student Loan Advisors\u003c/a>\u003c/li>\n\u003cli>\u003ca href=\"https://www.savingforcollege.com/authors/mark-kantrowitz\">Saving for College\u003c/a>\u003c/li>\n\u003cli>\u003ca href=\"https://minsky-law.com/\">Adam S. Minsky\u003c/a>, a lawyer specializing in student loans\u003c/li>\n\u003c/ul>\n\u003cp>\u003cem>This story contains reporting from KQED’s \u003ca href=\"https://www.kqed.org/author/nkhan\">Nisa Khan\u003c/a>.\u003c/em>\u003c/p>\n\u003cp>\u003c/p>\u003c/div>",
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"slug": "how-trump-tariffs-could-upend-california-farms-wine-businesses-and-ports",
"title": "How Trump Tariffs Could Upend California Farms, Wine Businesses and Ports",
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"headTitle": "How Trump Tariffs Could Upend California Farms, Wine Businesses and Ports | KQED",
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"content": "\u003cp>\u003cem>This story was originally published by \u003ca href=\"https://calmatters.org/\">CalMatters\u003c/a>. \u003ca href=\"https://calmatters.org/subscribe-to-calmatters/\">Sign up\u003c/a> for their newsletters.\u003c/em>\u003c/p>\n\u003cp>President Donald Trump’s on-again, off-again tariffs are putting many California businesses, jobs and the \u003ca href=\"https://calmatters.org/newsletter/trump-tariffs-california-budget/\">state budget\u003c/a> at risk. They’re affecting not only long-term relationships with trading partners, but an intricate web of ecosystems and supply chains.\u003c/p>\n\u003cp>The California business owners and groups grappling with the tariffs — wine shop owners, winery founders, farmers — say the precise effects on their industries are unclear so far. They hope there will be an upside.\u003c/p>\n\u003cp>But for those who have a broad view of trade, things look grim.\u003c/p>\n\u003cp>The Port of Los Angeles and the Port of Long Beach, the busiest ports in North America, both saw first-quarter increases in imports, but declines in exports, year over year.\u003c/p>\n\u003cp>[ad fullwidth]\u003c/p>\n\u003cp>Gene Seroka, executive director for the Port of Los Angeles, attributed the higher volume of cargo being moved to “front-loading as a hedge against tariffs” during a recent media briefing. But he said his port saw year-over-year declines in exports for the fourth month in a row, “raising concerns for our (agriculture) and manufacturing partners as counter-tariffs on exports begin to take effect.”\u003c/p>\n\u003cp>Seroka — who said companies have been telling him they are holding back on hiring and capital investments — predicted a slowdown in cargo movement beginning in May, and expects a 10% drop in volume from July until next year. His predictions are already beginning to show up in the port’s import volume.\u003c/p>\n\u003cp>Some of that may be due to a decline in Chinese imports. On April 9, Trump raised his tariff on China to 145%, although he later exempted certain electronics, such as laptops and smartphones. China responded on April 12 with 125% tariffs on U.S. products. Chinese goods represent 40% of the imports that pass through the Port of Los Angeles, Seroka said.\u003c/p>\n\u003cp>A decline in volume will affect port jobs, though he doesn’t anticipate mass layoffs, he said. More than 1.5 million jobs are tied to the two Southern California ports.\u003c/p>\n\u003cp>The effects of decreased trade will vary for different businesses in the state — even within the same industries.\u003c/p>\n\u003ch2>The California wine industry\u003c/h2>\n\u003cp>A wine merchant in Walnut Creek who sells mostly European wines — on which the president \u003ca href=\"https://edition.cnn.com/2025/03/13/business/alcohol-tariffs-eu-trump-trade-war/index.html\">has threatened 200% tariffs\u003c/a> — said he’s going to have to make adjustments, like carrying more California wines, or consider closing up shop.\u003c/p>\n\u003cp>“I’d have to think about whether it’s worthwhile staying in business,” said Igor Ivanov, owner of wine shop Vinous Reverie. He added that the tariff issues are just the latest of the wine industry’s woes, which include the fact that people just \u003ca href=\"https://www.nbcnews.com/data-graphics/data-shows-wine-decline-consumers-spending-less-drinking-less-rcna187628\">aren’t drinking as much alcohol\u003c/a> as they used to.\u003c/p>\n\u003cp>On the other hand, increased tariffs on European wine could help boost California wine.[aside postID=news_12036199 hero='https://cdn.kqed.org/wp-content/uploads/sites/10/2025/04/250306-PORT-OF-OAKLAND-MD-01_qed-1020x680.jpg']Natalie Collins, president of the California Association of Winegrape Growers, said tariffs on competing wines could help local wine growers.\u003c/p>\n\u003cp>Bruce Lundquist, co-founder of Rack & Riddle, which he said is the largest custom producer of sparkling wine in the nation, agreed with Collins: “I wish Americans would look at wines grown in their backyard.”\u003c/p>\n\u003cp>Lundquist said so far Healdsburg-based Rack & Riddle is OK — the company is stocked up on supplies that he orders from different places, both in and out of the country. But he can’t say what his winery and retail clients might be going through. Lundquist worries about tariff uncertainty dragging on, say through next year. “There would have to be a reckoning if this thing were to go on,” he said. “It’s already hard enough to run a winery.”\u003c/p>\n\u003cp>What’s at stake as the U.S. wine industry grapples with tariffs: $86 billion in annual sales, U.S. Census Bureau data said. California exported $1.3 billion worth of wine in 2022, per the California Department of Food and Agriculture.\u003c/p>\n\u003cp>Even if the wine produced in this country stays here, tariffs mean winemakers face higher costs on everything from bottles — glass mostly imported from China — to labels and corks, to metal posts and wooden stakes for the vines. As for U.S. wine exports, 95% of those come from California, says Gino DiCaro, spokesperson for the Wine Institute.\u003c/p>\n\u003cp>And 35% of exports go to Canada, which now has a serious don’t-buy-American, \u003ca href=\"https://calmatters.org/economy/2025/04/california-tourism-canada/\">don’t-go-to-America campaign\u003c/a> in effect because of the president’s threats about tariffs and annexing Canada.\u003c/p>\n\u003cp>“(Canadians) are voting with their feet, and there’s a real sense of betrayal and a sense of shock,” said Rana Sarkar, consul general of Canada in San Francisco. “Economic crisis within Canada will no doubt ensue from this, but it will also be deeply painful in the United States.”\u003c/p>\n\u003cp>California recently became the first state to \u003ca href=\"https://calmatters.org/politics/2025/04/california-trump-tariffs-lawsuit/\">sue the Trump administration over tariffs\u003c/a>. Gov. Gavin Newsom said the tariffs’ trade and geopolitical effects are “outsized,” while Attorney General Rob Bonta said the president bypassed the power of Congress to tax and regulate commerce by declaring a national emergency. California’s lawsuit seeks to pause the tariffs immediately.[aside postID=forum_2010101909512 hero='https://cdn.kqed.org/wp-content/uploads/sites/43/2025/04/GettyImages-2208657779-1-1020x574.jpg']But in some cases, the damage is already done. The office of U.S. Rep. Mike Thompson, a Democrat whose district includes Napa’s Wine Country, shared anonymized anecdotes from winery owners and managers, who the congressman’s staff said are afraid to go on the record. Thompson’s constituents say their Canadian business partners have canceled hundreds of thousands of dollars worth of orders, and that potential sales to Mexico or the European Union are on hold. One medium-size winery in St. Helena told Thompson’s staff that since the tariffs Trump imposed during his first term, it has lost 90% of its business with China and is no longer seeking to sell there: “China has turned to other wine regions across the globe and we believe rebuilding this market will take over 20 years.”\u003c/p>\n\u003cp>In addition, “the uncertainty itself has had damage, even though we (may not) get the tariffs,” said Daniel Sumner, economics professor and director of the University of California Agricultural Issues Center at UC Davis.\u003c/p>\n\u003cp>California and other producers of agricultural products want to be able to tell customers they’re reliable suppliers, Sumner said. “But you can’t do that if prices can go up. That’s a real problem,” he said.\u003c/p>\n\u003cp>Sumner added: “A major concern for any industry is the increased likelihood of a global recession and slower growth in general.” Investment banks and economists \u003ca href=\"https://www.npr.org/2025/04/07/nx-s1-5354927/recession-trump-tariffs\">have said a recession is likely\u003c/a>. Citing Trump’s tariffs, the International Monetary Fund has \u003ca href=\"https://www.theguardian.com/business/2025/apr/22/imf-major-negative-shock-trump-tariffs-uk\">slashed its forecast\u003c/a> for U.S. and global economic growth this year.\u003c/p>\n\u003ch2>Farming: Almonds, dairy and other crops\u003c/h2>\n\u003cp>Ryan Talley is vice president of Talley Farms in Arroyo Grande, in San Luis Obispo County, which was started in the 1940s by his grandfather. Now his children are the fourth generation of his family to work for the farm, which grows a few dozen crops.\u003c/p>\n\u003cp>Talley said his medium-size farm is still able to sell spinach to Canada, but he’s concerned about being able to sell bell peppers to the country, because harvest season for those won’t come until August through November. He hopes the United States-Mexico-Canada Agreement will protect those sales — but Trump has threatened tariffs on Canada and Mexico a few times.\u003c/p>\n\u003cp>Talley Farms’ other crops — including cabbage, kale, lettuce and corn — are distributed domestically but are highly perishable. Talley said that means it’s tough to adjust operations to any tariffs because of changes to fuel, fertilizing or other supply costs.[aside postID=news_12034730 hero='https://cdn.kqed.org/wp-content/uploads/sites/10/2025/04/iPhone16Getty-1020x680.jpg']“We don’t have months to wait something out,” he said. “We have to continue our operations at the intensity that we currently farm.” He added that “we’re going to have to take those rising prices and deal with it the best we can.”\u003c/p>\n\u003cp>In addition, Talley worries that one possible effect of tariffs is a glut of domestically grown crops. “If the majority of U.S. farms weren’t able to export their product, everything would stay here, which would completely flood the market and send prices down,” he said. “It would be great for consumers (in terms of prices) but in the end it would hurt the American farmer.”\u003c/p>\n\u003cp>But Talley’s biggest concern is his farm’s workers, who could be affected by Trump’s stated intent of mass deportations: “I can withstand an increase in fuel prices and fertilizer prices and regulatory burden to an extent. But if you take away my labor overnight, it would be hard for us.”\u003c/p>\n\u003cp>It’s almost impossible to find a part of California agriculture unaffected by Trump’s tariffs.\u003c/p>\n\u003cp>Shawna Morris, executive vice president of trade policy at the National Milk Producers Federation, said she is concerned about California’s dairy exports to Mexico, including cheese. The other really big market for California dairy products is China, which has already “pulled the trigger” on retaliatory tariffs, Morris said. California’s dairy exports totaled $3.2 billion in 2022.\u003c/p>\n\u003cp>California’s biggest export, almonds, had $4.7 billion in foreign sales in 2022. Their longer shelf life is a plus, said almond farmer Jenny Holtermann, in Kern County. “We harvest once a year, then (our processor partners) sell throughout the year,” she said. “The tariffs won’t affect us instantly.”\u003c/p>\n\u003cp>Holtermann has experience from the tariffs the president imposed during his first term. She would not share specific numbers for her own farm — which has also been in her family for four generations — but acknowledged those tariffs hurt the almond industry, which is “just now starting to rebound.”\u003c/p>\n\u003cp>Almond growers saw their prices drop from $2.50 a pound to $1.40 a pound after Trump’s tariffs in 2018, according to \u003ca href=\"https://giannini.ucop.edu/publications/are-update/issues/2020/23/3/impact-of-the-us-china-trade-war-on-california-agr/\">research\u003c/a> from the University of California Giannini Foundation of Agricultural Economics.\u003c/p>\n\u003cp>Holtermann said farmers’ costs have only gone up, so her farm has adjusted by using less fertilizer, buying fewer tractors or letting trucks run a little longer before replacing them.\u003c/p>\n\u003cp>But she said she thinks the president’s tariffs are part of “a long-game approach … to get our country back to the economic powerhouse we’re supposed to be.”\u003c/p>\n\u003cp>Besides, Holtermann is counting on a couple of things. One is California almonds’ dominance: The state produces 80% of the world’s almonds, says the Almond Alliance.\u003c/p>\n\u003cp>The other thing she’s hoping for is another possible federal bailout, which \u003ca href=\"https://www.yahoo.com/news/bailout-farmers-caught-trump-trade-171113348.html\">reportedly\u003c/a> has been discussed by the Trump administration. During the Trump 1.0 trade war, the federal government provided farmers with “market facilitation funds” of $23 billion to try to offset the business they lost as a result of China’s retaliatory tariffs on the United States, the Government Accountability Office said in a 2021 report.\u003c/p>\n\u003cp>The U.S. Department of Agriculture has not responded to CalMatters’ questions.\u003c/p>\n\u003cp>Those funds helped her farm last time, Holtermann said, so she’s hoping for more of the same. “I do know he supports agriculture,” she said of the president. “He’s had a lot of meetings with agriculture organizations.”\u003c/p>\n\u003cp>Still, she expects to take a short-term hit from tariffs this time around, including losing business from certain countries. “I’m not naive,” Holtermann said. “I’m sure we will miss a portion of that market share.”\u003c/p>\n\u003cp>But Shannon Douglass, president of the California Farm Bureau, is concerned about getting global buyers to return once they switch to other sources. “We know the last round, almonds and pistachios saw a 20% drop in exports,” she said. “Once they have moved it can take a long time to get those markets back.”\u003c/p>\n\u003cp>\u003cem>This article was \u003ca href=\"https://calmatters.org/economy/2025/04/tariffs-california-agriculture-wine/\">originally published on CalMatters\u003c/a> and was republished under the \u003ca href=\"https://creativecommons.org/licenses/by-nc-nd/4.0/\">Creative Commons Attribution-NonCommercial-NoDerivatives\u003c/a> license.\u003c/em>\u003c/p>\n\u003cp>[ad floatright]\u003c/p>\n",
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"excerpt": "From higher costs to export worries, California’s agricultural and wine industries face many possible tariff effects. But some hope for opportunity.",
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"title": "How Trump Tariffs Could Upend California Farms, Wine Businesses and Ports | KQED",
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"content": "\u003cdiv class=\"post-body\">\u003cp>\u003cp>\u003cem>This story was originally published by \u003ca href=\"https://calmatters.org/\">CalMatters\u003c/a>. \u003ca href=\"https://calmatters.org/subscribe-to-calmatters/\">Sign up\u003c/a> for their newsletters.\u003c/em>\u003c/p>\n\u003cp>President Donald Trump’s on-again, off-again tariffs are putting many California businesses, jobs and the \u003ca href=\"https://calmatters.org/newsletter/trump-tariffs-california-budget/\">state budget\u003c/a> at risk. They’re affecting not only long-term relationships with trading partners, but an intricate web of ecosystems and supply chains.\u003c/p>\n\u003cp>The California business owners and groups grappling with the tariffs — wine shop owners, winery founders, farmers — say the precise effects on their industries are unclear so far. They hope there will be an upside.\u003c/p>\n\u003cp>But for those who have a broad view of trade, things look grim.\u003c/p>\n\u003cp>The Port of Los Angeles and the Port of Long Beach, the busiest ports in North America, both saw first-quarter increases in imports, but declines in exports, year over year.\u003c/p>\n\u003cp>\u003c/p>\u003c/div>",
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"content": "\u003cdiv class=\"post-body\">\u003cp>\u003c/p>\n\u003cp>Gene Seroka, executive director for the Port of Los Angeles, attributed the higher volume of cargo being moved to “front-loading as a hedge against tariffs” during a recent media briefing. But he said his port saw year-over-year declines in exports for the fourth month in a row, “raising concerns for our (agriculture) and manufacturing partners as counter-tariffs on exports begin to take effect.”\u003c/p>\n\u003cp>Seroka — who said companies have been telling him they are holding back on hiring and capital investments — predicted a slowdown in cargo movement beginning in May, and expects a 10% drop in volume from July until next year. His predictions are already beginning to show up in the port’s import volume.\u003c/p>\n\u003cp>Some of that may be due to a decline in Chinese imports. On April 9, Trump raised his tariff on China to 145%, although he later exempted certain electronics, such as laptops and smartphones. China responded on April 12 with 125% tariffs on U.S. products. Chinese goods represent 40% of the imports that pass through the Port of Los Angeles, Seroka said.\u003c/p>\n\u003cp>A decline in volume will affect port jobs, though he doesn’t anticipate mass layoffs, he said. More than 1.5 million jobs are tied to the two Southern California ports.\u003c/p>\n\u003cp>The effects of decreased trade will vary for different businesses in the state — even within the same industries.\u003c/p>\n\u003ch2>The California wine industry\u003c/h2>\n\u003cp>A wine merchant in Walnut Creek who sells mostly European wines — on which the president \u003ca href=\"https://edition.cnn.com/2025/03/13/business/alcohol-tariffs-eu-trump-trade-war/index.html\">has threatened 200% tariffs\u003c/a> — said he’s going to have to make adjustments, like carrying more California wines, or consider closing up shop.\u003c/p>\n\u003cp>“I’d have to think about whether it’s worthwhile staying in business,” said Igor Ivanov, owner of wine shop Vinous Reverie. He added that the tariff issues are just the latest of the wine industry’s woes, which include the fact that people just \u003ca href=\"https://www.nbcnews.com/data-graphics/data-shows-wine-decline-consumers-spending-less-drinking-less-rcna187628\">aren’t drinking as much alcohol\u003c/a> as they used to.\u003c/p>\n\u003cp>On the other hand, increased tariffs on European wine could help boost California wine.\u003c/p>\u003c/div>",
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"content": "\u003cdiv class=\"post-body\">\u003cp>Natalie Collins, president of the California Association of Winegrape Growers, said tariffs on competing wines could help local wine growers.\u003c/p>\n\u003cp>Bruce Lundquist, co-founder of Rack & Riddle, which he said is the largest custom producer of sparkling wine in the nation, agreed with Collins: “I wish Americans would look at wines grown in their backyard.”\u003c/p>\n\u003cp>Lundquist said so far Healdsburg-based Rack & Riddle is OK — the company is stocked up on supplies that he orders from different places, both in and out of the country. But he can’t say what his winery and retail clients might be going through. Lundquist worries about tariff uncertainty dragging on, say through next year. “There would have to be a reckoning if this thing were to go on,” he said. “It’s already hard enough to run a winery.”\u003c/p>\n\u003cp>What’s at stake as the U.S. wine industry grapples with tariffs: $86 billion in annual sales, U.S. Census Bureau data said. California exported $1.3 billion worth of wine in 2022, per the California Department of Food and Agriculture.\u003c/p>\n\u003cp>Even if the wine produced in this country stays here, tariffs mean winemakers face higher costs on everything from bottles — glass mostly imported from China — to labels and corks, to metal posts and wooden stakes for the vines. As for U.S. wine exports, 95% of those come from California, says Gino DiCaro, spokesperson for the Wine Institute.\u003c/p>\n\u003cp>And 35% of exports go to Canada, which now has a serious don’t-buy-American, \u003ca href=\"https://calmatters.org/economy/2025/04/california-tourism-canada/\">don’t-go-to-America campaign\u003c/a> in effect because of the president’s threats about tariffs and annexing Canada.\u003c/p>\n\u003cp>“(Canadians) are voting with their feet, and there’s a real sense of betrayal and a sense of shock,” said Rana Sarkar, consul general of Canada in San Francisco. “Economic crisis within Canada will no doubt ensue from this, but it will also be deeply painful in the United States.”\u003c/p>\n\u003cp>California recently became the first state to \u003ca href=\"https://calmatters.org/politics/2025/04/california-trump-tariffs-lawsuit/\">sue the Trump administration over tariffs\u003c/a>. Gov. Gavin Newsom said the tariffs’ trade and geopolitical effects are “outsized,” while Attorney General Rob Bonta said the president bypassed the power of Congress to tax and regulate commerce by declaring a national emergency. California’s lawsuit seeks to pause the tariffs immediately.\u003c/p>\u003c/div>",
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"content": "\u003cdiv class=\"post-body\">\u003cp>But in some cases, the damage is already done. The office of U.S. Rep. Mike Thompson, a Democrat whose district includes Napa’s Wine Country, shared anonymized anecdotes from winery owners and managers, who the congressman’s staff said are afraid to go on the record. Thompson’s constituents say their Canadian business partners have canceled hundreds of thousands of dollars worth of orders, and that potential sales to Mexico or the European Union are on hold. One medium-size winery in St. Helena told Thompson’s staff that since the tariffs Trump imposed during his first term, it has lost 90% of its business with China and is no longer seeking to sell there: “China has turned to other wine regions across the globe and we believe rebuilding this market will take over 20 years.”\u003c/p>\n\u003cp>In addition, “the uncertainty itself has had damage, even though we (may not) get the tariffs,” said Daniel Sumner, economics professor and director of the University of California Agricultural Issues Center at UC Davis.\u003c/p>\n\u003cp>California and other producers of agricultural products want to be able to tell customers they’re reliable suppliers, Sumner said. “But you can’t do that if prices can go up. That’s a real problem,” he said.\u003c/p>\n\u003cp>Sumner added: “A major concern for any industry is the increased likelihood of a global recession and slower growth in general.” Investment banks and economists \u003ca href=\"https://www.npr.org/2025/04/07/nx-s1-5354927/recession-trump-tariffs\">have said a recession is likely\u003c/a>. Citing Trump’s tariffs, the International Monetary Fund has \u003ca href=\"https://www.theguardian.com/business/2025/apr/22/imf-major-negative-shock-trump-tariffs-uk\">slashed its forecast\u003c/a> for U.S. and global economic growth this year.\u003c/p>\n\u003ch2>Farming: Almonds, dairy and other crops\u003c/h2>\n\u003cp>Ryan Talley is vice president of Talley Farms in Arroyo Grande, in San Luis Obispo County, which was started in the 1940s by his grandfather. Now his children are the fourth generation of his family to work for the farm, which grows a few dozen crops.\u003c/p>\n\u003cp>Talley said his medium-size farm is still able to sell spinach to Canada, but he’s concerned about being able to sell bell peppers to the country, because harvest season for those won’t come until August through November. He hopes the United States-Mexico-Canada Agreement will protect those sales — but Trump has threatened tariffs on Canada and Mexico a few times.\u003c/p>\n\u003cp>Talley Farms’ other crops — including cabbage, kale, lettuce and corn — are distributed domestically but are highly perishable. Talley said that means it’s tough to adjust operations to any tariffs because of changes to fuel, fertilizing or other supply costs.\u003c/p>\u003c/div>",
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"content": "\u003cdiv class=\"post-body\">\u003cp>“We don’t have months to wait something out,” he said. “We have to continue our operations at the intensity that we currently farm.” He added that “we’re going to have to take those rising prices and deal with it the best we can.”\u003c/p>\n\u003cp>In addition, Talley worries that one possible effect of tariffs is a glut of domestically grown crops. “If the majority of U.S. farms weren’t able to export their product, everything would stay here, which would completely flood the market and send prices down,” he said. “It would be great for consumers (in terms of prices) but in the end it would hurt the American farmer.”\u003c/p>\n\u003cp>But Talley’s biggest concern is his farm’s workers, who could be affected by Trump’s stated intent of mass deportations: “I can withstand an increase in fuel prices and fertilizer prices and regulatory burden to an extent. But if you take away my labor overnight, it would be hard for us.”\u003c/p>\n\u003cp>It’s almost impossible to find a part of California agriculture unaffected by Trump’s tariffs.\u003c/p>\n\u003cp>Shawna Morris, executive vice president of trade policy at the National Milk Producers Federation, said she is concerned about California’s dairy exports to Mexico, including cheese. The other really big market for California dairy products is China, which has already “pulled the trigger” on retaliatory tariffs, Morris said. California’s dairy exports totaled $3.2 billion in 2022.\u003c/p>\n\u003cp>California’s biggest export, almonds, had $4.7 billion in foreign sales in 2022. Their longer shelf life is a plus, said almond farmer Jenny Holtermann, in Kern County. “We harvest once a year, then (our processor partners) sell throughout the year,” she said. “The tariffs won’t affect us instantly.”\u003c/p>\n\u003cp>Holtermann has experience from the tariffs the president imposed during his first term. She would not share specific numbers for her own farm — which has also been in her family for four generations — but acknowledged those tariffs hurt the almond industry, which is “just now starting to rebound.”\u003c/p>\n\u003cp>Almond growers saw their prices drop from $2.50 a pound to $1.40 a pound after Trump’s tariffs in 2018, according to \u003ca href=\"https://giannini.ucop.edu/publications/are-update/issues/2020/23/3/impact-of-the-us-china-trade-war-on-california-agr/\">research\u003c/a> from the University of California Giannini Foundation of Agricultural Economics.\u003c/p>\n\u003cp>Holtermann said farmers’ costs have only gone up, so her farm has adjusted by using less fertilizer, buying fewer tractors or letting trucks run a little longer before replacing them.\u003c/p>\n\u003cp>But she said she thinks the president’s tariffs are part of “a long-game approach … to get our country back to the economic powerhouse we’re supposed to be.”\u003c/p>\n\u003cp>Besides, Holtermann is counting on a couple of things. One is California almonds’ dominance: The state produces 80% of the world’s almonds, says the Almond Alliance.\u003c/p>\n\u003cp>The other thing she’s hoping for is another possible federal bailout, which \u003ca href=\"https://www.yahoo.com/news/bailout-farmers-caught-trump-trade-171113348.html\">reportedly\u003c/a> has been discussed by the Trump administration. During the Trump 1.0 trade war, the federal government provided farmers with “market facilitation funds” of $23 billion to try to offset the business they lost as a result of China’s retaliatory tariffs on the United States, the Government Accountability Office said in a 2021 report.\u003c/p>\n\u003cp>The U.S. Department of Agriculture has not responded to CalMatters’ questions.\u003c/p>\n\u003cp>Those funds helped her farm last time, Holtermann said, so she’s hoping for more of the same. “I do know he supports agriculture,” she said of the president. “He’s had a lot of meetings with agriculture organizations.”\u003c/p>\n\u003cp>Still, she expects to take a short-term hit from tariffs this time around, including losing business from certain countries. “I’m not naive,” Holtermann said. “I’m sure we will miss a portion of that market share.”\u003c/p>\n\u003cp>But Shannon Douglass, president of the California Farm Bureau, is concerned about getting global buyers to return once they switch to other sources. “We know the last round, almonds and pistachios saw a 20% drop in exports,” she said. “Once they have moved it can take a long time to get those markets back.”\u003c/p>\n\u003cp>\u003cem>This article was \u003ca href=\"https://calmatters.org/economy/2025/04/tariffs-california-agriculture-wine/\">originally published on CalMatters\u003c/a> and was republished under the \u003ca href=\"https://creativecommons.org/licenses/by-nc-nd/4.0/\">Creative Commons Attribution-NonCommercial-NoDerivatives\u003c/a> license.\u003c/em>\u003c/p>\n\u003cp>\u003c/p>\u003c/div>",
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"title": "San Francisco Chinatown Businesses Enter Survival Mode During Trade War",
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"content": "\u003cp>Business owners like Mei Zhu in \u003ca href=\"https://www.kqed.org/news/tag/san-francisco\">San Francisco’s\u003c/a> Chinatown say they’re struggling to stay afloat, facing declining sales and an uncertain future, as the U.S.-China trade war drags on.\u003c/p>\n\u003cp>“With tariffs increasing so drastically, it’s very difficult to keep it going,” said Zhu, who has owned Mei’s Grocery on Stockton Street for the past 11 years.\u003c/p>\n\u003cp>Around 90% of the goods at her store are imported from China — now subject to \u003ca href=\"https://www.whitehouse.gov/fact-sheets/2025/04/fact-sheet-president-donald-j-trump-ensures-national-security-and-economic-resilience-through-section-232-actions-on-processed-critical-minerals-and-derivative-products/\">tariffs\u003c/a> as high as 245%. Her inventory includes sauces, dry noodles, candies and cookies.\u003c/p>\n\u003cp>[ad fullwidth]\u003c/p>\n\u003cp>According to Zhu, wholesalers have absorbed some of the price hikes associated with the tariffs, so she’s raised her prices by 50% for certain items. However, some products now cost 145% more, so she’s stopped stocking them. For the remaining stock, higher prices are driving customers away, and sales are down 30%, Zhu said.\u003c/p>\n\u003cp>“If things continue like this for another month or two, the only option is to end the business and stop operating,” she said.\u003c/p>\n\u003cfigure id=\"attachment_12037242\" class=\"wp-caption aligncenter\" style=\"max-width: 2000px\">\u003cimg loading=\"lazy\" decoding=\"async\" class=\"size-full wp-image-12037242\" src=\"https://cdn.kqed.org/wp-content/uploads/sites/10/2025/04/250421-CHINATOWNTARIFFS-24-BL-KQED.jpg\" alt=\"\" width=\"2000\" height=\"1333\" srcset=\"https://cdn.kqed.org/wp-content/uploads/sites/10/2025/04/250421-CHINATOWNTARIFFS-24-BL-KQED.jpg 2000w, https://cdn.kqed.org/wp-content/uploads/sites/10/2025/04/250421-CHINATOWNTARIFFS-24-BL-KQED-800x533.jpg 800w, https://cdn.kqed.org/wp-content/uploads/sites/10/2025/04/250421-CHINATOWNTARIFFS-24-BL-KQED-1020x680.jpg 1020w, https://cdn.kqed.org/wp-content/uploads/sites/10/2025/04/250421-CHINATOWNTARIFFS-24-BL-KQED-160x107.jpg 160w, https://cdn.kqed.org/wp-content/uploads/sites/10/2025/04/250421-CHINATOWNTARIFFS-24-BL-KQED-1536x1024.jpg 1536w, https://cdn.kqed.org/wp-content/uploads/sites/10/2025/04/250421-CHINATOWNTARIFFS-24-BL-KQED-1920x1280.jpg 1920w\" sizes=\"auto, (max-width: 2000px) 100vw, 2000px\">\u003cfigcaption class=\"wp-caption-text\">Mei Zhu stocks items in her grocery store, Mei’s Grocery, in San Francisco’s Chinatown neighborhood on April 21, 2025. \u003ccite>(Beth LaBerge/KQED)\u003c/cite>\u003c/figcaption>\u003c/figure>\n\u003cp>Several Chinatown business owners, interviewed by KQED through a Cantonese interpreter, echoed Zhu’s concerns. They say that if the trade war persists, they’ll be forced to shut down or retire early.\u003c/p>\n\u003cp>The situation has pushed San Francisco’s Chinatown — which has served as an immigrant gateway and economic hub for more than a century — into an existential crisis, according to Malcolm Yeung, executive director of the Chinatown Community Development Center.[aside postID=news_12035335 hero='https://cdn.kqed.org/wp-content/uploads/sites/10/2025/04/20250415_BIKETARIFF_GC-3-KQED-1020x680.jpg']“ This has always been a community that has been built around trade,” he said. “Trade created an opportunity for upward economic mobility for people through owning stores, or by leveraging relationships that they have back in China.”\u003c/p>\n\u003cp>Yeung said the tariffs signal that this way of life is cut off.\u003c/p>\n\u003cp>Since taking office, President Donald Trump has deployed tariffs as a tool to pursue his policy agenda, which is meant to encourage domestic manufacturing and reduce trade deficits between the U.S. and its largest trading partners. China, in particular, has retaliated by raising its tariffs on all U.S. goods to 125%. As of Friday, China \u003ca href=\"https://www.cnn.com/2025/04/25/business/china-us-tariffs-semiconductors-exemptions-hnk-intl/index.html\">reportedly\u003c/a> appeared to roll back some of the tax on U.S.-made semiconductors.\u003c/p>\n\u003cp>David Bachman, a professor of China studies at the University of Washington, said Trump’s tariff policies could be better defined.\u003c/p>\n\u003cp>“If [the Trump administration] is out to re-establish American manufacturing, they could have confined those tariffs to manufactured products and ignored agricultural products or other areas where it was extremely unlikely that the U.S. would establish production lines,” Bachman said.\u003c/p>\n\u003cfigure id=\"attachment_12037241\" class=\"wp-caption aligncenter\" style=\"max-width: 2000px\">\u003cimg loading=\"lazy\" decoding=\"async\" class=\"size-full wp-image-12037241\" src=\"https://cdn.kqed.org/wp-content/uploads/sites/10/2025/04/250421-CHINATOWNTARIFFS-22-BL-KQED.jpg\" alt=\"\" width=\"2000\" height=\"1333\" srcset=\"https://cdn.kqed.org/wp-content/uploads/sites/10/2025/04/250421-CHINATOWNTARIFFS-22-BL-KQED.jpg 2000w, https://cdn.kqed.org/wp-content/uploads/sites/10/2025/04/250421-CHINATOWNTARIFFS-22-BL-KQED-800x533.jpg 800w, https://cdn.kqed.org/wp-content/uploads/sites/10/2025/04/250421-CHINATOWNTARIFFS-22-BL-KQED-1020x680.jpg 1020w, https://cdn.kqed.org/wp-content/uploads/sites/10/2025/04/250421-CHINATOWNTARIFFS-22-BL-KQED-160x107.jpg 160w, https://cdn.kqed.org/wp-content/uploads/sites/10/2025/04/250421-CHINATOWNTARIFFS-22-BL-KQED-1536x1024.jpg 1536w, https://cdn.kqed.org/wp-content/uploads/sites/10/2025/04/250421-CHINATOWNTARIFFS-22-BL-KQED-1920x1280.jpg 1920w\" sizes=\"auto, (max-width: 2000px) 100vw, 2000px\">\u003cfigcaption class=\"wp-caption-text\">Grant Avenue in San Francisco’s Chinatown neighborhood on April 21, 2025. \u003ccite>(Beth LaBerge/KQED)\u003c/cite>\u003c/figcaption>\u003c/figure>\n\u003cp>Consumers of Chinese imports are likely to feel the impacts of the tariffs, too, according to Bachman.\u003c/p>\n\u003cp>Daniel Young lives in Antioch and travels to the Chinatowns in San Francisco and Oakland to get things he can’t get anywhere else. He had a grocery bag full of Chinese products, including “Spanish ham” and lamb-flavored potato chips.\u003c/p>\n\u003cp>“ These bags were $11 a piece. They used to be $7. It’s ridiculous,” Young said, referring to a bag of fortune cookies he had bought.\u003c/p>\n\u003cp>Sam Liang, owner of Run Feng Hai Wei Chinese Herbal in San Francisco’s Chinatown, sells ingredients used in traditional Chinese medicine, including Tangerine peels, ginseng and chrysanthemum flowers. He said his suppliers have raised their prices by $3 to $4 a pound.\u003c/p>\n\u003cfigure id=\"attachment_12037237\" class=\"wp-caption aligncenter\" style=\"max-width: 2000px\">\u003cimg loading=\"lazy\" decoding=\"async\" class=\"size-full wp-image-12037237\" src=\"https://cdn.kqed.org/wp-content/uploads/sites/10/2025/04/250421-CHINATOWNTARIFFS-06-BL-KQED.jpg\" alt=\"\" width=\"2000\" height=\"1333\" srcset=\"https://cdn.kqed.org/wp-content/uploads/sites/10/2025/04/250421-CHINATOWNTARIFFS-06-BL-KQED.jpg 2000w, https://cdn.kqed.org/wp-content/uploads/sites/10/2025/04/250421-CHINATOWNTARIFFS-06-BL-KQED-800x533.jpg 800w, https://cdn.kqed.org/wp-content/uploads/sites/10/2025/04/250421-CHINATOWNTARIFFS-06-BL-KQED-1020x680.jpg 1020w, https://cdn.kqed.org/wp-content/uploads/sites/10/2025/04/250421-CHINATOWNTARIFFS-06-BL-KQED-160x107.jpg 160w, https://cdn.kqed.org/wp-content/uploads/sites/10/2025/04/250421-CHINATOWNTARIFFS-06-BL-KQED-1536x1024.jpg 1536w, https://cdn.kqed.org/wp-content/uploads/sites/10/2025/04/250421-CHINATOWNTARIFFS-06-BL-KQED-1920x1280.jpg 1920w\" sizes=\"auto, (max-width: 2000px) 100vw, 2000px\">\u003cfigcaption class=\"wp-caption-text\">Owner Sam Liang weighs medical herbs at his shop, Run Feng Hai Wei Chinese Herbal Inc., in San Francisco’s Chinatown neighborhood on April 21, 2025. \u003ccite>(Beth LaBerge/KQED)\u003c/cite>\u003c/figcaption>\u003c/figure>\n\u003cp>“The impact is already becoming apparent now. When we go to suppliers to get goods, they’re often out of stock or have shortages,” Liang said.\u003c/p>\n\u003cp>Liang has operated Chinese medicine businesses in San Francisco’s Chinatown for the past eight years. He said his business was already struggling, but with the latest tariffs, revenue and profit have decreased by around 30%.\u003c/p>\n\u003cp>He added that some products might not appeal to his customers if they are manufactured in other countries.\u003c/p>\n\u003cp>“I’m worried about running out of inventory,” Liang said.\u003c/p>\n\u003cfigure id=\"attachment_12037238\" class=\"wp-caption aligncenter\" style=\"max-width: 2000px\">\u003cimg loading=\"lazy\" decoding=\"async\" class=\"size-full wp-image-12037238\" src=\"https://cdn.kqed.org/wp-content/uploads/sites/10/2025/04/250421-CHINATOWNTARIFFS-09-BL-KQED.jpg\" alt=\"\" width=\"2000\" height=\"1333\" srcset=\"https://cdn.kqed.org/wp-content/uploads/sites/10/2025/04/250421-CHINATOWNTARIFFS-09-BL-KQED.jpg 2000w, https://cdn.kqed.org/wp-content/uploads/sites/10/2025/04/250421-CHINATOWNTARIFFS-09-BL-KQED-800x533.jpg 800w, https://cdn.kqed.org/wp-content/uploads/sites/10/2025/04/250421-CHINATOWNTARIFFS-09-BL-KQED-1020x680.jpg 1020w, https://cdn.kqed.org/wp-content/uploads/sites/10/2025/04/250421-CHINATOWNTARIFFS-09-BL-KQED-160x107.jpg 160w, https://cdn.kqed.org/wp-content/uploads/sites/10/2025/04/250421-CHINATOWNTARIFFS-09-BL-KQED-1536x1024.jpg 1536w, https://cdn.kqed.org/wp-content/uploads/sites/10/2025/04/250421-CHINATOWNTARIFFS-09-BL-KQED-1920x1280.jpg 1920w\" sizes=\"auto, (max-width: 2000px) 100vw, 2000px\">\u003cfigcaption class=\"wp-caption-text\">Owner Sam Liang at his shop, Run Feng Hai Wei Chinese Herbal Inc., in San Francisco’s Chinatown neighborhood on April 21, 2025. \u003ccite>(Beth LaBerge/KQED)\u003c/cite>\u003c/figcaption>\u003c/figure>\n\u003cp>These merchants may experience relief from the economic pressures soon. On Tuesday, Trump \u003ca href=\"https://www.cnn.com/2025/04/22/business/trump-china-trade-war-reduction-hnk-intl/index.html\">signaled\u003c/a> that the “tariffs will come down substantially.”\u003c/p>\n\u003cp>“It’s very difficult to predict; we’re just taking it one day at a time,” said Liu, owner of Beijing Shopping Center, which specializes in specialty clothing from China, such as hand-embroidered wedding dresses.\u003c/p>\n\u003cp>Lui added that if the tariffs continue, she’ll consider pivoting to sell more clothing produced domestically — or close the store entirely.\u003c/p>\n\u003cfigure id=\"attachment_12037245\" class=\"wp-caption aligncenter\" style=\"max-width: 2000px\">\u003cimg loading=\"lazy\" decoding=\"async\" class=\"size-full wp-image-12037245\" src=\"https://cdn.kqed.org/wp-content/uploads/sites/10/2025/04/250421-CHINATOWNTARIFFS-31-BL-KQED.jpg\" alt=\"\" width=\"2000\" height=\"1333\" srcset=\"https://cdn.kqed.org/wp-content/uploads/sites/10/2025/04/250421-CHINATOWNTARIFFS-31-BL-KQED.jpg 2000w, https://cdn.kqed.org/wp-content/uploads/sites/10/2025/04/250421-CHINATOWNTARIFFS-31-BL-KQED-800x533.jpg 800w, https://cdn.kqed.org/wp-content/uploads/sites/10/2025/04/250421-CHINATOWNTARIFFS-31-BL-KQED-1020x680.jpg 1020w, https://cdn.kqed.org/wp-content/uploads/sites/10/2025/04/250421-CHINATOWNTARIFFS-31-BL-KQED-160x107.jpg 160w, https://cdn.kqed.org/wp-content/uploads/sites/10/2025/04/250421-CHINATOWNTARIFFS-31-BL-KQED-1536x1024.jpg 1536w, https://cdn.kqed.org/wp-content/uploads/sites/10/2025/04/250421-CHINATOWNTARIFFS-31-BL-KQED-1920x1280.jpg 1920w\" sizes=\"auto, (max-width: 2000px) 100vw, 2000px\">\u003cfigcaption class=\"wp-caption-text\">Imported items fill the wall at Beijing Shopping Center in San Francisco’s Chinatown neighborhood on April 21, 2025. \u003ccite>(Beth LaBerge/KQED)\u003c/cite>\u003c/figcaption>\u003c/figure>\n\u003cp>Yeung said business owners in the neighborhood are feeling an “emerging sense of powerlessness,” but he’s confident the community will weather the storm, given its history of surviving adversity.\u003c/p>\n\u003cp>He said the community has overcome discriminatory policies, like the \u003ca href=\"https://www.kqed.org/news/12034009/angel-island-exhibit-aims-shine-light-border-surveillance-american-exclusion\">Chinese Exclusion Act\u003c/a>, urban redevelopment and, more recently, the COVID-19 pandemic and the subsequent rise in \u003ca href=\"https://www.kqed.org/news/11961693/californias-anti-asian-hate-crimes-decline-but-long-term-pattern-persists\">hate crimes targeting Asian communities\u003c/a>.\u003c/p>\n\u003cp>“ That’s actually the Chinatown story more than virtually anything else,” Yeung said. “We’ve found ways to just be here through thick and thin. I think we’re entering into a thin period, but this community in many ways is built for that.”\u003c/p>\n\u003cp>\u003c/p>\n",
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"excerpt": "Small business owners in San Francisco’s Chinatown have long relied on imports from China, but this economic connection could be in jeopardy under the current trade war. ",
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"content": "\u003cdiv class=\"post-body\">\u003cp>\u003cp>Business owners like Mei Zhu in \u003ca href=\"https://www.kqed.org/news/tag/san-francisco\">San Francisco’s\u003c/a> Chinatown say they’re struggling to stay afloat, facing declining sales and an uncertain future, as the U.S.-China trade war drags on.\u003c/p>\n\u003cp>“With tariffs increasing so drastically, it’s very difficult to keep it going,” said Zhu, who has owned Mei’s Grocery on Stockton Street for the past 11 years.\u003c/p>\n\u003cp>Around 90% of the goods at her store are imported from China — now subject to \u003ca href=\"https://www.whitehouse.gov/fact-sheets/2025/04/fact-sheet-president-donald-j-trump-ensures-national-security-and-economic-resilience-through-section-232-actions-on-processed-critical-minerals-and-derivative-products/\">tariffs\u003c/a> as high as 245%. Her inventory includes sauces, dry noodles, candies and cookies.\u003c/p>\n\u003cp>\u003c/p>\u003c/div>",
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"content": "\u003cdiv class=\"post-body\">\u003cp>\u003c/p>\n\u003cp>According to Zhu, wholesalers have absorbed some of the price hikes associated with the tariffs, so she’s raised her prices by 50% for certain items. However, some products now cost 145% more, so she’s stopped stocking them. For the remaining stock, higher prices are driving customers away, and sales are down 30%, Zhu said.\u003c/p>\n\u003cp>“If things continue like this for another month or two, the only option is to end the business and stop operating,” she said.\u003c/p>\n\u003cfigure id=\"attachment_12037242\" class=\"wp-caption aligncenter\" style=\"max-width: 2000px\">\u003cimg loading=\"lazy\" decoding=\"async\" class=\"size-full wp-image-12037242\" src=\"https://cdn.kqed.org/wp-content/uploads/sites/10/2025/04/250421-CHINATOWNTARIFFS-24-BL-KQED.jpg\" alt=\"\" width=\"2000\" height=\"1333\" srcset=\"https://cdn.kqed.org/wp-content/uploads/sites/10/2025/04/250421-CHINATOWNTARIFFS-24-BL-KQED.jpg 2000w, https://cdn.kqed.org/wp-content/uploads/sites/10/2025/04/250421-CHINATOWNTARIFFS-24-BL-KQED-800x533.jpg 800w, https://cdn.kqed.org/wp-content/uploads/sites/10/2025/04/250421-CHINATOWNTARIFFS-24-BL-KQED-1020x680.jpg 1020w, https://cdn.kqed.org/wp-content/uploads/sites/10/2025/04/250421-CHINATOWNTARIFFS-24-BL-KQED-160x107.jpg 160w, https://cdn.kqed.org/wp-content/uploads/sites/10/2025/04/250421-CHINATOWNTARIFFS-24-BL-KQED-1536x1024.jpg 1536w, https://cdn.kqed.org/wp-content/uploads/sites/10/2025/04/250421-CHINATOWNTARIFFS-24-BL-KQED-1920x1280.jpg 1920w\" sizes=\"auto, (max-width: 2000px) 100vw, 2000px\">\u003cfigcaption class=\"wp-caption-text\">Mei Zhu stocks items in her grocery store, Mei’s Grocery, in San Francisco’s Chinatown neighborhood on April 21, 2025. \u003ccite>(Beth LaBerge/KQED)\u003c/cite>\u003c/figcaption>\u003c/figure>\n\u003cp>Several Chinatown business owners, interviewed by KQED through a Cantonese interpreter, echoed Zhu’s concerns. They say that if the trade war persists, they’ll be forced to shut down or retire early.\u003c/p>\n\u003cp>The situation has pushed San Francisco’s Chinatown — which has served as an immigrant gateway and economic hub for more than a century — into an existential crisis, according to Malcolm Yeung, executive director of the Chinatown Community Development Center.\u003c/p>\u003c/div>",
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"content": "\u003cdiv class=\"post-body\">\u003cp>“ This has always been a community that has been built around trade,” he said. “Trade created an opportunity for upward economic mobility for people through owning stores, or by leveraging relationships that they have back in China.”\u003c/p>\n\u003cp>Yeung said the tariffs signal that this way of life is cut off.\u003c/p>\n\u003cp>Since taking office, President Donald Trump has deployed tariffs as a tool to pursue his policy agenda, which is meant to encourage domestic manufacturing and reduce trade deficits between the U.S. and its largest trading partners. China, in particular, has retaliated by raising its tariffs on all U.S. goods to 125%. As of Friday, China \u003ca href=\"https://www.cnn.com/2025/04/25/business/china-us-tariffs-semiconductors-exemptions-hnk-intl/index.html\">reportedly\u003c/a> appeared to roll back some of the tax on U.S.-made semiconductors.\u003c/p>\n\u003cp>David Bachman, a professor of China studies at the University of Washington, said Trump’s tariff policies could be better defined.\u003c/p>\n\u003cp>“If [the Trump administration] is out to re-establish American manufacturing, they could have confined those tariffs to manufactured products and ignored agricultural products or other areas where it was extremely unlikely that the U.S. would establish production lines,” Bachman said.\u003c/p>\n\u003cfigure id=\"attachment_12037241\" class=\"wp-caption aligncenter\" style=\"max-width: 2000px\">\u003cimg loading=\"lazy\" decoding=\"async\" class=\"size-full wp-image-12037241\" src=\"https://cdn.kqed.org/wp-content/uploads/sites/10/2025/04/250421-CHINATOWNTARIFFS-22-BL-KQED.jpg\" alt=\"\" width=\"2000\" height=\"1333\" srcset=\"https://cdn.kqed.org/wp-content/uploads/sites/10/2025/04/250421-CHINATOWNTARIFFS-22-BL-KQED.jpg 2000w, https://cdn.kqed.org/wp-content/uploads/sites/10/2025/04/250421-CHINATOWNTARIFFS-22-BL-KQED-800x533.jpg 800w, https://cdn.kqed.org/wp-content/uploads/sites/10/2025/04/250421-CHINATOWNTARIFFS-22-BL-KQED-1020x680.jpg 1020w, https://cdn.kqed.org/wp-content/uploads/sites/10/2025/04/250421-CHINATOWNTARIFFS-22-BL-KQED-160x107.jpg 160w, https://cdn.kqed.org/wp-content/uploads/sites/10/2025/04/250421-CHINATOWNTARIFFS-22-BL-KQED-1536x1024.jpg 1536w, https://cdn.kqed.org/wp-content/uploads/sites/10/2025/04/250421-CHINATOWNTARIFFS-22-BL-KQED-1920x1280.jpg 1920w\" sizes=\"auto, (max-width: 2000px) 100vw, 2000px\">\u003cfigcaption class=\"wp-caption-text\">Grant Avenue in San Francisco’s Chinatown neighborhood on April 21, 2025. \u003ccite>(Beth LaBerge/KQED)\u003c/cite>\u003c/figcaption>\u003c/figure>\n\u003cp>Consumers of Chinese imports are likely to feel the impacts of the tariffs, too, according to Bachman.\u003c/p>\n\u003cp>Daniel Young lives in Antioch and travels to the Chinatowns in San Francisco and Oakland to get things he can’t get anywhere else. He had a grocery bag full of Chinese products, including “Spanish ham” and lamb-flavored potato chips.\u003c/p>\n\u003cp>“ These bags were $11 a piece. They used to be $7. It’s ridiculous,” Young said, referring to a bag of fortune cookies he had bought.\u003c/p>\n\u003cp>Sam Liang, owner of Run Feng Hai Wei Chinese Herbal in San Francisco’s Chinatown, sells ingredients used in traditional Chinese medicine, including Tangerine peels, ginseng and chrysanthemum flowers. He said his suppliers have raised their prices by $3 to $4 a pound.\u003c/p>\n\u003cfigure id=\"attachment_12037237\" class=\"wp-caption aligncenter\" style=\"max-width: 2000px\">\u003cimg loading=\"lazy\" decoding=\"async\" class=\"size-full wp-image-12037237\" src=\"https://cdn.kqed.org/wp-content/uploads/sites/10/2025/04/250421-CHINATOWNTARIFFS-06-BL-KQED.jpg\" alt=\"\" width=\"2000\" height=\"1333\" srcset=\"https://cdn.kqed.org/wp-content/uploads/sites/10/2025/04/250421-CHINATOWNTARIFFS-06-BL-KQED.jpg 2000w, https://cdn.kqed.org/wp-content/uploads/sites/10/2025/04/250421-CHINATOWNTARIFFS-06-BL-KQED-800x533.jpg 800w, https://cdn.kqed.org/wp-content/uploads/sites/10/2025/04/250421-CHINATOWNTARIFFS-06-BL-KQED-1020x680.jpg 1020w, https://cdn.kqed.org/wp-content/uploads/sites/10/2025/04/250421-CHINATOWNTARIFFS-06-BL-KQED-160x107.jpg 160w, https://cdn.kqed.org/wp-content/uploads/sites/10/2025/04/250421-CHINATOWNTARIFFS-06-BL-KQED-1536x1024.jpg 1536w, https://cdn.kqed.org/wp-content/uploads/sites/10/2025/04/250421-CHINATOWNTARIFFS-06-BL-KQED-1920x1280.jpg 1920w\" sizes=\"auto, (max-width: 2000px) 100vw, 2000px\">\u003cfigcaption class=\"wp-caption-text\">Owner Sam Liang weighs medical herbs at his shop, Run Feng Hai Wei Chinese Herbal Inc., in San Francisco’s Chinatown neighborhood on April 21, 2025. \u003ccite>(Beth LaBerge/KQED)\u003c/cite>\u003c/figcaption>\u003c/figure>\n\u003cp>“The impact is already becoming apparent now. When we go to suppliers to get goods, they’re often out of stock or have shortages,” Liang said.\u003c/p>\n\u003cp>Liang has operated Chinese medicine businesses in San Francisco’s Chinatown for the past eight years. He said his business was already struggling, but with the latest tariffs, revenue and profit have decreased by around 30%.\u003c/p>\n\u003cp>He added that some products might not appeal to his customers if they are manufactured in other countries.\u003c/p>\n\u003cp>“I’m worried about running out of inventory,” Liang said.\u003c/p>\n\u003cfigure id=\"attachment_12037238\" class=\"wp-caption aligncenter\" style=\"max-width: 2000px\">\u003cimg loading=\"lazy\" decoding=\"async\" class=\"size-full wp-image-12037238\" src=\"https://cdn.kqed.org/wp-content/uploads/sites/10/2025/04/250421-CHINATOWNTARIFFS-09-BL-KQED.jpg\" alt=\"\" width=\"2000\" height=\"1333\" srcset=\"https://cdn.kqed.org/wp-content/uploads/sites/10/2025/04/250421-CHINATOWNTARIFFS-09-BL-KQED.jpg 2000w, https://cdn.kqed.org/wp-content/uploads/sites/10/2025/04/250421-CHINATOWNTARIFFS-09-BL-KQED-800x533.jpg 800w, https://cdn.kqed.org/wp-content/uploads/sites/10/2025/04/250421-CHINATOWNTARIFFS-09-BL-KQED-1020x680.jpg 1020w, https://cdn.kqed.org/wp-content/uploads/sites/10/2025/04/250421-CHINATOWNTARIFFS-09-BL-KQED-160x107.jpg 160w, https://cdn.kqed.org/wp-content/uploads/sites/10/2025/04/250421-CHINATOWNTARIFFS-09-BL-KQED-1536x1024.jpg 1536w, https://cdn.kqed.org/wp-content/uploads/sites/10/2025/04/250421-CHINATOWNTARIFFS-09-BL-KQED-1920x1280.jpg 1920w\" sizes=\"auto, (max-width: 2000px) 100vw, 2000px\">\u003cfigcaption class=\"wp-caption-text\">Owner Sam Liang at his shop, Run Feng Hai Wei Chinese Herbal Inc., in San Francisco’s Chinatown neighborhood on April 21, 2025. \u003ccite>(Beth LaBerge/KQED)\u003c/cite>\u003c/figcaption>\u003c/figure>\n\u003cp>These merchants may experience relief from the economic pressures soon. On Tuesday, Trump \u003ca href=\"https://www.cnn.com/2025/04/22/business/trump-china-trade-war-reduction-hnk-intl/index.html\">signaled\u003c/a> that the “tariffs will come down substantially.”\u003c/p>\n\u003cp>“It’s very difficult to predict; we’re just taking it one day at a time,” said Liu, owner of Beijing Shopping Center, which specializes in specialty clothing from China, such as hand-embroidered wedding dresses.\u003c/p>\n\u003cp>Lui added that if the tariffs continue, she’ll consider pivoting to sell more clothing produced domestically — or close the store entirely.\u003c/p>\n\u003cfigure id=\"attachment_12037245\" class=\"wp-caption aligncenter\" style=\"max-width: 2000px\">\u003cimg loading=\"lazy\" decoding=\"async\" class=\"size-full wp-image-12037245\" src=\"https://cdn.kqed.org/wp-content/uploads/sites/10/2025/04/250421-CHINATOWNTARIFFS-31-BL-KQED.jpg\" alt=\"\" width=\"2000\" height=\"1333\" srcset=\"https://cdn.kqed.org/wp-content/uploads/sites/10/2025/04/250421-CHINATOWNTARIFFS-31-BL-KQED.jpg 2000w, https://cdn.kqed.org/wp-content/uploads/sites/10/2025/04/250421-CHINATOWNTARIFFS-31-BL-KQED-800x533.jpg 800w, https://cdn.kqed.org/wp-content/uploads/sites/10/2025/04/250421-CHINATOWNTARIFFS-31-BL-KQED-1020x680.jpg 1020w, https://cdn.kqed.org/wp-content/uploads/sites/10/2025/04/250421-CHINATOWNTARIFFS-31-BL-KQED-160x107.jpg 160w, https://cdn.kqed.org/wp-content/uploads/sites/10/2025/04/250421-CHINATOWNTARIFFS-31-BL-KQED-1536x1024.jpg 1536w, https://cdn.kqed.org/wp-content/uploads/sites/10/2025/04/250421-CHINATOWNTARIFFS-31-BL-KQED-1920x1280.jpg 1920w\" sizes=\"auto, (max-width: 2000px) 100vw, 2000px\">\u003cfigcaption class=\"wp-caption-text\">Imported items fill the wall at Beijing Shopping Center in San Francisco’s Chinatown neighborhood on April 21, 2025. \u003ccite>(Beth LaBerge/KQED)\u003c/cite>\u003c/figcaption>\u003c/figure>\n\u003cp>Yeung said business owners in the neighborhood are feeling an “emerging sense of powerlessness,” but he’s confident the community will weather the storm, given its history of surviving adversity.\u003c/p>\n\u003cp>He said the community has overcome discriminatory policies, like the \u003ca href=\"https://www.kqed.org/news/12034009/angel-island-exhibit-aims-shine-light-border-surveillance-american-exclusion\">Chinese Exclusion Act\u003c/a>, urban redevelopment and, more recently, the COVID-19 pandemic and the subsequent rise in \u003ca href=\"https://www.kqed.org/news/11961693/californias-anti-asian-hate-crimes-decline-but-long-term-pattern-persists\">hate crimes targeting Asian communities\u003c/a>.\u003c/p>\n\u003cp>“ That’s actually the Chinatown story more than virtually anything else,” Yeung said. “We’ve found ways to just be here through thick and thin. I think we’re entering into a thin period, but this community in many ways is built for that.”\u003c/p>\n\u003cp>\u003c/p>\n\u003c/div>\u003c/p>",
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"title": "Trump’s Tariffs Will Stifle Shipping Demand at Port of Oakland, Officials Warn",
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"headTitle": "Trump’s Tariffs Will Stifle Shipping Demand at Port of Oakland, Officials Warn | KQED",
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"content": "\u003cp>Shipping demand is falling at the \u003ca href=\"https://www.kqed.org/news/tag/port-of-oakland\">Port of Oakland\u003c/a> because of the \u003ca href=\"https://www.kqed.org/news/12036199/trumps-tariffs-could-wreck-californias-economy-the-state-is-suing\">Trump administration’s tariffs\u003c/a>, according to local officials.\u003c/p>\n\u003cp>At a roundtable discussion on Thursday, labor leaders, shipping officials and local business representatives warned that a trade war could deal a significant blow to the port.\u003c/p>\n\u003cp>Port officials said container cargo could fall 10% due to U.S. tariffs on foreign goods and the retaliatory tariffs other countries are imposing on American products, but they noted that is a conservative estimate.\u003c/p>\n\u003cp>[ad fullwidth]\u003c/p>\n\u003cp>“This is a crisis,” said Rep. \u003ca href=\"https://www.kqed.org/news/tag/lateefah-simon\">Lateefah Simon\u003c/a>, who represents part of the East Bay, including Oakland. “We want a resolution. Tariffs are not always bad, but a tariff war is a disaster for the United States economy and for the global economy.”\u003c/p>\n\u003cp>Port Executive Director Kristi McKenney, who led the roundtable with Simon, said she is particularly concerned about blank sailings, when ships cancel particular port stops or even entire voyages, often because of lower demand.\u003c/p>\n\u003cp>Those canceled incoming voyages also hinder exporting efforts because incoming shipping containers are often emptied to make room for outgoing goods, McKenney said. That could have a significant effect on American produce, dairy and other goods that flow out of Oakland, which is the country’s largest refrigerated port, she said.\u003c/p>\n\u003cp>[aside postID=news_12035636 hero='https://cdn.kqed.org/wp-content/uploads/sites/10/2025/04/GettyImages-2209401664-1020x718.jpg']\u003c/p>\n\u003cp>Mike Jacob, president of the Pacific Merchant Shipping Association, an organization that represents marine terminal owners and operators along the West Coast, said bookings fell dramatically after President Trump first \u003ca href=\"https://www.kqed.org/news/12034289/trump-launches-liberation-day-tariffs-saying-global-trade-has-plundered-us-economy\">announced sweeping tariffs\u003c/a> on nearly all U.S. trading partners earlier this month, and he’s already seeing canceled voyages from Asia as a result.\u003c/p>\n\u003cp>“It’s almost the exact same thing we saw at the beginning of the pandemic. We had a significant reduction in total throughput,” Jacob said. “We end up having fewer ships that are coming through, we have fewer longshoremen that are working, fewer truckers that are working, fewer warehousemen that are working.”\u003c/p>\n\u003cp>Goods imported from China, a major source of trading for the Oakland port, are now facing a 145% tariff, but the import tax policy has been surrounded by uncertainty. Just days after initially announcing his so-called reciprocal tariffs on dozens of countries, Trump declared a 90-day pause for most countries, with China excluded.\u003c/p>\n\u003cp>Jacob said the pause will likely lead to a short spike in trade, with businesses hoping to sell or buy large quantities of international goods before the tariffs are reimposed, followed by a drop-off once the pause ends.\u003c/p>\n\u003cfigure id=\"attachment_12036220\" class=\"wp-caption aligncenter\" style=\"max-width: 2000px\">\u003cimg loading=\"lazy\" decoding=\"async\" class=\"size-full wp-image-12036220\" src=\"https://cdn.kqed.org/wp-content/uploads/sites/10/2025/04/250306-PORT-OF-OAKLAND-MD-04_qed.jpg\" alt=\"\" width=\"2000\" height=\"1333\" srcset=\"https://cdn.kqed.org/wp-content/uploads/sites/10/2025/04/250306-PORT-OF-OAKLAND-MD-04_qed.jpg 2000w, https://cdn.kqed.org/wp-content/uploads/sites/10/2025/04/250306-PORT-OF-OAKLAND-MD-04_qed-800x533.jpg 800w, https://cdn.kqed.org/wp-content/uploads/sites/10/2025/04/250306-PORT-OF-OAKLAND-MD-04_qed-1020x680.jpg 1020w, https://cdn.kqed.org/wp-content/uploads/sites/10/2025/04/250306-PORT-OF-OAKLAND-MD-04_qed-160x107.jpg 160w, https://cdn.kqed.org/wp-content/uploads/sites/10/2025/04/250306-PORT-OF-OAKLAND-MD-04_qed-1536x1024.jpg 1536w, https://cdn.kqed.org/wp-content/uploads/sites/10/2025/04/250306-PORT-OF-OAKLAND-MD-04_qed-1920x1280.jpg 1920w\" sizes=\"auto, (max-width: 2000px) 100vw, 2000px\">\u003cfigcaption class=\"wp-caption-text\">The Port of Oakland on March 6, 2025. \u003ccite>(Martin do Nascimento/KQED)\u003c/cite>\u003c/figcaption>\u003c/figure>\n\u003cp>And while Trump has said he’s negotiating with China over the tariffs, the Chinese government and U.S. Treasury Secretary Scott Bessent said those talks have not yet started, \u003ca href=\"https://apnews.com/article/trump-tariffs-time-china-switzerland-660aa519e9059de7d81368ec4eef4b38\">the \u003cem>Associated Press\u003c/em> reported\u003c/a> Friday.\u003c/p>\n\u003cp>The far-reaching nature of the tariffs — and the confusion surrounding them — is vastly different from the import taxes Trump imposed during his first term, according to Jacob, who described the earlier tariffs as being levied on specific commodities in specific countries.\u003c/p>\n\u003cp>“That’s not what’s happening now, right? We had these sweeping, across-the-board tariffs that raised a lot of eyebrows, not just about the rates, which were exorbitant, but also about the method and the manner in which they happen,” Jacob said. “No one knows what the ultimate policy goal of those things were.”\u003c/p>\n\u003cp>In Oakland, Simon warned that “there’s a real potentiality of workers losing their jobs.”[aside postID=forum_2010101909222 hero='https://cdn.kqed.org/wp-content/uploads/sites/43/2025/03/Alexis-Madrigal-1020x574.jpg']“Listen, if there were no tariffs, Oakland would be in an emergency,” she said. “Now, we’re in ICU … we have to convince businesses to stay here.”\u003c/p>\n\u003cp>Stephanie Tran, president of the Oakland Chinatown Chamber of Commerce, expressed concern for the \u003ca href=\"https://www.kqed.org/news/12034827/bay-area-business-already-tough-trumps-tariffs-preparing-pain\">effect on small, mom-and-pop businesses, which \u003c/a>will likely have to absorb the additional costs, raise prices or pull certain items from shelves.\u003c/p>\n\u003cp>“It’s very important at this time that the community continues to support small businesses like all the restaurants and grocery stores in Oakland Chinatown,” Tran said.\u003c/p>\n\u003cp>Simon called the president’s tariffs a “no-win situation” and criticized his claim that tariffs will encourage businesses to move manufacturing operations stateside.\u003c/p>\n\u003cp>“We all agree, we want manufacturing jobs here in the United States. Do we have infrastructure to create that? Was there an articulated plan to build infrastructure in the United States to bring back manufacturing jobs? Absolutely not,” Simon said.\u003c/p>\n\u003cp>Other attendees at the roundtable discussion echoed that sentiment.\u003c/p>\n\u003cp>“If tariffs are used in a wise way, in a way that’s tied together with the development of local manufacturing, it can be a good thing,” said Andreas Cluver, vice president of the Oakland Board of Port Commissioners. “But these kind of willy-nilly tariffs that are put in place for political reasons, for patronage reasons, are having a devastating impact on working people.”\u003c/p>\n\u003cp>\u003c/p>\n",
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"excerpt": "Port officials estimated that container cargo could fall by at least 10% due to U.S. tariffs and retaliation from other countries, raising concerns for port workers, truckers and local businesses.",
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"content": "\u003cdiv class=\"post-body\">\u003cp>\u003cp>Shipping demand is falling at the \u003ca href=\"https://www.kqed.org/news/tag/port-of-oakland\">Port of Oakland\u003c/a> because of the \u003ca href=\"https://www.kqed.org/news/12036199/trumps-tariffs-could-wreck-californias-economy-the-state-is-suing\">Trump administration’s tariffs\u003c/a>, according to local officials.\u003c/p>\n\u003cp>At a roundtable discussion on Thursday, labor leaders, shipping officials and local business representatives warned that a trade war could deal a significant blow to the port.\u003c/p>\n\u003cp>Port officials said container cargo could fall 10% due to U.S. tariffs on foreign goods and the retaliatory tariffs other countries are imposing on American products, but they noted that is a conservative estimate.\u003c/p>\n\u003cp>\u003c/p>\u003c/div>",
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"content": "\u003cdiv class=\"post-body\">\u003cp>\u003c/p>\n\u003cp>“This is a crisis,” said Rep. \u003ca href=\"https://www.kqed.org/news/tag/lateefah-simon\">Lateefah Simon\u003c/a>, who represents part of the East Bay, including Oakland. “We want a resolution. Tariffs are not always bad, but a tariff war is a disaster for the United States economy and for the global economy.”\u003c/p>\n\u003cp>Port Executive Director Kristi McKenney, who led the roundtable with Simon, said she is particularly concerned about blank sailings, when ships cancel particular port stops or even entire voyages, often because of lower demand.\u003c/p>\n\u003cp>Those canceled incoming voyages also hinder exporting efforts because incoming shipping containers are often emptied to make room for outgoing goods, McKenney said. That could have a significant effect on American produce, dairy and other goods that flow out of Oakland, which is the country’s largest refrigerated port, she said.\u003c/p>\n\u003cp>\u003c/p>\u003c/div>",
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"content": "\u003cdiv class=\"post-body\">\u003cp>\u003c/p>\n\u003cp>Mike Jacob, president of the Pacific Merchant Shipping Association, an organization that represents marine terminal owners and operators along the West Coast, said bookings fell dramatically after President Trump first \u003ca href=\"https://www.kqed.org/news/12034289/trump-launches-liberation-day-tariffs-saying-global-trade-has-plundered-us-economy\">announced sweeping tariffs\u003c/a> on nearly all U.S. trading partners earlier this month, and he’s already seeing canceled voyages from Asia as a result.\u003c/p>\n\u003cp>“It’s almost the exact same thing we saw at the beginning of the pandemic. We had a significant reduction in total throughput,” Jacob said. “We end up having fewer ships that are coming through, we have fewer longshoremen that are working, fewer truckers that are working, fewer warehousemen that are working.”\u003c/p>\n\u003cp>Goods imported from China, a major source of trading for the Oakland port, are now facing a 145% tariff, but the import tax policy has been surrounded by uncertainty. Just days after initially announcing his so-called reciprocal tariffs on dozens of countries, Trump declared a 90-day pause for most countries, with China excluded.\u003c/p>\n\u003cp>Jacob said the pause will likely lead to a short spike in trade, with businesses hoping to sell or buy large quantities of international goods before the tariffs are reimposed, followed by a drop-off once the pause ends.\u003c/p>\n\u003cfigure id=\"attachment_12036220\" class=\"wp-caption aligncenter\" style=\"max-width: 2000px\">\u003cimg loading=\"lazy\" decoding=\"async\" class=\"size-full wp-image-12036220\" src=\"https://cdn.kqed.org/wp-content/uploads/sites/10/2025/04/250306-PORT-OF-OAKLAND-MD-04_qed.jpg\" alt=\"\" width=\"2000\" height=\"1333\" srcset=\"https://cdn.kqed.org/wp-content/uploads/sites/10/2025/04/250306-PORT-OF-OAKLAND-MD-04_qed.jpg 2000w, https://cdn.kqed.org/wp-content/uploads/sites/10/2025/04/250306-PORT-OF-OAKLAND-MD-04_qed-800x533.jpg 800w, https://cdn.kqed.org/wp-content/uploads/sites/10/2025/04/250306-PORT-OF-OAKLAND-MD-04_qed-1020x680.jpg 1020w, https://cdn.kqed.org/wp-content/uploads/sites/10/2025/04/250306-PORT-OF-OAKLAND-MD-04_qed-160x107.jpg 160w, https://cdn.kqed.org/wp-content/uploads/sites/10/2025/04/250306-PORT-OF-OAKLAND-MD-04_qed-1536x1024.jpg 1536w, https://cdn.kqed.org/wp-content/uploads/sites/10/2025/04/250306-PORT-OF-OAKLAND-MD-04_qed-1920x1280.jpg 1920w\" sizes=\"auto, (max-width: 2000px) 100vw, 2000px\">\u003cfigcaption class=\"wp-caption-text\">The Port of Oakland on March 6, 2025. \u003ccite>(Martin do Nascimento/KQED)\u003c/cite>\u003c/figcaption>\u003c/figure>\n\u003cp>And while Trump has said he’s negotiating with China over the tariffs, the Chinese government and U.S. Treasury Secretary Scott Bessent said those talks have not yet started, \u003ca href=\"https://apnews.com/article/trump-tariffs-time-china-switzerland-660aa519e9059de7d81368ec4eef4b38\">the \u003cem>Associated Press\u003c/em> reported\u003c/a> Friday.\u003c/p>\n\u003cp>The far-reaching nature of the tariffs — and the confusion surrounding them — is vastly different from the import taxes Trump imposed during his first term, according to Jacob, who described the earlier tariffs as being levied on specific commodities in specific countries.\u003c/p>\n\u003cp>“That’s not what’s happening now, right? We had these sweeping, across-the-board tariffs that raised a lot of eyebrows, not just about the rates, which were exorbitant, but also about the method and the manner in which they happen,” Jacob said. “No one knows what the ultimate policy goal of those things were.”\u003c/p>\n\u003cp>In Oakland, Simon warned that “there’s a real potentiality of workers losing their jobs.”\u003c/p>\u003c/div>",
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"content": "\u003cdiv class=\"post-body\">\u003cp>“Listen, if there were no tariffs, Oakland would be in an emergency,” she said. “Now, we’re in ICU … we have to convince businesses to stay here.”\u003c/p>\n\u003cp>Stephanie Tran, president of the Oakland Chinatown Chamber of Commerce, expressed concern for the \u003ca href=\"https://www.kqed.org/news/12034827/bay-area-business-already-tough-trumps-tariffs-preparing-pain\">effect on small, mom-and-pop businesses, which \u003c/a>will likely have to absorb the additional costs, raise prices or pull certain items from shelves.\u003c/p>\n\u003cp>“It’s very important at this time that the community continues to support small businesses like all the restaurants and grocery stores in Oakland Chinatown,” Tran said.\u003c/p>\n\u003cp>Simon called the president’s tariffs a “no-win situation” and criticized his claim that tariffs will encourage businesses to move manufacturing operations stateside.\u003c/p>\n\u003cp>“We all agree, we want manufacturing jobs here in the United States. Do we have infrastructure to create that? Was there an articulated plan to build infrastructure in the United States to bring back manufacturing jobs? Absolutely not,” Simon said.\u003c/p>\n\u003cp>Other attendees at the roundtable discussion echoed that sentiment.\u003c/p>\n\u003cp>“If tariffs are used in a wise way, in a way that’s tied together with the development of local manufacturing, it can be a good thing,” said Andreas Cluver, vice president of the Oakland Board of Port Commissioners. “But these kind of willy-nilly tariffs that are put in place for political reasons, for patronage reasons, are having a devastating impact on working people.”\u003c/p>\n\u003cp>\u003c/p>\n\u003c/div>\u003c/p>",
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"content": "\u003cp>The spring housing market was supposed to boom. Instead, it’s whimpering.\u003c/p>\n\u003cp>Existing home sales in March slumped 5.9% from February — the largest month-to-month decline since November 2022 when seasonally adjusted.\u003c/p>\n\u003cp>Compared to a year ago, sales in March were down 2.4% from March 2024.\u003c/p>\n\u003cp>The decline came as something of a surprise, following \u003ca href=\"https://www.nar.realtor/newsroom/existing-home-sales-accelerated-4-2-in-february\">an uptick in sales\u003c/a> in February. \u003ca href=\"https://www.npr.org/2025/04/03/nx-s1-5349453/spring-home-buying-mortgage-rates\">More inventory\u003c/a> has been hitting the market, which was expected to drive sales, and spring tends to be among the busiest times for home sales, as parents with kids try to move when school is out for the summer.\u003c/p>\n\u003cp>[ad fullwidth]\u003c/p>\n\u003cp>Instead, the sales figures suggest that the housing market is in a continued slump, hampered by high mortgage rates.\u003c/p>\n\u003cp>After inching down in the first months of the year, mortgage rates have jumped higher in the last couple weeks, as President Trump’s tariff threats have roiled bond markets that help influence mortgage rates.\u003c/p>\n\u003cp>The average rate for a 30-year fixed-rate mortgage was 6.81% over the last week, \u003ca href=\"https://www.freddiemac.com/pmms\">according to data\u003c/a> from Freddie Mac. In March and early April, rates were closer to 6.6%.\u003c/p>\n\u003cp>[aside postID=news_12036934 hero='https://cdn.kqed.org/wp-content/uploads/sites/10/2019/03/RS35749_GettyImages-452284506-qut-1020x681.jpg']\u003c/p>\n\u003cp>Meanwhile, home prices are also still climbing — though more slowly than before. The median existing home sales price for March was $403,700. That’s up from up $392,900 from one year ago, and from $398,400 in February.\u003c/p>\n\u003cp>After inching down in the first months of the year, mortgage rates have jumped higher in the last couple weeks, as President Trump’s tariff threats have roiled bond markets that help influence mortgage rates.\u003c/p>\n\u003cp>The average rate for a 30-year fixed-rate mortgage was 6.81% over the last week, \u003ca href=\"https://www.freddiemac.com/pmms\">according to data\u003c/a> from Freddie Mac. In March and early April, rates were closer to 6.6%.\u003c/p>\n\u003cp>Meanwhile, home prices are also still climbing — though more slowly than before. The median existing home sales price for March was $403,700. That’s up from up $392,900 from one year ago, and from $398,400 in February.\u003c/p>\n\u003cp>The last two years have been incredibly slow, with existing home sales \u003ca href=\"https://www.npr.org/2025/01/24/nx-s1-5272647/home-sales-housing-affordability\">at their lowest levels\u003c/a> since the mid-1990s.\u003c/p>\n\u003ch2>New home sales are rosier\u003c/h2>\n\u003cp>Elsewhere in the market, a different story is unfolding. Sales of \u003cem>new\u003c/em> single-family homes were up 7.4% from February, and 6% higher than a year ago. That’s \u003ca href=\"https://www.census.gov/construction/nrs/pdf/newressales.pdf\" target=\"_blank\" rel=\"noopener\">according to data (PDF)\u003c/a> from the U.S. Census Bureau and the U.S. Department of Housing and Urban Development released on Wednesday.\u003c/p>\n\u003cp>The median sales price of new homes sold in March 2025 was $403,600 — a smidge lower than the median sales price of an \u003cem>existing\u003c/em> home.\u003c/p>\n\u003cp>That’s unusual: There’s usually a 15–20% premium for new homes, said Yun. This month’s price parity between new and existing homes is an indication that homebuilders are more into constructing smaller, cheaper homes — and not the high-priced McMansions of yore.\u003c/p>\n\u003cp>That supply is good news for buyers who’ve been priced out of the existing home market — though some regions, especially the Northeast, are building scant little new housing.\u003c/p>\n\u003cp>Nonetheless, there are signs that this year’s spring market overall might be a weak one.\u003c/p>\n\u003cp>Mortgage applications decreased 12.7% from one week earlier, \u003ca href=\"https://www.mba.org/news-and-research/newsroom/news/2025/04/23/mortgage-applications-decrease-in-latest-mba-weekly-survey\">according to data\u003c/a> from the Mortgage Bankers Association for the week ending April 18.\u003c/p>\n\u003cp>That’s the result of mortgage rates jumping in the last two weeks, said MBA President and CEO Bob Broeksmit in a statement.\u003c/p>\n\u003cp>“[M]any potential borrowers will likely stay on the sidelines until they have a better idea of the direction that rates, and the economy, are headed,” he said.\u003c/p>\n\u003cp>\u003c/p>\n",
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"content": "\u003cdiv class=\"post-body\">\u003cp>\u003cp>The spring housing market was supposed to boom. Instead, it’s whimpering.\u003c/p>\n\u003cp>Existing home sales in March slumped 5.9% from February — the largest month-to-month decline since November 2022 when seasonally adjusted.\u003c/p>\n\u003cp>Compared to a year ago, sales in March were down 2.4% from March 2024.\u003c/p>\n\u003cp>The decline came as something of a surprise, following \u003ca href=\"https://www.nar.realtor/newsroom/existing-home-sales-accelerated-4-2-in-february\">an uptick in sales\u003c/a> in February. \u003ca href=\"https://www.npr.org/2025/04/03/nx-s1-5349453/spring-home-buying-mortgage-rates\">More inventory\u003c/a> has been hitting the market, which was expected to drive sales, and spring tends to be among the busiest times for home sales, as parents with kids try to move when school is out for the summer.\u003c/p>\n\u003cp>\u003c/p>\u003c/div>",
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"content": "\u003cdiv class=\"post-body\">\u003cp>\u003c/p>\n\u003cp>Instead, the sales figures suggest that the housing market is in a continued slump, hampered by high mortgage rates.\u003c/p>\n\u003cp>After inching down in the first months of the year, mortgage rates have jumped higher in the last couple weeks, as President Trump’s tariff threats have roiled bond markets that help influence mortgage rates.\u003c/p>\n\u003cp>The average rate for a 30-year fixed-rate mortgage was 6.81% over the last week, \u003ca href=\"https://www.freddiemac.com/pmms\">according to data\u003c/a> from Freddie Mac. In March and early April, rates were closer to 6.6%.\u003c/p>\n\u003cp>\u003c/p>\u003c/div>",
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"content": "\u003cdiv class=\"post-body\">\u003cp>\u003c/p>\n\u003cp>Meanwhile, home prices are also still climbing — though more slowly than before. The median existing home sales price for March was $403,700. That’s up from up $392,900 from one year ago, and from $398,400 in February.\u003c/p>\n\u003cp>After inching down in the first months of the year, mortgage rates have jumped higher in the last couple weeks, as President Trump’s tariff threats have roiled bond markets that help influence mortgage rates.\u003c/p>\n\u003cp>The average rate for a 30-year fixed-rate mortgage was 6.81% over the last week, \u003ca href=\"https://www.freddiemac.com/pmms\">according to data\u003c/a> from Freddie Mac. In March and early April, rates were closer to 6.6%.\u003c/p>\n\u003cp>Meanwhile, home prices are also still climbing — though more slowly than before. The median existing home sales price for March was $403,700. That’s up from up $392,900 from one year ago, and from $398,400 in February.\u003c/p>\n\u003cp>The last two years have been incredibly slow, with existing home sales \u003ca href=\"https://www.npr.org/2025/01/24/nx-s1-5272647/home-sales-housing-affordability\">at their lowest levels\u003c/a> since the mid-1990s.\u003c/p>\n\u003ch2>New home sales are rosier\u003c/h2>\n\u003cp>Elsewhere in the market, a different story is unfolding. Sales of \u003cem>new\u003c/em> single-family homes were up 7.4% from February, and 6% higher than a year ago. That’s \u003ca href=\"https://www.census.gov/construction/nrs/pdf/newressales.pdf\" target=\"_blank\" rel=\"noopener\">according to data (PDF)\u003c/a> from the U.S. Census Bureau and the U.S. Department of Housing and Urban Development released on Wednesday.\u003c/p>\n\u003cp>The median sales price of new homes sold in March 2025 was $403,600 — a smidge lower than the median sales price of an \u003cem>existing\u003c/em> home.\u003c/p>\n\u003cp>That’s unusual: There’s usually a 15–20% premium for new homes, said Yun. This month’s price parity between new and existing homes is an indication that homebuilders are more into constructing smaller, cheaper homes — and not the high-priced McMansions of yore.\u003c/p>\n\u003cp>That supply is good news for buyers who’ve been priced out of the existing home market — though some regions, especially the Northeast, are building scant little new housing.\u003c/p>\n\u003cp>Nonetheless, there are signs that this year’s spring market overall might be a weak one.\u003c/p>\n\u003cp>Mortgage applications decreased 12.7% from one week earlier, \u003ca href=\"https://www.mba.org/news-and-research/newsroom/news/2025/04/23/mortgage-applications-decrease-in-latest-mba-weekly-survey\">according to data\u003c/a> from the Mortgage Bankers Association for the week ending April 18.\u003c/p>\n\u003cp>That’s the result of mortgage rates jumping in the last two weeks, said MBA President and CEO Bob Broeksmit in a statement.\u003c/p>\n\u003cp>“[M]any potential borrowers will likely stay on the sidelines until they have a better idea of the direction that rates, and the economy, are headed,” he said.\u003c/p>\n\u003cp>\u003c/p>\n\u003c/div>\u003c/p>",
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"content": "\u003cp>\u003ca href=\"https://x.com/chulbolpandey/status/1909127476988481650\">Formal wear at the club\u003c/a>. \u003ca href=\"https://www.tiktok.com/t/ZP8j6UFKc/\">Lady Gaga’s pivot back to pop music\u003c/a>. \u003ca href=\"https://x.com/confusionm8trix/status/1909064622059016334\">The resurgence of the ‘flash mob.’\u003c/a> \u003ca href=\"https://x.com/botticellibimbo/status/1527390388167659528\">Dwindling attendance at strip clubs.\u003c/a>\u003c/p>\n\u003cp>Even before the markets were plunged into chaos by \u003ca href=\"https://www.npr.org/2025/04/03/nx-s1-5349403/trump-unveils-10-tariff-on-all-imports-and-reciprocal-tariffs-dozens-of-economies\">President Donald Trump’s tariffs announcement \u003c/a>at the start of the month, a certain genre of meme was spreading across social media: posts labeling a comically wide variety of observations and situations like these as “recession indicators.”\u003c/p>\n\u003cp>As uncertainty grows in every corner of the U.S. economy — \u003ca href=\"https://www.kqed.org/news/12034730/trump-tariffs-shake-world-economy-rattling-silicon-valley\">Silicon Valley\u003c/a>, \u003ca href=\"https://www.nytimes.com/2025/04/08/business/trump-tariffs-cars-auto-industry.html\">manufacturing\u003c/a>, \u003ca href=\"https://www.sfgate.com/realestate/article/trump-s-tariffs-are-expected-to-raise-new-home-20258385.php\">housing\u003c/a> and \u003ca href=\"https://www.npr.org/2025/04/07/nx-s1-5352901/tariffs-trump-asian-grocery-stores\">retail\u003c/a>, to name a few — internet users who might not even have lived through the \u003ca href=\"https://www.federalreservehistory.org/essays/great-recession-of-200709\">Great Recession of the late 2000s\u003c/a> or the \u003ca href=\"https://www.federalreservehistory.org/essays/recession-of-1981-82\">recession of 1981\u003c/a> see signs of imminent recession almost everywhere. Supposed indicators include people \u003ca href=\"https://www.instagram.com/reel/DHlQ55GxXSk/\">exiting the job market in favor of law school\u003c/a>, saving money by \u003ca href=\"https://www.tiktok.com/@djgoss1p/video/7490713864733232430?_r=1&_t=ZP-8vMxodNOD8h\">cooking at home\u003c/a> or \u003ca href=\"https://x.com/lilgrapefruits/status/1907260849594798085\">streaming years-old episodes of \u003cem>American Idol\u003c/em>.\u003c/a>\u003c/p>\n\u003cp>https://twitter.com/lilgrapefruits/status/1907260849594798085\u003c/p>\n\u003cp>While the recession indicator trope is not new — \u003ca href=\"https://x.com/botticellibimbo/status/1527390388167659528\">the viral tweet from a dancer linking declining strip club attendance and U.S. economic health\u003c/a> was posted in 2022 — the 2025 meme strain specifically focuses on the apparent resurgence of 2000s pop culture as a sign of the economic times, with an increasingly absurdist twist. This is how we get the recession indicator of British singer-songwriter \u003ca href=\"https://x.com/PopCrave/status/1906028446028820689\">Ed Sheeran, whose debut album was released in 2011, being “cool” again\u003c/a> — or \u003ca href=\"https://x.com/BivouacChillin/status/1907609632001958122\">a rare public sighting of a child star from TV’s Malcolm in the Middle\u003c/a> (which debuted in 2000: the same year that \u003ca href=\"https://www.npr.org/sections/thetwo-way/2015/04/23/397113284/15-years-after-the-dot-com-bust-nasdaq-closes-at-new-record\">the dot-com bubble burst in U.S. stock markets\u003c/a>).\u003c/p>\n\u003cp>https://twitter.com/PopCrave/status/1906028446028820689\u003c/p>\n\u003cp>But in other posts, “throwback” leanings \u003cem>are \u003c/em>directly linked to financial behavior — the idea that 2010s formal wear-at-the-club style is making a comeback precisely because it \u003ca href=\"https://www.voguebusiness.com/story/fashion/why-is-everything-in-fashion-suddenly-a-recession-indicator\">allows the wearer to save money by reusing office clothing\u003c/a>:\u003c/p>\n\u003cp>https://twitter.com/chulbolpandey/status/1909127476988481650\u003c/p>\n\u003cp>As purposefully goofy as many of these observations are, there’s a serious question here: What can recession indicator memes actually tell us — or even predict — about the national economy? And what do online trends like this communicate about how regular people experience economic uncertainty?\u003c/p>\n\u003ch2>\u003cstrong>On the hunt for signs of a recession\u003c/strong>\u003c/h2>\n\u003cp>At the time of writing, the U.S. is \u003cem>not \u003c/em>currently in a recession, although \u003ca href=\"https://www.npr.org/2025/04/07/nx-s1-5354927/recession-trump-tariffs\">experts have warned that the uncertainty stoked by Trump’s tariffs could accelerate one\u003c/a>.\u003c/p>\n\u003cp>\u003ca href=\"https://www.imf.org/external/pubs/ft/fandd/basics/recess.htm#:~:text=Most%20commentators%20and%20analysts%20use,and%20services%20a%20country%20produces.\">The “rule of thumb” definition of a recession\u003c/a> is when a country experiences two consecutive quarters of decline in its gross domestic product, or the total value of all goods and services a country produces.\u003c/p>\n\u003cp>However, for many economists and financial analysts, just looking at GDP \u003ca href=\"https://www.vox.com/the-goods/2022/7/28/23280969/gdp-report-recession-economy-climate-change-happiness\">is not enough to identify a recession\u003c/a>. GDP is “a very high level” signal of economic activity, said Julian Vogel, assistant professor of finance at San José State University and \u003ca href=\"https://career.rady.ucsd.edu/blog/2023/01/24/what-is-a-chartered-financial-analyst-cfa/\">chartered financial analyst\u003c/a>. Since \u003ca href=\"https://www.bea.gov/data/gdp/gross-domestic-product\">the U.S. Department of Commerce only reports this data once the quarter has concluded\u003c/a>, it’s also a “lagging indicator,” he said. And by the time economists are reporting six months’ worth of declining GDP and proclaiming a recession, “most people will be like, ‘Yeah, no kidding — I was there, I felt it,’” Vogel said. (They may even have already posted about it.)\u003c/p>\n\u003cp>https://twitter.com/_cingraham/status/1912889427338076414\u003c/p>\n\u003cp>Instead, economists and analysts \u003ca href=\"https://www.nber.org/research/business-cycle-dating\">look at multiple metrics at once\u003c/a>, which could include employment levels, income levels or investment in industrial production, among others. One piece of data that is key for Vogel is “\u003ca href=\"https://www.stlouisfed.org/publications/regional-economist/april-2003/consumer-confidence-surveys-do-they-boost-forecasters-confidence\">consumer confidence\u003c/a>”: how individual consumers, like you, \u003cem>feel\u003c/em> about the overall state of the economy and the direction it’s heading.\u003c/p>\n\u003cp>And according to the business research group \u003ca href=\"https://www.conference-board.org/topics/consumer-confidence\">Conference Board\u003c/a>, short-term expectations about the economy among Americans last month fell to their lowest levels in 12 years, with consumer confidence \u003ca href=\"https://www.conference-board.org/topics/consumer-confidence\">falling across all income brackets\u003c/a> except for households earning more than $125,000 a year.\u003c/p>\n\u003cp>“If people are less confident about the future, they’re going to cut back in some shape or form,” Vogel said. “They’re going to either stop certain types of spending … or they are going to substitute [certain goods] for a cheaper product.”\u003c/p>\n\u003cp>In other words, the stuff of recession indicator memes.\u003c/p>\n\u003cp>[ad fullwidth]\u003c/p>\n\u003ch2>\u003cstrong>Lipstick: the original ‘recession indicator’ meme?\u003c/strong>\u003c/h2>\n\u003cp>The \u003ca href=\"https://www.britannica.com/topic/substitution-effect\">“substitution effect”\u003c/a> is one way economists measure how consumers feel about the future: if folks want to cut back on expenses, they will replace certain goods with more affordable substitutes. This phenomenon gives us one of the most pervasive “recession indicator” memes from the days of the early internet: the so-called \u003ca href=\"https://www.newsweek.com/what-lipstick-index-economic-recession-predictor-1917082\">“lipstick index.”\u003c/a>\u003c/p>\n\u003cp>This theory, \u003ca href=\"https://www.cnn.com/2024/06/09/investing/markets-lookahead-lipstick-indicator/index.html\">proposed by Estée Lauder chairman Leonard Lauder\u003c/a> amid the post-9/11 downturn, assumes that consumers purchase cheaper products like lipstick as a way to \u003ca href=\"https://www.sciencedirect.com/science/article/abs/pii/S2214804319304884\">“treat themselves”\u003c/a> when they can’t afford more expensive items like clothing or jewelry.\u003c/p>\n\u003cp>https://twitter.com/iiiitsandrea/status/1909989407110619511\u003c/p>\n\u003cp>Economists \u003ca href=\"https://www.newsweek.com/what-lipstick-index-economic-recession-predictor-1917082\">are still researching the accuracy of the “lipstick index.”\u003c/a> However, relatable and informal measurements, like falling \u003ca href=\"https://www.bloomberg.com/news/articles/2025-04-11/recession-indicator-us-hairstylists-report-clients-cut-spending\">hair salon profits\u003c/a>, stick around in the popular imagination and paved the way for recession indicator memes.\u003c/p>\n\u003cp>https://twitter.com/kennykeil/status/1910527218364871026\u003c/p>\n\u003cp>For its part, the Trump administration \u003ca href=\"https://www.youtube.com/watch?v=gcYJxJezXkI\">argues that sinking consumer confidence doesn’t necessarily mean the economy itself is slowing down\u003c/a> — contradicting what \u003ca href=\"https://www.stlouisfed.org/on-the-economy/2024/jan/what-behind-recent-slump-consumer-sentiment\">most economists think\u003c/a>. And because consumption is deeply intertwined with production in the U.S. economy, noted San José State’s Vogel, the kind of reduced spending that comes with low consumer confidence can impact how much manufacturers order from their suppliers.\u003c/p>\n\u003cp>“We are entering a kind of self-reinforcing cycle where less demand leads to less need for workers, which leads to \u003ca href=\"https://kqed.org/layoffs\">layoffs\u003c/a>,” Vogel said. “That leads to less money being available, which leads to less demand, and so on.”\u003c/p>\n\u003ch2>\u003cstrong>Don’t discount the memes \u003c/strong>\u003c/h2>\n\u003cp>The recession indicator meme shows no signs of slowing down right now, finding dark humor in any sign of consumers spending less or \u003ca href=\"https://time.com/7276586/recession-pop-benefits-essay/\">dabbling in “recession pop.”\u003c/a>\u003c/p>\n\u003cp>But ultimately, the recession indicator trend might be less about the \u003cem>accuracy \u003c/em>of these alleged recession indicators — \u003ca href=\"https://x.com/WTFJXR63/status/1908219374311203144\">Kourtney Kardashian spotted in Bushwick\u003c/a>, anyone? — and more about how they reflect the anxieties of consumers trying to process \u003ca href=\"https://news.sky.com/story/tariffs-latest-trumps-worldwide-tariffs-come-into-effect-with-china-facing-104-levy-13209921?postid=9419597\">an ever-changing economic reality\u003c/a> in real-time, said Ellen Evers, associate professor of marketing at UC Berkeley.\u003c/p>\n\u003cp>https://twitter.com/N_Sportelli/status/1912230520655687745\u003c/p>\n\u003cp>“The way the economy works is not necessarily similar to the way consumers \u003cem>experience \u003c/em>the economy,” said Evers, whose research focuses on understanding how humans make decisions. “As a consumer, what you see are the very concrete things: ‘Is my rent going up? Is my salary going up? How much is a gallon of milk?’” she said.\u003c/p>\n\u003cp>Decades of research \u003ca href=\"https://news.uchicago.edu/explainer/what-is-behavioral-economics#tversky\">show that most humans depend on information that they can easily recall\u003c/a> — the price of eggs, for example, or what trends were popular the last time \u003cem>they \u003c/em>witnessed an economic crisis. Being able to then “report” these observations on social media, however humorously, in the form of recession indicator memes, is just another part of talking about what we see in front of us, Evers said. “You choose your own network,” she said. “And if you want to believe a thing, you choose people in your network that also believe those things.”\u003c/p>\n\u003cp>https://twitter.com/HKesvani/status/1904161124389437822\u003c/p>\n\u003cp>All of which might explain how a complicated economic idea like “a drop in GDP” can now be represented through something much more familiar, like \u003ca href=\"https://x.com/JordanMeehan/status/1909632675947610226\">a shuttered downtown Dunkin Donuts location\u003c/a> — because “the recession indicator memes are just much easier to understand than any of the fundamental economics,” Evers said.\u003c/p>\n\u003cp>https://twitter.com/iiiitsandrea/status/1910342795002364104\u003c/p>\n\u003cp>She did caution that these memes \u003cem>could \u003c/em>prompt people to feel even more jittery about the economy and adjust their spending accordingly, giving us “a kind of self-fulfilling prophecy.” But San José State’s Vogel, on the other hand, noted the deep economic uncertainty COVID wrought, from price hikes to supply chain disruptions, has left many people “quite scarred” — and memers could be \u003ca href=\"https://www.psychologytoday.com/us/blog/the-science-of-fandom/202403/how-memes-help-us-cope\">processing their last bout of financial panic by joking\u003c/a> that the next one might be around the corner.\u003c/p>\n\u003cp>Sounds like it’s time to add a lesson on memes to the Economics 101 syllabus.\u003c/p>\n\u003cp>[ad floatright]\u003c/p>\n",
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"content": "\u003cdiv class=\"post-body\">\u003cp>\u003cp>\u003ca href=\"https://x.com/chulbolpandey/status/1909127476988481650\">Formal wear at the club\u003c/a>. \u003ca href=\"https://www.tiktok.com/t/ZP8j6UFKc/\">Lady Gaga’s pivot back to pop music\u003c/a>. \u003ca href=\"https://x.com/confusionm8trix/status/1909064622059016334\">The resurgence of the ‘flash mob.’\u003c/a> \u003ca href=\"https://x.com/botticellibimbo/status/1527390388167659528\">Dwindling attendance at strip clubs.\u003c/a>\u003c/p>\n\u003cp>Even before the markets were plunged into chaos by \u003ca href=\"https://www.npr.org/2025/04/03/nx-s1-5349403/trump-unveils-10-tariff-on-all-imports-and-reciprocal-tariffs-dozens-of-economies\">President Donald Trump’s tariffs announcement \u003c/a>at the start of the month, a certain genre of meme was spreading across social media: posts labeling a comically wide variety of observations and situations like these as “recession indicators.”\u003c/p>\n\u003cp>As uncertainty grows in every corner of the U.S. economy — \u003ca href=\"https://www.kqed.org/news/12034730/trump-tariffs-shake-world-economy-rattling-silicon-valley\">Silicon Valley\u003c/a>, \u003ca href=\"https://www.nytimes.com/2025/04/08/business/trump-tariffs-cars-auto-industry.html\">manufacturing\u003c/a>, \u003ca href=\"https://www.sfgate.com/realestate/article/trump-s-tariffs-are-expected-to-raise-new-home-20258385.php\">housing\u003c/a> and \u003ca href=\"https://www.npr.org/2025/04/07/nx-s1-5352901/tariffs-trump-asian-grocery-stores\">retail\u003c/a>, to name a few — internet users who might not even have lived through the \u003ca href=\"https://www.federalreservehistory.org/essays/great-recession-of-200709\">Great Recession of the late 2000s\u003c/a> or the \u003ca href=\"https://www.federalreservehistory.org/essays/recession-of-1981-82\">recession of 1981\u003c/a> see signs of imminent recession almost everywhere. Supposed indicators include people \u003ca href=\"https://www.instagram.com/reel/DHlQ55GxXSk/\">exiting the job market in favor of law school\u003c/a>, saving money by \u003ca href=\"https://www.tiktok.com/@djgoss1p/video/7490713864733232430?_r=1&_t=ZP-8vMxodNOD8h\">cooking at home\u003c/a> or \u003ca href=\"https://x.com/lilgrapefruits/status/1907260849594798085\">streaming years-old episodes of \u003cem>American Idol\u003c/em>.\u003c/a>\u003c/p>\u003c/p>\u003c/div>",
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"content": "\u003cdiv class=\"post-body\">\u003cp>\n\u003cp>While the recession indicator trope is not new — \u003ca href=\"https://x.com/botticellibimbo/status/1527390388167659528\">the viral tweet from a dancer linking declining strip club attendance and U.S. economic health\u003c/a> was posted in 2022 — the 2025 meme strain specifically focuses on the apparent resurgence of 2000s pop culture as a sign of the economic times, with an increasingly absurdist twist. This is how we get the recession indicator of British singer-songwriter \u003ca href=\"https://x.com/PopCrave/status/1906028446028820689\">Ed Sheeran, whose debut album was released in 2011, being “cool” again\u003c/a> — or \u003ca href=\"https://x.com/BivouacChillin/status/1907609632001958122\">a rare public sighting of a child star from TV’s Malcolm in the Middle\u003c/a> (which debuted in 2000: the same year that \u003ca href=\"https://www.npr.org/sections/thetwo-way/2015/04/23/397113284/15-years-after-the-dot-com-bust-nasdaq-closes-at-new-record\">the dot-com bubble burst in U.S. stock markets\u003c/a>).\u003c/p>\u003c/p>\u003c/div>",
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"content": "\u003cdiv class=\"post-body\">\u003cp>\n\u003cp>But in other posts, “throwback” leanings \u003cem>are \u003c/em>directly linked to financial behavior — the idea that 2010s formal wear-at-the-club style is making a comeback precisely because it \u003ca href=\"https://www.voguebusiness.com/story/fashion/why-is-everything-in-fashion-suddenly-a-recession-indicator\">allows the wearer to save money by reusing office clothing\u003c/a>:\u003c/p>\u003c/p>\u003c/div>",
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"content": "\u003cdiv class=\"post-body\">\u003cp>\n\u003cp>As purposefully goofy as many of these observations are, there’s a serious question here: What can recession indicator memes actually tell us — or even predict — about the national economy? And what do online trends like this communicate about how regular people experience economic uncertainty?\u003c/p>\n\u003ch2>\u003cstrong>On the hunt for signs of a recession\u003c/strong>\u003c/h2>\n\u003cp>At the time of writing, the U.S. is \u003cem>not \u003c/em>currently in a recession, although \u003ca href=\"https://www.npr.org/2025/04/07/nx-s1-5354927/recession-trump-tariffs\">experts have warned that the uncertainty stoked by Trump’s tariffs could accelerate one\u003c/a>.\u003c/p>\n\u003cp>\u003ca href=\"https://www.imf.org/external/pubs/ft/fandd/basics/recess.htm#:~:text=Most%20commentators%20and%20analysts%20use,and%20services%20a%20country%20produces.\">The “rule of thumb” definition of a recession\u003c/a> is when a country experiences two consecutive quarters of decline in its gross domestic product, or the total value of all goods and services a country produces.\u003c/p>\n\u003cp>However, for many economists and financial analysts, just looking at GDP \u003ca href=\"https://www.vox.com/the-goods/2022/7/28/23280969/gdp-report-recession-economy-climate-change-happiness\">is not enough to identify a recession\u003c/a>. GDP is “a very high level” signal of economic activity, said Julian Vogel, assistant professor of finance at San José State University and \u003ca href=\"https://career.rady.ucsd.edu/blog/2023/01/24/what-is-a-chartered-financial-analyst-cfa/\">chartered financial analyst\u003c/a>. Since \u003ca href=\"https://www.bea.gov/data/gdp/gross-domestic-product\">the U.S. Department of Commerce only reports this data once the quarter has concluded\u003c/a>, it’s also a “lagging indicator,” he said. And by the time economists are reporting six months’ worth of declining GDP and proclaiming a recession, “most people will be like, ‘Yeah, no kidding — I was there, I felt it,’” Vogel said. (They may even have already posted about it.)\u003c/p>\u003c/p>\u003c/div>",
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"content": "\u003cdiv class=\"post-body\">\u003cp>\n\u003cp>Instead, economists and analysts \u003ca href=\"https://www.nber.org/research/business-cycle-dating\">look at multiple metrics at once\u003c/a>, which could include employment levels, income levels or investment in industrial production, among others. One piece of data that is key for Vogel is “\u003ca href=\"https://www.stlouisfed.org/publications/regional-economist/april-2003/consumer-confidence-surveys-do-they-boost-forecasters-confidence\">consumer confidence\u003c/a>”: how individual consumers, like you, \u003cem>feel\u003c/em> about the overall state of the economy and the direction it’s heading.\u003c/p>\n\u003cp>And according to the business research group \u003ca href=\"https://www.conference-board.org/topics/consumer-confidence\">Conference Board\u003c/a>, short-term expectations about the economy among Americans last month fell to their lowest levels in 12 years, with consumer confidence \u003ca href=\"https://www.conference-board.org/topics/consumer-confidence\">falling across all income brackets\u003c/a> except for households earning more than $125,000 a year.\u003c/p>\n\u003cp>“If people are less confident about the future, they’re going to cut back in some shape or form,” Vogel said. “They’re going to either stop certain types of spending … or they are going to substitute [certain goods] for a cheaper product.”\u003c/p>\n\u003cp>In other words, the stuff of recession indicator memes.\u003c/p>\n\u003cp>\u003c/p>\u003c/div>",
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"content": "\u003cdiv class=\"post-body\">\u003cp>\u003c/p>\n\u003ch2>\u003cstrong>Lipstick: the original ‘recession indicator’ meme?\u003c/strong>\u003c/h2>\n\u003cp>The \u003ca href=\"https://www.britannica.com/topic/substitution-effect\">“substitution effect”\u003c/a> is one way economists measure how consumers feel about the future: if folks want to cut back on expenses, they will replace certain goods with more affordable substitutes. This phenomenon gives us one of the most pervasive “recession indicator” memes from the days of the early internet: the so-called \u003ca href=\"https://www.newsweek.com/what-lipstick-index-economic-recession-predictor-1917082\">“lipstick index.”\u003c/a>\u003c/p>\n\u003cp>This theory, \u003ca href=\"https://www.cnn.com/2024/06/09/investing/markets-lookahead-lipstick-indicator/index.html\">proposed by Estée Lauder chairman Leonard Lauder\u003c/a> amid the post-9/11 downturn, assumes that consumers purchase cheaper products like lipstick as a way to \u003ca href=\"https://www.sciencedirect.com/science/article/abs/pii/S2214804319304884\">“treat themselves”\u003c/a> when they can’t afford more expensive items like clothing or jewelry.\u003c/p>\u003c/p>\u003c/div>",
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"content": "\u003cdiv class=\"post-body\">\u003cp>\n\u003cp>Economists \u003ca href=\"https://www.newsweek.com/what-lipstick-index-economic-recession-predictor-1917082\">are still researching the accuracy of the “lipstick index.”\u003c/a> However, relatable and informal measurements, like falling \u003ca href=\"https://www.bloomberg.com/news/articles/2025-04-11/recession-indicator-us-hairstylists-report-clients-cut-spending\">hair salon profits\u003c/a>, stick around in the popular imagination and paved the way for recession indicator memes.\u003c/p>\u003c/p>\u003c/div>",
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"content": "\u003cdiv class=\"post-body\">\u003cp>\n\u003cp>For its part, the Trump administration \u003ca href=\"https://www.youtube.com/watch?v=gcYJxJezXkI\">argues that sinking consumer confidence doesn’t necessarily mean the economy itself is slowing down\u003c/a> — contradicting what \u003ca href=\"https://www.stlouisfed.org/on-the-economy/2024/jan/what-behind-recent-slump-consumer-sentiment\">most economists think\u003c/a>. And because consumption is deeply intertwined with production in the U.S. economy, noted San José State’s Vogel, the kind of reduced spending that comes with low consumer confidence can impact how much manufacturers order from their suppliers.\u003c/p>\n\u003cp>“We are entering a kind of self-reinforcing cycle where less demand leads to less need for workers, which leads to \u003ca href=\"https://kqed.org/layoffs\">layoffs\u003c/a>,” Vogel said. “That leads to less money being available, which leads to less demand, and so on.”\u003c/p>\n\u003ch2>\u003cstrong>Don’t discount the memes \u003c/strong>\u003c/h2>\n\u003cp>The recession indicator meme shows no signs of slowing down right now, finding dark humor in any sign of consumers spending less or \u003ca href=\"https://time.com/7276586/recession-pop-benefits-essay/\">dabbling in “recession pop.”\u003c/a>\u003c/p>\n\u003cp>But ultimately, the recession indicator trend might be less about the \u003cem>accuracy \u003c/em>of these alleged recession indicators — \u003ca href=\"https://x.com/WTFJXR63/status/1908219374311203144\">Kourtney Kardashian spotted in Bushwick\u003c/a>, anyone? — and more about how they reflect the anxieties of consumers trying to process \u003ca href=\"https://news.sky.com/story/tariffs-latest-trumps-worldwide-tariffs-come-into-effect-with-china-facing-104-levy-13209921?postid=9419597\">an ever-changing economic reality\u003c/a> in real-time, said Ellen Evers, associate professor of marketing at UC Berkeley.\u003c/p>\u003c/p>\u003c/div>",
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"content": "\u003cdiv class=\"post-body\">\u003cp>\n\u003cp>“The way the economy works is not necessarily similar to the way consumers \u003cem>experience \u003c/em>the economy,” said Evers, whose research focuses on understanding how humans make decisions. “As a consumer, what you see are the very concrete things: ‘Is my rent going up? Is my salary going up? How much is a gallon of milk?’” she said.\u003c/p>\n\u003cp>Decades of research \u003ca href=\"https://news.uchicago.edu/explainer/what-is-behavioral-economics#tversky\">show that most humans depend on information that they can easily recall\u003c/a> — the price of eggs, for example, or what trends were popular the last time \u003cem>they \u003c/em>witnessed an economic crisis. Being able to then “report” these observations on social media, however humorously, in the form of recession indicator memes, is just another part of talking about what we see in front of us, Evers said. “You choose your own network,” she said. “And if you want to believe a thing, you choose people in your network that also believe those things.”\u003c/p>\u003c/p>\u003c/div>",
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"content": "\u003cdiv class=\"post-body\">\u003cp>\n\u003cp>All of which might explain how a complicated economic idea like “a drop in GDP” can now be represented through something much more familiar, like \u003ca href=\"https://x.com/JordanMeehan/status/1909632675947610226\">a shuttered downtown Dunkin Donuts location\u003c/a> — because “the recession indicator memes are just much easier to understand than any of the fundamental economics,” Evers said.\u003c/p>\u003c/p>\u003c/div>",
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"content": "\u003cdiv class=\"post-body\">\u003cp>\n\u003cp>She did caution that these memes \u003cem>could \u003c/em>prompt people to feel even more jittery about the economy and adjust their spending accordingly, giving us “a kind of self-fulfilling prophecy.” But San José State’s Vogel, on the other hand, noted the deep economic uncertainty COVID wrought, from price hikes to supply chain disruptions, has left many people “quite scarred” — and memers could be \u003ca href=\"https://www.psychologytoday.com/us/blog/the-science-of-fandom/202403/how-memes-help-us-cope\">processing their last bout of financial panic by joking\u003c/a> that the next one might be around the corner.\u003c/p>\n\u003cp>Sounds like it’s time to add a lesson on memes to the Economics 101 syllabus.\u003c/p>\n\u003cp>\u003c/p>\u003c/div>",
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"content": "\u003cp>\u003cem>Updated 1:05 p.m. Wednesday\u003c/em>\u003c/p>\n\u003cp>California is challenging \u003ca href=\"https://www.kqed.org/news/tag/donald-trump\">President Donald Trump’s\u003c/a> tariffs in court, arguing in a \u003ca href=\"https://www.gov.ca.gov/wp-content/uploads/2025/04/FILE_8502.pdf\" target=\"_blank\" rel=\"noopener\">lawsuit\u003c/a> filed Wednesday morning that he lacks the authority to unilaterally impose the levies on foreign goods and that they are doing \u003ca href=\"https://www.kqed.org/news/12034827/bay-area-business-already-tough-trumps-tariffs-preparing-pain\">irreparable harm to the state’s economy\u003c/a>.\u003c/p>\n\u003cp>Gov. Gavin Newsom and Attorney General Rob Bonta are asking a federal court to pause the tariffs being levied against Mexico, China and Canada, as well as the across-the-board 10% tariff enacted by Trump. The suit argues that the law the president is relying on — the International Economic Emergency Powers Act — has never been used before to justify tariffs, and that Trump needs Congressional authorization for actions with such broad economic consequences.\u003c/p>\n\u003cp>Newsom and Bonta announced the lawsuit at Gemperle Orchards, a family-owned almond farm in Stanislaus County. Newsom called the tariffs a regressive sales tax that is hurting both businesses and consumers — including Trump’s own supporters.\u003c/p>\n\u003cp>[ad fullwidth]\u003c/p>\n\u003cp>He said California, the largest manufacturing state in the nation, has a responsibility to use its economic and political might to push back against the tariffs.\u003c/p>\n\u003cp>“Eighty years of economic dominance in just a matter of weeks being unwound by this kind of recklessness,” Newsom said. “We are very mindful of the anxiety that this has imposed on all of you and very mindful of our role and responsibility at this moment not to be bystanders and to try to shape this debate and shape this conversation.”\u003c/p>\n\u003cfigure id=\"attachment_12024152\" class=\"wp-caption aligncenter\" style=\"max-width: 2000px\">\u003cimg loading=\"lazy\" decoding=\"async\" class=\"size-full wp-image-12024152\" src=\"https://cdn.kqed.org/wp-content/uploads/sites/10/2025/01/102425-Newsom-Trump-LA-Fires-AP-CM-03-copy.jpg\" alt=\"Two men wearing jackets and the man on the right wearing a black hat stand near each other talking.\" width=\"2000\" height=\"1336\" srcset=\"https://cdn.kqed.org/wp-content/uploads/sites/10/2025/01/102425-Newsom-Trump-LA-Fires-AP-CM-03-copy.jpg 2000w, https://cdn.kqed.org/wp-content/uploads/sites/10/2025/01/102425-Newsom-Trump-LA-Fires-AP-CM-03-copy-800x534.jpg 800w, https://cdn.kqed.org/wp-content/uploads/sites/10/2025/01/102425-Newsom-Trump-LA-Fires-AP-CM-03-copy-1020x681.jpg 1020w, https://cdn.kqed.org/wp-content/uploads/sites/10/2025/01/102425-Newsom-Trump-LA-Fires-AP-CM-03-copy-160x107.jpg 160w, https://cdn.kqed.org/wp-content/uploads/sites/10/2025/01/102425-Newsom-Trump-LA-Fires-AP-CM-03-copy-1536x1026.jpg 1536w, https://cdn.kqed.org/wp-content/uploads/sites/10/2025/01/102425-Newsom-Trump-LA-Fires-AP-CM-03-copy-1920x1283.jpg 1920w\" sizes=\"auto, (max-width: 2000px) 100vw, 2000px\">\u003cfigcaption class=\"wp-caption-text\">President Donald Trump talks with Gov. Gavin Newsom after arriving on Air Force One at Los Angeles International Airport in Los Angeles, on Jan. 24, 2025. \u003ccite>(Mark Schiefelbein/AP Photo)\u003c/cite>\u003c/figcaption>\u003c/figure>\n\u003cp>White House spokesperson Kush Desai defended the tariffs in a statement and slammed Newsom.\u003c/p>\n\u003cp>“Instead of focusing on California’s rampant crime, homelessness and unaffordability, Gavin Newsom is spending his time trying to block President Trump’s historic efforts to finally address the national emergency of our country’s persistent goods trade deficits,” he said. “The entire Trump administration remains committed to addressing this national emergency that’s decimating America’s industries and leaving our workers behind with every tool at our disposal, from tariffs to negotiations.”\u003c/p>\n\u003cp>The lawsuit cites the U.S. Supreme Court’s “major questions doctrine,” a legal principle that assumes Congress must weigh in on issues of major political or economic significance. The Supreme Court relied on the doctrine to strike down laws related to pollution control and student loan forgiveness under Presidents Joe Biden and Barack Obama, the governor noted.[aside postID=news_12033446 hero='https://cdn.kqed.org/wp-content/uploads/sites/10/2025/03/DonaldTrump100DaysGetty-1020x680.jpg']“If they are consistent, then this lawsuit is a lock in terms of what the Attorney General has laid out and what this state is asserting,” Newsom said.\u003c/p>\n\u003cp>The governor’s office said the tariffs have already cost California billions of dollars in economic losses. Bonta said the state’s largest sectors — \u003ca href=\"https://www.kqed.org/news/12034501/tariffs-to-have-widespread-impact-on-california-businesses\">particularly manufacturing and agriculture\u003c/a> — are being hurt by the tariffs, along with consumers.\u003c/p>\n\u003cp>He noted that Mexico, Canada and China are California’s top trade partners.\u003c/p>\n\u003cp>“Trump’s rogue and erratic tariffs are wreaking havoc … and causing unique harm to the California economy, the fifth largest in the world and a major driver of the national economy,” Bonta said. “Trump does not have the authority to impose these tariffs. He must be stopped.”\u003c/p>\n\u003cp>Christine Gemperle, owner of the almond farm where the news conference took place, said she’s not sure if her business will still be able to afford the farm equipment and other supplies they need to grow their crops.\u003c/p>\n\u003cp>“Because seasons determine when crops are planted and harvested, we do not have the luxury to wait years for factories to be built or supply chains to grow,” she said. “Regardless of all the scientific and engineering advances, farming is still hard work. And the weather makes every year a gamble. The last thing we need is more uncertainty, and not knowing whether we can ride this one out.”\u003c/p>\n\u003cfigure id=\"attachment_12036403\" class=\"wp-caption aligncenter\" style=\"max-width: 2000px\">\u003cimg loading=\"lazy\" decoding=\"async\" class=\"wp-image-12036403 size-full\" src=\"https://cdn.kqed.org/wp-content/uploads/sites/10/2025/04/230928-EAGLE-ROCK-SETTLE-MD-09_qed.jpg\" alt=\"\" width=\"2000\" height=\"1333\" srcset=\"https://cdn.kqed.org/wp-content/uploads/sites/10/2025/04/230928-EAGLE-ROCK-SETTLE-MD-09_qed.jpg 2000w, https://cdn.kqed.org/wp-content/uploads/sites/10/2025/04/230928-EAGLE-ROCK-SETTLE-MD-09_qed-800x533.jpg 800w, https://cdn.kqed.org/wp-content/uploads/sites/10/2025/04/230928-EAGLE-ROCK-SETTLE-MD-09_qed-1020x680.jpg 1020w, https://cdn.kqed.org/wp-content/uploads/sites/10/2025/04/230928-EAGLE-ROCK-SETTLE-MD-09_qed-160x107.jpg 160w, https://cdn.kqed.org/wp-content/uploads/sites/10/2025/04/230928-EAGLE-ROCK-SETTLE-MD-09_qed-1536x1024.jpg 1536w, https://cdn.kqed.org/wp-content/uploads/sites/10/2025/04/230928-EAGLE-ROCK-SETTLE-MD-09_qed-1920x1280.jpg 1920w\" sizes=\"auto, (max-width: 2000px) 100vw, 2000px\">\u003cfigcaption class=\"wp-caption-text\">Trucks leave the Port of Oakland on Sept. 28, 2023. (Martin do Nascimento/KQED) \u003ccite>(Martin do Nascimento/KQED)\u003c/cite>\u003c/figcaption>\u003c/figure>\n\u003cp>The suit, and Newsom’s strident comments — at one point he accused Trump of “corruption” — mark a departure from the governor’s less aggressive posturing this year. For months, Newsom has avoided \u003ca href=\"https://www.kqed.org/news/12026230/after-years-of-attacks-newsom-tries-flattery-on-trump\">directly criticizing Trump\u003c/a> as California seeks federal emergency assistance to help recover from the devastating Los Angeles wildfires. However, in recent weeks, the governor has been vocal about his desire to \u003ca href=\"https://www.nytimes.com/2025/04/04/us/politics/newsom-trump-california-tariffs.html\">protect California’s economy\u003c/a> from Trump’s tariffs.\u003c/p>\n\u003cp>The lawsuit is California’s 14th against the Trump administration since January. Democratic Assembly Speaker Robert Rivas noted in a statement that lawmakers approved \u003ca href=\"https://www.kqed.org/news/12024851/california-legislature-approves-50m-to-fight-trump-administration-in-court\">a $50 million legal defense fund\u003c/a> earlier this year to push back against the Trump administration in court. Half of the fund was earmarked for the state Department of Justice, led by Bonta.\u003c/p>\n\u003cp>“Trump’s tariffs are the single largest tax increase in our lifetime, and they’re jamming Californians with higher prices on groceries, medicine and cars,” Rivas said. “This is why we enacted a legal defense fund: to fight Republican policies that harm taxpayers. We’re protecting our residents — and all American families — from unlawful economic chaos.”\u003c/p>\n\u003cp>Newsom said that fund was created as an insurance policy that he would prefer not to use.\u003c/p>\n\u003cp>“We didn’t want to go down this path. We were hoping we didn’t need to go down this path, but we prepared to go down this path,” he said of the legal challenges to Trump’s policies.\u003c/p>\n\u003cp>\u003c/p>\n",
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"content": "\u003cdiv class=\"post-body\">\u003cp>\u003cp>\u003cem>Updated 1:05 p.m. Wednesday\u003c/em>\u003c/p>\n\u003cp>California is challenging \u003ca href=\"https://www.kqed.org/news/tag/donald-trump\">President Donald Trump’s\u003c/a> tariffs in court, arguing in a \u003ca href=\"https://www.gov.ca.gov/wp-content/uploads/2025/04/FILE_8502.pdf\" target=\"_blank\" rel=\"noopener\">lawsuit\u003c/a> filed Wednesday morning that he lacks the authority to unilaterally impose the levies on foreign goods and that they are doing \u003ca href=\"https://www.kqed.org/news/12034827/bay-area-business-already-tough-trumps-tariffs-preparing-pain\">irreparable harm to the state’s economy\u003c/a>.\u003c/p>\n\u003cp>Gov. Gavin Newsom and Attorney General Rob Bonta are asking a federal court to pause the tariffs being levied against Mexico, China and Canada, as well as the across-the-board 10% tariff enacted by Trump. The suit argues that the law the president is relying on — the International Economic Emergency Powers Act — has never been used before to justify tariffs, and that Trump needs Congressional authorization for actions with such broad economic consequences.\u003c/p>\n\u003cp>Newsom and Bonta announced the lawsuit at Gemperle Orchards, a family-owned almond farm in Stanislaus County. Newsom called the tariffs a regressive sales tax that is hurting both businesses and consumers — including Trump’s own supporters.\u003c/p>\n\u003cp>\u003c/p>\u003c/div>",
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"content": "\u003cdiv class=\"post-body\">\u003cp>\u003c/p>\n\u003cp>He said California, the largest manufacturing state in the nation, has a responsibility to use its economic and political might to push back against the tariffs.\u003c/p>\n\u003cp>“Eighty years of economic dominance in just a matter of weeks being unwound by this kind of recklessness,” Newsom said. “We are very mindful of the anxiety that this has imposed on all of you and very mindful of our role and responsibility at this moment not to be bystanders and to try to shape this debate and shape this conversation.”\u003c/p>\n\u003cfigure id=\"attachment_12024152\" class=\"wp-caption aligncenter\" style=\"max-width: 2000px\">\u003cimg loading=\"lazy\" decoding=\"async\" class=\"size-full wp-image-12024152\" src=\"https://cdn.kqed.org/wp-content/uploads/sites/10/2025/01/102425-Newsom-Trump-LA-Fires-AP-CM-03-copy.jpg\" alt=\"Two men wearing jackets and the man on the right wearing a black hat stand near each other talking.\" width=\"2000\" height=\"1336\" srcset=\"https://cdn.kqed.org/wp-content/uploads/sites/10/2025/01/102425-Newsom-Trump-LA-Fires-AP-CM-03-copy.jpg 2000w, https://cdn.kqed.org/wp-content/uploads/sites/10/2025/01/102425-Newsom-Trump-LA-Fires-AP-CM-03-copy-800x534.jpg 800w, https://cdn.kqed.org/wp-content/uploads/sites/10/2025/01/102425-Newsom-Trump-LA-Fires-AP-CM-03-copy-1020x681.jpg 1020w, https://cdn.kqed.org/wp-content/uploads/sites/10/2025/01/102425-Newsom-Trump-LA-Fires-AP-CM-03-copy-160x107.jpg 160w, https://cdn.kqed.org/wp-content/uploads/sites/10/2025/01/102425-Newsom-Trump-LA-Fires-AP-CM-03-copy-1536x1026.jpg 1536w, https://cdn.kqed.org/wp-content/uploads/sites/10/2025/01/102425-Newsom-Trump-LA-Fires-AP-CM-03-copy-1920x1283.jpg 1920w\" sizes=\"auto, (max-width: 2000px) 100vw, 2000px\">\u003cfigcaption class=\"wp-caption-text\">President Donald Trump talks with Gov. Gavin Newsom after arriving on Air Force One at Los Angeles International Airport in Los Angeles, on Jan. 24, 2025. \u003ccite>(Mark Schiefelbein/AP Photo)\u003c/cite>\u003c/figcaption>\u003c/figure>\n\u003cp>White House spokesperson Kush Desai defended the tariffs in a statement and slammed Newsom.\u003c/p>\n\u003cp>“Instead of focusing on California’s rampant crime, homelessness and unaffordability, Gavin Newsom is spending his time trying to block President Trump’s historic efforts to finally address the national emergency of our country’s persistent goods trade deficits,” he said. “The entire Trump administration remains committed to addressing this national emergency that’s decimating America’s industries and leaving our workers behind with every tool at our disposal, from tariffs to negotiations.”\u003c/p>\n\u003cp>The lawsuit cites the U.S. Supreme Court’s “major questions doctrine,” a legal principle that assumes Congress must weigh in on issues of major political or economic significance. The Supreme Court relied on the doctrine to strike down laws related to pollution control and student loan forgiveness under Presidents Joe Biden and Barack Obama, the governor noted.\u003c/p>\u003c/div>",
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"content": "\u003cdiv class=\"post-body\">\u003cp>“If they are consistent, then this lawsuit is a lock in terms of what the Attorney General has laid out and what this state is asserting,” Newsom said.\u003c/p>\n\u003cp>The governor’s office said the tariffs have already cost California billions of dollars in economic losses. Bonta said the state’s largest sectors — \u003ca href=\"https://www.kqed.org/news/12034501/tariffs-to-have-widespread-impact-on-california-businesses\">particularly manufacturing and agriculture\u003c/a> — are being hurt by the tariffs, along with consumers.\u003c/p>\n\u003cp>He noted that Mexico, Canada and China are California’s top trade partners.\u003c/p>\n\u003cp>“Trump’s rogue and erratic tariffs are wreaking havoc … and causing unique harm to the California economy, the fifth largest in the world and a major driver of the national economy,” Bonta said. “Trump does not have the authority to impose these tariffs. He must be stopped.”\u003c/p>\n\u003cp>Christine Gemperle, owner of the almond farm where the news conference took place, said she’s not sure if her business will still be able to afford the farm equipment and other supplies they need to grow their crops.\u003c/p>\n\u003cp>“Because seasons determine when crops are planted and harvested, we do not have the luxury to wait years for factories to be built or supply chains to grow,” she said. “Regardless of all the scientific and engineering advances, farming is still hard work. And the weather makes every year a gamble. The last thing we need is more uncertainty, and not knowing whether we can ride this one out.”\u003c/p>\n\u003cfigure id=\"attachment_12036403\" class=\"wp-caption aligncenter\" style=\"max-width: 2000px\">\u003cimg loading=\"lazy\" decoding=\"async\" class=\"wp-image-12036403 size-full\" src=\"https://cdn.kqed.org/wp-content/uploads/sites/10/2025/04/230928-EAGLE-ROCK-SETTLE-MD-09_qed.jpg\" alt=\"\" width=\"2000\" height=\"1333\" srcset=\"https://cdn.kqed.org/wp-content/uploads/sites/10/2025/04/230928-EAGLE-ROCK-SETTLE-MD-09_qed.jpg 2000w, https://cdn.kqed.org/wp-content/uploads/sites/10/2025/04/230928-EAGLE-ROCK-SETTLE-MD-09_qed-800x533.jpg 800w, https://cdn.kqed.org/wp-content/uploads/sites/10/2025/04/230928-EAGLE-ROCK-SETTLE-MD-09_qed-1020x680.jpg 1020w, https://cdn.kqed.org/wp-content/uploads/sites/10/2025/04/230928-EAGLE-ROCK-SETTLE-MD-09_qed-160x107.jpg 160w, https://cdn.kqed.org/wp-content/uploads/sites/10/2025/04/230928-EAGLE-ROCK-SETTLE-MD-09_qed-1536x1024.jpg 1536w, https://cdn.kqed.org/wp-content/uploads/sites/10/2025/04/230928-EAGLE-ROCK-SETTLE-MD-09_qed-1920x1280.jpg 1920w\" sizes=\"auto, (max-width: 2000px) 100vw, 2000px\">\u003cfigcaption class=\"wp-caption-text\">Trucks leave the Port of Oakland on Sept. 28, 2023. (Martin do Nascimento/KQED) \u003ccite>(Martin do Nascimento/KQED)\u003c/cite>\u003c/figcaption>\u003c/figure>\n\u003cp>The suit, and Newsom’s strident comments — at one point he accused Trump of “corruption” — mark a departure from the governor’s less aggressive posturing this year. For months, Newsom has avoided \u003ca href=\"https://www.kqed.org/news/12026230/after-years-of-attacks-newsom-tries-flattery-on-trump\">directly criticizing Trump\u003c/a> as California seeks federal emergency assistance to help recover from the devastating Los Angeles wildfires. However, in recent weeks, the governor has been vocal about his desire to \u003ca href=\"https://www.nytimes.com/2025/04/04/us/politics/newsom-trump-california-tariffs.html\">protect California’s economy\u003c/a> from Trump’s tariffs.\u003c/p>\n\u003cp>The lawsuit is California’s 14th against the Trump administration since January. Democratic Assembly Speaker Robert Rivas noted in a statement that lawmakers approved \u003ca href=\"https://www.kqed.org/news/12024851/california-legislature-approves-50m-to-fight-trump-administration-in-court\">a $50 million legal defense fund\u003c/a> earlier this year to push back against the Trump administration in court. Half of the fund was earmarked for the state Department of Justice, led by Bonta.\u003c/p>\n\u003cp>“Trump’s tariffs are the single largest tax increase in our lifetime, and they’re jamming Californians with higher prices on groceries, medicine and cars,” Rivas said. “This is why we enacted a legal defense fund: to fight Republican policies that harm taxpayers. We’re protecting our residents — and all American families — from unlawful economic chaos.”\u003c/p>\n\u003cp>Newsom said that fund was created as an insurance policy that he would prefer not to use.\u003c/p>\n\u003cp>“We didn’t want to go down this path. We were hoping we didn’t need to go down this path, but we prepared to go down this path,” he said of the legal challenges to Trump’s policies.\u003c/p>\n\u003cp>\u003c/p>\n\u003c/div>\u003c/p>",
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"content": "\u003cp>Wall Street has been whipsawed for \u003ca href=\"https://www.npr.org/2025/04/08/nx-s1-5355914/markets-swing-on-hopes-for-tariffs-deals\">more than a week\u003c/a> by President Trump’s every word about tariffs. Now he’s facing accusations of using his power to deliberately manipulate the markets.\u003c/p>\n\u003cp>The scrutiny started with a tale of two social media posts. On Wednesday, shortly after the U.S. stock market opened, Trump \u003ca href=\"https://truthsocial.com/@realDonaldTrump/posts/114308272725981913\">posted on his Truth Social network\u003c/a> in all caps: “THIS IS A GREAT TIME TO BUY!!!”\u003c/p>\n\u003cp>Less than \u003ca href=\"https://truthsocial.com/@realDonaldTrump/posts/114309144289505174\">four hours \u003c/a>after his post, Trump said on Truth Social that \u003ca href=\"https://www.npr.org/2025/04/09/nx-s1-5357645/trump-tariffs-paused\">he would pause\u003c/a> the harshest of his tariffs on most countries.\u003c/p>\n\u003cp>Stocks immediately \u003ca href=\"https://www.npr.org/2025/04/09/nx-s1-5357405/stocks-tariffs-china-eu-trump-trade-war\">skyrocketed in relief\u003c/a>, with the Dow closing up almost 3,000 points — meaning that any investors who had followed Trump’s advice in the morning and bought into the stock market right away would have made quite a bit of money by the end of the day.\u003c/p>\n\u003cp>Prior to his post, share prices had been plummeting \u003ca href=\"https://www.npr.org/2025/04/07/nx-s1-5354231/markets-continue-to-tumble-following-trumps-new-tariffs-announcement\">for days\u003c/a>, as fears mounted about the economic damage Trump’s new trade policies could cause. Powerful investors and billionaire business leaders had \u003ca href=\"https://www.npr.org/2025/04/07/nx-s1-5354797/tariffs-wall-street-warnings\">increasingly gone public\u003c/a> airing their worries about the new tariffs and the resulting financial panic.\u003c/p>\n\u003cp>[ad fullwidth]\u003c/p>\n\u003cp>By Wednesday afternoon, Trump seemed to hear them when he hit pause.\u003c/p>\n\u003cp>Now some Democratic lawmakers and government ethics experts are calling for investigations into whether Trump was attempting to deliberately manipulate the markets, or to enable others to trade on insider information.\u003c/p>\n\u003cp>Sens. Adam Schiff, Democrat from California, and Ruben Gallego, Democrat from Arizona, \u003ca href=\"https://www.schiff.senate.gov/wp-content/uploads/2025/04/2025.04.10-Sens.-Schiff-Gallego-Letter-to-WH-OGE-on-Insider-Trading-and-Tariffs.pdf\" target=\"_blank\" rel=\"noopener\">sent a letter (PDF)\u003c/a> to the White House on Wednesday requesting “an urgent inquiry into whether President Trump, his family, or other members of the administration engaged in insider trading or other illegal financial transactions, informed by advanced knowledge” of his tariff policy changes.\u003c/p>\n\u003cp>Sen. Elizabeth Warren, Democrat from Massachusetts, \u003ca href=\"https://finance.yahoo.com/news/aoc-elizabeth-warren-demand-answers-135944420.html\">also called\u003c/a> for an investigation, asking on the floor of Congress if this was “corruption in plain sight.”\u003c/p>\n\u003cp>White House spokesperson Kush Desai accused Democrats of “playing partisan games” and tells NPR that Trump’s early-morning post was merely meant to calm investors’ fears.\u003c/p>\n\u003cp>“”It is the responsibility of the President of the United States to reassure the markets and Americans about their economic security,” he wrote in an emailed statement.\u003c/p>\n\u003ch2>George W. Bush’s former chief ethics lawyer says such statements would have led to firing\u003c/h2>\n\u003cp>But the criticisms of Trump’s two Truth Social posts aren’t just limited to his partisan opponents.\u003c/p>\n\u003cp>“We can’t have senior public officials — including the president — talking about stock prices and where to buy or to sell at the same time as they are making and announcing decisions that have a dramatic impact on stock prices,” says Richard Painter, a law professor at the University of Minnesota, who previously served as the chief ethics lawyer for President George W. Bush.\u003c/p>\n\u003cp>[aside postID=forum_2010101909473 hero='https://cdn.kqed.org/wp-content/uploads/sites/43/2025/04/GettyImages-2207863842-stock-market-tariffs-1020x574.jpg']\u003c/p>\n\u003cp>If anyone in the Bush administration had made similar public statements urging people to buy or sell stocks, Painter added, “that person probably would [have been] fired.”\u003c/p>\n\u003cp>Painter did not accuse President Trump of market manipulation: “We don’t have clear evidence of that here,” he tells NPR.\u003c/p>\n\u003cp>But he pointed out that the president already has a track record of \u003ca href=\"https://www.npr.org/2024/11/29/nx-s1-5209831/a-second-trump-term-could-bring-more-financial-conflicts-of-interest\">pushing the boundaries\u003c/a>, at the very least.\u003c/p>\n\u003cp>“Financial conflicts of interests for President Trump \u003ca href=\"https://www.npr.org/2016/12/05/503611249/trumps-businesses-and-potential-conflicts-sorting-it-out\">have been a concern\u003c/a> since he was first elected in 2016,” Painter says, adding that the problems today are even greater.\u003c/p>\n\u003cp>Trump’s \u003ca href=\"https://www.npr.org/2024/09/25/nx-s1-5056183/trump-has-a-pro-cryptocurrency-platform-while-harris-chases-the-crypto-vote\">embrace of the crypto industry\u003c/a>, for example, has drawn \u003ca href=\"https://www.npr.org/2024/11/11/nx-s1-5184152/the-crypto-industry-won-big-this-election-it-has-several-implications\">ongoing scrutiny\u003c/a>: The president, who has a growing personal portfolio of cryptocurrency-related businesses, has appointed \u003ca href=\"https://www.npr.org/2024/11/19/nx-s1-5189643/commerce-treasury-secretary-howard-lutnick-trump-cantor-fitzgerald\">pro-crypto Cabinet officials\u003c/a> and promised the industry much friendlier regulation.\u003c/p>\n\u003ch2>It’s up to the SEC to investigate accusations of insider trading\u003c/h2>\n\u003cp>Despite the wide-ranging calls for investigations into Trump’s social media posts on Wednesday, Painter and others aren’t expecting to see much happen.\u003c/p>\n\u003cp>The Republican lawmakers who control both the House and Senate have shown little interest in picking fights with Trump. Nor do ethics experts expect much movement from the U.S. Securities and Exchange Commission, which investigates accusations of insider trading.\u003c/p>\n\u003cp>On Wednesday, the Senate\u003ca href=\"https://thehill.com/business/5241843-trump-sec-chair-pick-paul-atkins-confirmed-senate/\"> voted to confirm\u003c/a> Trump nominee \u003ca href=\"https://www.npr.org/2024/12/04/g-s1-36803/trump-crypto-paul-atkins-sec-chair\">Paul Atkins\u003c/a> to lead the SEC. And Trump in February \u003ca href=\"https://www.npr.org/2025/02/19/nx-s1-5302481/trump-independent-agencies\">signed an executive order\u003c/a> claiming more power over independent regulatory agencies, including the SEC.\u003c/p>\n\u003cp>\u003c/p>\n\u003cp>An SEC spokesperson declined to comment on the matter.\u003c/p>\n\n",
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"content": "\u003cdiv class=\"post-body\">\u003cp>\u003cp>Wall Street has been whipsawed for \u003ca href=\"https://www.npr.org/2025/04/08/nx-s1-5355914/markets-swing-on-hopes-for-tariffs-deals\">more than a week\u003c/a> by President Trump’s every word about tariffs. Now he’s facing accusations of using his power to deliberately manipulate the markets.\u003c/p>\n\u003cp>The scrutiny started with a tale of two social media posts. On Wednesday, shortly after the U.S. stock market opened, Trump \u003ca href=\"https://truthsocial.com/@realDonaldTrump/posts/114308272725981913\">posted on his Truth Social network\u003c/a> in all caps: “THIS IS A GREAT TIME TO BUY!!!”\u003c/p>\n\u003cp>Less than \u003ca href=\"https://truthsocial.com/@realDonaldTrump/posts/114309144289505174\">four hours \u003c/a>after his post, Trump said on Truth Social that \u003ca href=\"https://www.npr.org/2025/04/09/nx-s1-5357645/trump-tariffs-paused\">he would pause\u003c/a> the harshest of his tariffs on most countries.\u003c/p>\n\u003cp>Stocks immediately \u003ca href=\"https://www.npr.org/2025/04/09/nx-s1-5357405/stocks-tariffs-china-eu-trump-trade-war\">skyrocketed in relief\u003c/a>, with the Dow closing up almost 3,000 points — meaning that any investors who had followed Trump’s advice in the morning and bought into the stock market right away would have made quite a bit of money by the end of the day.\u003c/p>\n\u003cp>Prior to his post, share prices had been plummeting \u003ca href=\"https://www.npr.org/2025/04/07/nx-s1-5354231/markets-continue-to-tumble-following-trumps-new-tariffs-announcement\">for days\u003c/a>, as fears mounted about the economic damage Trump’s new trade policies could cause. Powerful investors and billionaire business leaders had \u003ca href=\"https://www.npr.org/2025/04/07/nx-s1-5354797/tariffs-wall-street-warnings\">increasingly gone public\u003c/a> airing their worries about the new tariffs and the resulting financial panic.\u003c/p>\n\u003cp>\u003c/p>\u003c/div>",
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"content": "\u003cdiv class=\"post-body\">\u003cp>\u003c/p>\n\u003cp>By Wednesday afternoon, Trump seemed to hear them when he hit pause.\u003c/p>\n\u003cp>Now some Democratic lawmakers and government ethics experts are calling for investigations into whether Trump was attempting to deliberately manipulate the markets, or to enable others to trade on insider information.\u003c/p>\n\u003cp>Sens. Adam Schiff, Democrat from California, and Ruben Gallego, Democrat from Arizona, \u003ca href=\"https://www.schiff.senate.gov/wp-content/uploads/2025/04/2025.04.10-Sens.-Schiff-Gallego-Letter-to-WH-OGE-on-Insider-Trading-and-Tariffs.pdf\" target=\"_blank\" rel=\"noopener\">sent a letter (PDF)\u003c/a> to the White House on Wednesday requesting “an urgent inquiry into whether President Trump, his family, or other members of the administration engaged in insider trading or other illegal financial transactions, informed by advanced knowledge” of his tariff policy changes.\u003c/p>\n\u003cp>Sen. Elizabeth Warren, Democrat from Massachusetts, \u003ca href=\"https://finance.yahoo.com/news/aoc-elizabeth-warren-demand-answers-135944420.html\">also called\u003c/a> for an investigation, asking on the floor of Congress if this was “corruption in plain sight.”\u003c/p>\n\u003cp>White House spokesperson Kush Desai accused Democrats of “playing partisan games” and tells NPR that Trump’s early-morning post was merely meant to calm investors’ fears.\u003c/p>\n\u003cp>“”It is the responsibility of the President of the United States to reassure the markets and Americans about their economic security,” he wrote in an emailed statement.\u003c/p>\n\u003ch2>George W. Bush’s former chief ethics lawyer says such statements would have led to firing\u003c/h2>\n\u003cp>But the criticisms of Trump’s two Truth Social posts aren’t just limited to his partisan opponents.\u003c/p>\n\u003cp>“We can’t have senior public officials — including the president — talking about stock prices and where to buy or to sell at the same time as they are making and announcing decisions that have a dramatic impact on stock prices,” says Richard Painter, a law professor at the University of Minnesota, who previously served as the chief ethics lawyer for President George W. Bush.\u003c/p>\n\u003cp>\u003c/p>\u003c/div>",
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"content": "\u003cdiv class=\"post-body\">\u003cp>\u003c/p>\n\u003cp>If anyone in the Bush administration had made similar public statements urging people to buy or sell stocks, Painter added, “that person probably would [have been] fired.”\u003c/p>\n\u003cp>Painter did not accuse President Trump of market manipulation: “We don’t have clear evidence of that here,” he tells NPR.\u003c/p>\n\u003cp>But he pointed out that the president already has a track record of \u003ca href=\"https://www.npr.org/2024/11/29/nx-s1-5209831/a-second-trump-term-could-bring-more-financial-conflicts-of-interest\">pushing the boundaries\u003c/a>, at the very least.\u003c/p>\n\u003cp>“Financial conflicts of interests for President Trump \u003ca href=\"https://www.npr.org/2016/12/05/503611249/trumps-businesses-and-potential-conflicts-sorting-it-out\">have been a concern\u003c/a> since he was first elected in 2016,” Painter says, adding that the problems today are even greater.\u003c/p>\n\u003cp>Trump’s \u003ca href=\"https://www.npr.org/2024/09/25/nx-s1-5056183/trump-has-a-pro-cryptocurrency-platform-while-harris-chases-the-crypto-vote\">embrace of the crypto industry\u003c/a>, for example, has drawn \u003ca href=\"https://www.npr.org/2024/11/11/nx-s1-5184152/the-crypto-industry-won-big-this-election-it-has-several-implications\">ongoing scrutiny\u003c/a>: The president, who has a growing personal portfolio of cryptocurrency-related businesses, has appointed \u003ca href=\"https://www.npr.org/2024/11/19/nx-s1-5189643/commerce-treasury-secretary-howard-lutnick-trump-cantor-fitzgerald\">pro-crypto Cabinet officials\u003c/a> and promised the industry much friendlier regulation.\u003c/p>\n\u003ch2>It’s up to the SEC to investigate accusations of insider trading\u003c/h2>\n\u003cp>Despite the wide-ranging calls for investigations into Trump’s social media posts on Wednesday, Painter and others aren’t expecting to see much happen.\u003c/p>\n\u003cp>The Republican lawmakers who control both the House and Senate have shown little interest in picking fights with Trump. Nor do ethics experts expect much movement from the U.S. Securities and Exchange Commission, which investigates accusations of insider trading.\u003c/p>\n\u003cp>On Wednesday, the Senate\u003ca href=\"https://thehill.com/business/5241843-trump-sec-chair-pick-paul-atkins-confirmed-senate/\"> voted to confirm\u003c/a> Trump nominee \u003ca href=\"https://www.npr.org/2024/12/04/g-s1-36803/trump-crypto-paul-atkins-sec-chair\">Paul Atkins\u003c/a> to lead the SEC. And Trump in February \u003ca href=\"https://www.npr.org/2025/02/19/nx-s1-5302481/trump-independent-agencies\">signed an executive order\u003c/a> claiming more power over independent regulatory agencies, including the SEC.\u003c/p>\n\u003cp>\u003c/p>\n\u003cp>An SEC spokesperson declined to comment on the matter.\u003c/p>\n\n\u003c/div>\u003c/p>",
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"title": "Higher Prices May Be Slow to Come Down Even if Tariffs Go Away, Economists Say",
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"content": "\u003cp>As consumers, we’re all familiar with a basic tenet of economics: prices can go up quickly, but they come down only slowly — or more commonly, not at all.\u003c/p>\n\u003cp>How does that play out in the era of tariff wars? The answer depends partly on something you may remember from Econ 101: Prices are “sticky.” It’s a phenomenon that might be intuitive for most consumers: Prices tend to rise more quickly than they fall.\u003c/p>\n\u003cp>Some products, such as automobiles and appliances, have more price stickiness due to more complex supply chains. In these cases, producers need more time to assess cost increases and decide how much to raise prices for wholesalers or consumers, according to Robert Triest, an economics professor at Northwestern University. As a result, he says, price hikes may take longer and, once implemented, tend to stay in place longer.\u003c/p>\n\u003cp>[ad fullwidth]\u003c/p>\n\u003cp>Companies will be “trying to relocate where they procure parts. And that’s a costly endeavor, both in terms of the resources spent and the time it takes,” he says.\u003c/p>\n\u003cp>“And even if tariffs come down, once they’ve made those adjustments, it’s likely that it would be a long time before they readjust the supply chain,” Triest says. “And so the costs associated with the supply chains adjustments would likely be very sticky.”\u003c/p>\n\u003cp>On the other hand, he says, there are some commodities, such as food and fuel, “where the cost of procurement goes up a lot … [but] once a tariff is removed, that could come down pretty rapidly, too.”\u003c/p>\n\u003ch2>Experimenting with sticky prices\u003c/h2>\n\u003cp>Price stickiness is related to the concept of disinflation, explains Kenneth Louie, director of the Economic Research Institute of Erie at Penn State University. Unlike deflation, which is about falling prices and rare, disinflation “means prices are still rising, but at a slower rate,” he says. The end of tariffs would bring disinflation, not deflation, he says.\u003c/p>\n\u003cp>“If you look at our most recent experience with disinflation, namely when inflation fell from 9% in 2022, back down now to under 3% recently … the rate of increase has been slowing, but that doesn’t mean prices are falling overall.”\u003c/p>\n\u003cp>Robert Dolan, a marketing professor emeritus at Harvard Business School, says another price pressure is at play. The tariffs, he says, “will essentially launch a broad set of experiments, which will reveal to suppliers if their previous prices were profit maximizing or too low.”\u003c/p>\n\u003cp>[aside postID=forum_2010101909473 hero='https://cdn.kqed.org/wp-content/uploads/sites/43/2025/04/GettyImages-2207863842-stock-market-tariffs-1020x574.jpg']\u003c/p>\n\u003cp>He gives the example of entertainment venues learning from secondary ticket sellers on platforms such as StubHub. Professional teams focused mainly on filling seats, not on how much people were willing to pay. In contrast, StubHub sellers set their own prices, essentially running many price experiments. This revealed that people were sometimes willing to pay much more than was previously thought for prime seats.\u003c/p>\n\u003cp>When suppliers learn that people will pay more, those price adjustments could get locked in even if tariffs go away, Dolan says.\u003c/p>\n\u003cp>There’s another factor, according to Carola Binder, an associate professor at the University of Texas School of Civic Leadership. It’s the cost of changing the prices on consumer goods.\u003c/p>\n\u003cp>Take the example of a restaurant that needs to raise the price of guacamole. The restaurant owner will need to print a new menu to reflect the higher input cost of avocados. “If they think the prices of avocados are going to continue rising, then they’re going to set prices now,” she says. “And that’s because of that price stickiness, because they know that they are not going to instantly print a new menu every hour as input prices are changing.”\u003c/p>\n\u003cp>Much is likely to depend on how long the tariffs remain in place, according to Philip Braun, a clinical professor of at Northwestern’s Kellogg School of Management. The tariffs, he says, are “definitely going to disrupt everything, even if they’re reduced to zero within a few months.” That’s because anger at the U.S. and uncertainty over the White House’s next move will cause companies located abroad to “start searching for alternative supply chains outside of the U.S. And if they find them, they’re going to focus on those over the U.S.”\u003c/p>\n\u003ch2>Still, consumers have time before prices rise\u003c/h2>\n\u003cp>Even so, Joseph Gagnon, a senior fellow at the Peterson Institute for International Economics, cautions that “shifting your supply chain is such a costly and long-lasting decision that it’s unlikely to happen soon.”\u003c/p>\n\u003cp>To be sure, Gagnon is more optimistic about the ability of some manufacturers, such as automakers, to absorb some of the price increases due to tariffs that would otherwise be passed onto consumers. “They have profit margins that can absorb some of it,” he says. “They can shift their production so that they have factories in the U.S. and in Japan, and they can run more shifts in the U.S. and less in Japan.”\u003c/p>\n\u003cp>The White House’s conflicting messages — about the timing of the tariffs, their percentage and possible exemptions — are likely to make business owners hesitant to make changes, Triest says.\u003c/p>\n\u003cp>“I’m sure a lot of decisions are being put on hold right now until business people see where this all settles out,” he says. “So it’s likely that a lot of the price increases will also be delayed until businesses figure out how much the costs really will have increased.”\u003c/p>\n\u003cp>\u003c/p>\n",
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"content": "\u003cdiv class=\"post-body\">\u003cp>\u003cp>As consumers, we’re all familiar with a basic tenet of economics: prices can go up quickly, but they come down only slowly — or more commonly, not at all.\u003c/p>\n\u003cp>How does that play out in the era of tariff wars? The answer depends partly on something you may remember from Econ 101: Prices are “sticky.” It’s a phenomenon that might be intuitive for most consumers: Prices tend to rise more quickly than they fall.\u003c/p>\n\u003cp>Some products, such as automobiles and appliances, have more price stickiness due to more complex supply chains. In these cases, producers need more time to assess cost increases and decide how much to raise prices for wholesalers or consumers, according to Robert Triest, an economics professor at Northwestern University. As a result, he says, price hikes may take longer and, once implemented, tend to stay in place longer.\u003c/p>\n\u003cp>\u003c/p>\u003c/div>",
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"content": "\u003cdiv class=\"post-body\">\u003cp>\u003c/p>\n\u003cp>Companies will be “trying to relocate where they procure parts. And that’s a costly endeavor, both in terms of the resources spent and the time it takes,” he says.\u003c/p>\n\u003cp>“And even if tariffs come down, once they’ve made those adjustments, it’s likely that it would be a long time before they readjust the supply chain,” Triest says. “And so the costs associated with the supply chains adjustments would likely be very sticky.”\u003c/p>\n\u003cp>On the other hand, he says, there are some commodities, such as food and fuel, “where the cost of procurement goes up a lot … [but] once a tariff is removed, that could come down pretty rapidly, too.”\u003c/p>\n\u003ch2>Experimenting with sticky prices\u003c/h2>\n\u003cp>Price stickiness is related to the concept of disinflation, explains Kenneth Louie, director of the Economic Research Institute of Erie at Penn State University. Unlike deflation, which is about falling prices and rare, disinflation “means prices are still rising, but at a slower rate,” he says. The end of tariffs would bring disinflation, not deflation, he says.\u003c/p>\n\u003cp>“If you look at our most recent experience with disinflation, namely when inflation fell from 9% in 2022, back down now to under 3% recently … the rate of increase has been slowing, but that doesn’t mean prices are falling overall.”\u003c/p>\n\u003cp>Robert Dolan, a marketing professor emeritus at Harvard Business School, says another price pressure is at play. The tariffs, he says, “will essentially launch a broad set of experiments, which will reveal to suppliers if their previous prices were profit maximizing or too low.”\u003c/p>\n\u003cp>\u003c/p>\u003c/div>",
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"content": "\u003cdiv class=\"post-body\">\u003cp>\u003c/p>\n\u003cp>He gives the example of entertainment venues learning from secondary ticket sellers on platforms such as StubHub. Professional teams focused mainly on filling seats, not on how much people were willing to pay. In contrast, StubHub sellers set their own prices, essentially running many price experiments. This revealed that people were sometimes willing to pay much more than was previously thought for prime seats.\u003c/p>\n\u003cp>When suppliers learn that people will pay more, those price adjustments could get locked in even if tariffs go away, Dolan says.\u003c/p>\n\u003cp>There’s another factor, according to Carola Binder, an associate professor at the University of Texas School of Civic Leadership. It’s the cost of changing the prices on consumer goods.\u003c/p>\n\u003cp>Take the example of a restaurant that needs to raise the price of guacamole. The restaurant owner will need to print a new menu to reflect the higher input cost of avocados. “If they think the prices of avocados are going to continue rising, then they’re going to set prices now,” she says. “And that’s because of that price stickiness, because they know that they are not going to instantly print a new menu every hour as input prices are changing.”\u003c/p>\n\u003cp>Much is likely to depend on how long the tariffs remain in place, according to Philip Braun, a clinical professor of at Northwestern’s Kellogg School of Management. The tariffs, he says, are “definitely going to disrupt everything, even if they’re reduced to zero within a few months.” That’s because anger at the U.S. and uncertainty over the White House’s next move will cause companies located abroad to “start searching for alternative supply chains outside of the U.S. And if they find them, they’re going to focus on those over the U.S.”\u003c/p>\n\u003ch2>Still, consumers have time before prices rise\u003c/h2>\n\u003cp>Even so, Joseph Gagnon, a senior fellow at the Peterson Institute for International Economics, cautions that “shifting your supply chain is such a costly and long-lasting decision that it’s unlikely to happen soon.”\u003c/p>\n\u003cp>To be sure, Gagnon is more optimistic about the ability of some manufacturers, such as automakers, to absorb some of the price increases due to tariffs that would otherwise be passed onto consumers. “They have profit margins that can absorb some of it,” he says. “They can shift their production so that they have factories in the U.S. and in Japan, and they can run more shifts in the U.S. and less in Japan.”\u003c/p>\n\u003cp>The White House’s conflicting messages — about the timing of the tariffs, their percentage and possible exemptions — are likely to make business owners hesitant to make changes, Triest says.\u003c/p>\n\u003cp>“I’m sure a lot of decisions are being put on hold right now until business people see where this all settles out,” he says. “So it’s likely that a lot of the price increases will also be delayed until businesses figure out how much the costs really will have increased.”\u003c/p>\n\u003cp>\u003c/p>\n\u003c/div>\u003c/p>",
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"title": "California Officials Warn Proposition 36 May Drain Resources From Successful Community Programs",
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"content": "\u003cp>Ever since voters \u003ca href=\"https://www.kqed.org/news/12012656/proposition-36-californias-newest-tough-on-crime-measure-appears-headed-for-victory\">overwhelmingly approved Proposition 36\u003c/a> last fall, there’s been a \u003ca href=\"https://www.kqed.org/news/12030919/californias-tough-on-crime-shift-hits-roadblock-who-will-pay-for-prop-36\">hot debate in Sacramento over how to pay\u003c/a> for the new drug and mental health treatment programs outlined in the tough-on-crime ballot measure.\u003c/p>\n\u003cp>Now, officials at one state agency say they have \u003ca href=\"https://www.bscc.ca.gov/wp-content/uploads/2025/04/Agenda-Item-C-Prop-47-Cohort-5-Request-for-Proposals-4.10.25-FINAL.pdf\">a pot of money available\u003c/a> to help fund the voter-approved initiative, even as they warn that the funding will dry up in future years — because of Proposition 36.\u003c/p>\n\u003cp>At issue are grant funds handed out by the Board of State and Community Corrections to cities, counties and community groups that run mental health, substance use treatment and diversion programs. The BSCC has \u003ca href=\"https://www.kqed.org/news/11986380/prop-47-has-saved-california-millions-these-are-the-programs-its-funded\">handed out nearly $500 million in grant money over the past decade to successful programs\u003c/a>.\u003c/p>\n\u003cp>[ad fullwidth]\u003c/p>\n\u003cp>That money comes from prison savings created by a previous ballot measure known as Proposition 47, which resulted in fewer shoplifters and drug users being sent to prison because it made those crimes misdemeanors.\u003c/p>\n\u003cp>However, Proposition 36 essentially reversed that by allowing prosecutors to charge repeat thieves and drug users with felonies. The initiative also offers offenders another path: People facing felony charges under Proposition 36 can get those charges dropped if they participate in treatment.\u003c/p>\n\u003cp>It’s those court-mandated treatment programs that the BSCC is offering to fund. The agency’s board is scheduled to vote Thursday morning on whether to release $127 million in new, competitive grants.\u003c/p>\n\u003cp>BSCC Executive Director Aaron Maguire said it makes sense to open up the grants to Proposition 36 programs because they fit with the intent of the grants.\u003c/p>\n\u003cp>“It is for substance use disorder treatment and mental health treatment for people who basically have been at one time involved, or are currently involved, in the criminal justice processes,” he said.\u003c/p>\n\u003cp>[aside postID=news_11986218 hero='https://cdn.kqed.org/wp-content/uploads/sites/10/2024/05/AP24135825405021-KQED-1020x680.jpg']\u003c/p>\n\u003cp>It’s a small win for supporters of Proposition 36, who have been pressuring Gov. Gavin Newsom and Democratic legislative leaders to fund the “court-mandated treatment” outlined in Proposition 36, so far with little success.\u003c/p>\n\u003cp>“It is a positive first step, but that’s all it is — the first step,” said Orange County Democratic state Sen. Tom Umberg, who backed Proposition 36 and has written several bills aimed at implementing and funding the measure.\u003c/p>\n\u003cp>Umberg is also asking legislative leaders to include $250 million in next year’s budget to help stand up the drug treatment programs outlined in Proposition 36.\u003c/p>\n\u003cp>Newsom and Democratic leaders opposed Proposition 36, which passed with more than 60% voter support.\u003c/p>\n\u003cp>“I want to make sure that the mandate that the voters issued is fulfilled,” Umberg said.\u003c/p>\n\u003cp>However, critics of Proposition 36 say that using Proposition 47 grant money to fund these court-mandated treatment programs will hurt, not help, public safety. Opponents of the ballot measure \u003ca href=\"https://www.kqed.org/news/12012013/can-tough-on-crime-prop-36-solve-theft-drug-use-and-homelessness-despite-no-new-funding\">warned from the beginning\u003c/a> that the initiative didn’t include funding to pay for the promises it was making and say it’s short-sighted to divert money from incredibly successful Proposition 47 programs, which have been \u003ca href=\"https://www.bscc.ca.gov/wp-content/uploads/2024/02/H-2-Proposition-47-Cohort-2-Final-Evaluation-Report-FINAL-1.pdf\">shown to reduce recidivism\u003c/a>.\u003c/p>\n\u003cp>Among those critics was the governor himself.\u003c/p>\n\u003cp>“As prison costs rise under Prop. 36’s tough-on-drugs approach, it’s ironic that the money saved by Prop. 47 is being used to cover Prop. 36’s costs,” Newsom said in a statement.\u003c/p>\n\u003cp>Anthony DiMartino of Californians for Safety and Justice, which wrote Proposition 47, told lawmakers in a hearing this week that opening up the grants to Proposition 36 programs will result in “significant cuts to effective community-based programs.”\u003c/p>\n\u003cp>He warned that this would happen as Proposition 47 grant funding decreased because as more people go to prison under Proposition 36, savings would go down.\u003c/p>\n\u003cp>That will pose counties with “an impossible choice,” DiMartino said, “by pitting a wide array of successful programs against treatment-mandated felony programs fighting for resources from the same shrinking funding source.”\u003c/p>\n\u003cp>\u003c/p>\n",
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"content": "\u003cdiv class=\"post-body\">\u003cp>\u003cp>Ever since voters \u003ca href=\"https://www.kqed.org/news/12012656/proposition-36-californias-newest-tough-on-crime-measure-appears-headed-for-victory\">overwhelmingly approved Proposition 36\u003c/a> last fall, there’s been a \u003ca href=\"https://www.kqed.org/news/12030919/californias-tough-on-crime-shift-hits-roadblock-who-will-pay-for-prop-36\">hot debate in Sacramento over how to pay\u003c/a> for the new drug and mental health treatment programs outlined in the tough-on-crime ballot measure.\u003c/p>\n\u003cp>Now, officials at one state agency say they have \u003ca href=\"https://www.bscc.ca.gov/wp-content/uploads/2025/04/Agenda-Item-C-Prop-47-Cohort-5-Request-for-Proposals-4.10.25-FINAL.pdf\">a pot of money available\u003c/a> to help fund the voter-approved initiative, even as they warn that the funding will dry up in future years — because of Proposition 36.\u003c/p>\n\u003cp>At issue are grant funds handed out by the Board of State and Community Corrections to cities, counties and community groups that run mental health, substance use treatment and diversion programs. The BSCC has \u003ca href=\"https://www.kqed.org/news/11986380/prop-47-has-saved-california-millions-these-are-the-programs-its-funded\">handed out nearly $500 million in grant money over the past decade to successful programs\u003c/a>.\u003c/p>\n\u003cp>\u003c/p>\u003c/div>",
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"content": "\u003cdiv class=\"post-body\">\u003cp>\u003c/p>\n\u003cp>That money comes from prison savings created by a previous ballot measure known as Proposition 47, which resulted in fewer shoplifters and drug users being sent to prison because it made those crimes misdemeanors.\u003c/p>\n\u003cp>However, Proposition 36 essentially reversed that by allowing prosecutors to charge repeat thieves and drug users with felonies. The initiative also offers offenders another path: People facing felony charges under Proposition 36 can get those charges dropped if they participate in treatment.\u003c/p>\n\u003cp>It’s those court-mandated treatment programs that the BSCC is offering to fund. The agency’s board is scheduled to vote Thursday morning on whether to release $127 million in new, competitive grants.\u003c/p>\n\u003cp>BSCC Executive Director Aaron Maguire said it makes sense to open up the grants to Proposition 36 programs because they fit with the intent of the grants.\u003c/p>\n\u003cp>“It is for substance use disorder treatment and mental health treatment for people who basically have been at one time involved, or are currently involved, in the criminal justice processes,” he said.\u003c/p>\n\u003cp>\u003c/p>\u003c/div>",
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"content": "\u003cdiv class=\"post-body\">\u003cp>\u003c/p>\n\u003cp>It’s a small win for supporters of Proposition 36, who have been pressuring Gov. Gavin Newsom and Democratic legislative leaders to fund the “court-mandated treatment” outlined in Proposition 36, so far with little success.\u003c/p>\n\u003cp>“It is a positive first step, but that’s all it is — the first step,” said Orange County Democratic state Sen. Tom Umberg, who backed Proposition 36 and has written several bills aimed at implementing and funding the measure.\u003c/p>\n\u003cp>Umberg is also asking legislative leaders to include $250 million in next year’s budget to help stand up the drug treatment programs outlined in Proposition 36.\u003c/p>\n\u003cp>Newsom and Democratic leaders opposed Proposition 36, which passed with more than 60% voter support.\u003c/p>\n\u003cp>“I want to make sure that the mandate that the voters issued is fulfilled,” Umberg said.\u003c/p>\n\u003cp>However, critics of Proposition 36 say that using Proposition 47 grant money to fund these court-mandated treatment programs will hurt, not help, public safety. Opponents of the ballot measure \u003ca href=\"https://www.kqed.org/news/12012013/can-tough-on-crime-prop-36-solve-theft-drug-use-and-homelessness-despite-no-new-funding\">warned from the beginning\u003c/a> that the initiative didn’t include funding to pay for the promises it was making and say it’s short-sighted to divert money from incredibly successful Proposition 47 programs, which have been \u003ca href=\"https://www.bscc.ca.gov/wp-content/uploads/2024/02/H-2-Proposition-47-Cohort-2-Final-Evaluation-Report-FINAL-1.pdf\">shown to reduce recidivism\u003c/a>.\u003c/p>\n\u003cp>Among those critics was the governor himself.\u003c/p>\n\u003cp>“As prison costs rise under Prop. 36’s tough-on-drugs approach, it’s ironic that the money saved by Prop. 47 is being used to cover Prop. 36’s costs,” Newsom said in a statement.\u003c/p>\n\u003cp>Anthony DiMartino of Californians for Safety and Justice, which wrote Proposition 47, told lawmakers in a hearing this week that opening up the grants to Proposition 36 programs will result in “significant cuts to effective community-based programs.”\u003c/p>\n\u003cp>He warned that this would happen as Proposition 47 grant funding decreased because as more people go to prison under Proposition 36, savings would go down.\u003c/p>\n\u003cp>That will pose counties with “an impossible choice,” DiMartino said, “by pitting a wide array of successful programs against treatment-mandated felony programs fighting for resources from the same shrinking funding source.”\u003c/p>\n\u003cp>\u003c/p>\n\u003c/div>\u003c/p>",
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"content": "\u003cp>President Trump on Wednesday said on social media that he would pause tariffs on most countries for 90 days but would immediately hike tariffs on China to 125%.\u003c/p>\n\u003cp>White House press secretary Karoline Leavitt told reporters at the White House that \u003ca href=\"https://www.npr.org/2025/04/02/nx-s1-5345802/trump-tariffs-liberation-day\">tariffs\u003c/a> would be brought down to a “universal 10%” level during the 90-day pause, aside from China.\u003c/p>\n\u003cp>Treasury Secretary Scott Bessent told reporters, “It took great courage — great courage — for him [Trump] to stay the course until this moment.”\u003c/p>\n\u003cp>[ad fullwidth]\u003c/p>\n\u003cp>Bessent said China was the “biggest source” of trade issues for the United States and the rest of the world.\u003c/p>\n\u003cp>“I’m not calling it a trade war, but I’m saying that China has escalated, and President Trump responded very courageously to that, and we are going to work on a solution with the our trading partners,” he said.\u003c/p>\n\u003cp>Bessent said the decision to pause tariffs was not made because of the sharp decline in \u003ca href=\"https://www.npr.org/2025/04/09/nx-s1-5357405/stocks-tariffs-china-eu-trump-trade-war\">the stock market\u003c/a>, insisting the pause was needed to come to “bespoke” trade arrangements with other countries.\u003c/p>\n\u003cp>“It is going to take some time, and President Trump wants to be personally involved. So that’s why we’re getting the 90-day pause,” he said.\u003c/p>\n\u003cfigure id=\"attachment_12035190\" class=\"wp-caption aligncenter\" style=\"max-width: 1600px\">\u003cimg loading=\"lazy\" decoding=\"async\" class=\"size-full wp-image-12035190\" src=\"https://cdn.kqed.org/wp-content/uploads/sites/10/2025/04/npr.brightspotcdn-copy-7.jpg\" alt=\"\" width=\"1600\" height=\"1067\" srcset=\"https://cdn.kqed.org/wp-content/uploads/sites/10/2025/04/npr.brightspotcdn-copy-7.jpg 1600w, https://cdn.kqed.org/wp-content/uploads/sites/10/2025/04/npr.brightspotcdn-copy-7-800x534.jpg 800w, https://cdn.kqed.org/wp-content/uploads/sites/10/2025/04/npr.brightspotcdn-copy-7-1020x680.jpg 1020w, https://cdn.kqed.org/wp-content/uploads/sites/10/2025/04/npr.brightspotcdn-copy-7-160x107.jpg 160w, https://cdn.kqed.org/wp-content/uploads/sites/10/2025/04/npr.brightspotcdn-copy-7-1536x1024.jpg 1536w\" sizes=\"auto, (max-width: 1600px) 100vw, 1600px\">\u003cfigcaption class=\"wp-caption-text\">Treasury Secretary Scott Bessent speaks to the press outside the West Wing of the White House on Wednesday about President Trump’s decision to pause tariffs on US trading partners, but not for China. \u003ccite>(Saul Loeb/AFP via Getty Images)\u003c/cite>\u003c/figcaption>\u003c/figure>\n\u003cp>Bessent said that a range of issues would be on the table during talks with other countries, including liquefied natural gas (LNG) deals, non-tariff trade barriers, currency policies and subsidies. He said he has a meeting with Vietnamese officials today.\u003c/p>\n\u003cp>“These are complicated negotiations. These are imbalances that have taken decades to create,” he said.\u003c/p>\n\u003cp>Bessent told reporters that Trump had made his decision on Sunday. “This was driven by the president’s strategy. He and I had a long talk on Sunday, and this was his strategy all along.”\u003c/p>\n\u003cp>He said that Trump had “goaded China into a bad position” with its decision to hike its own retaliatory tariff to \u003ca href=\"https://www.npr.org/2025/04/09/g-s1-59092/asian-markets-tumble-trump-tariffs\">84% on all U.S. imports\u003c/a>.\u003c/p>\n\u003cp>\u003c/p>\n",
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"excerpt": "Treasury Secretary Scott Bessent said the decision to pause tariffs was not made because of the sharp decline in the stock market. ",
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"content": "\u003cdiv class=\"post-body\">\u003cp>\u003cp>President Trump on Wednesday said on social media that he would pause tariffs on most countries for 90 days but would immediately hike tariffs on China to 125%.\u003c/p>\n\u003cp>White House press secretary Karoline Leavitt told reporters at the White House that \u003ca href=\"https://www.npr.org/2025/04/02/nx-s1-5345802/trump-tariffs-liberation-day\">tariffs\u003c/a> would be brought down to a “universal 10%” level during the 90-day pause, aside from China.\u003c/p>\n\u003cp>Treasury Secretary Scott Bessent told reporters, “It took great courage — great courage — for him [Trump] to stay the course until this moment.”\u003c/p>\n\u003cp>\u003c/p>\u003c/div>",
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"content": "\u003cdiv class=\"post-body\">\u003cp>\u003c/p>\n\u003cp>Bessent said China was the “biggest source” of trade issues for the United States and the rest of the world.\u003c/p>\n\u003cp>“I’m not calling it a trade war, but I’m saying that China has escalated, and President Trump responded very courageously to that, and we are going to work on a solution with the our trading partners,” he said.\u003c/p>\n\u003cp>Bessent said the decision to pause tariffs was not made because of the sharp decline in \u003ca href=\"https://www.npr.org/2025/04/09/nx-s1-5357405/stocks-tariffs-china-eu-trump-trade-war\">the stock market\u003c/a>, insisting the pause was needed to come to “bespoke” trade arrangements with other countries.\u003c/p>\n\u003cp>“It is going to take some time, and President Trump wants to be personally involved. So that’s why we’re getting the 90-day pause,” he said.\u003c/p>\n\u003cfigure id=\"attachment_12035190\" class=\"wp-caption aligncenter\" style=\"max-width: 1600px\">\u003cimg loading=\"lazy\" decoding=\"async\" class=\"size-full wp-image-12035190\" src=\"https://cdn.kqed.org/wp-content/uploads/sites/10/2025/04/npr.brightspotcdn-copy-7.jpg\" alt=\"\" width=\"1600\" height=\"1067\" srcset=\"https://cdn.kqed.org/wp-content/uploads/sites/10/2025/04/npr.brightspotcdn-copy-7.jpg 1600w, https://cdn.kqed.org/wp-content/uploads/sites/10/2025/04/npr.brightspotcdn-copy-7-800x534.jpg 800w, https://cdn.kqed.org/wp-content/uploads/sites/10/2025/04/npr.brightspotcdn-copy-7-1020x680.jpg 1020w, https://cdn.kqed.org/wp-content/uploads/sites/10/2025/04/npr.brightspotcdn-copy-7-160x107.jpg 160w, https://cdn.kqed.org/wp-content/uploads/sites/10/2025/04/npr.brightspotcdn-copy-7-1536x1024.jpg 1536w\" sizes=\"auto, (max-width: 1600px) 100vw, 1600px\">\u003cfigcaption class=\"wp-caption-text\">Treasury Secretary Scott Bessent speaks to the press outside the West Wing of the White House on Wednesday about President Trump’s decision to pause tariffs on US trading partners, but not for China. \u003ccite>(Saul Loeb/AFP via Getty Images)\u003c/cite>\u003c/figcaption>\u003c/figure>\n\u003cp>Bessent said that a range of issues would be on the table during talks with other countries, including liquefied natural gas (LNG) deals, non-tariff trade barriers, currency policies and subsidies. He said he has a meeting with Vietnamese officials today.\u003c/p>\n\u003cp>“These are complicated negotiations. These are imbalances that have taken decades to create,” he said.\u003c/p>\n\u003cp>Bessent told reporters that Trump had made his decision on Sunday. “This was driven by the president’s strategy. He and I had a long talk on Sunday, and this was his strategy all along.”\u003c/p>\n\u003cp>He said that Trump had “goaded China into a bad position” with its decision to hike its own retaliatory tariff to \u003ca href=\"https://www.npr.org/2025/04/09/g-s1-59092/asian-markets-tumble-trump-tariffs\">84% on all U.S. imports\u003c/a>.\u003c/p>\n\u003cp>\u003c/p>\n\u003c/div>\u003c/p>",
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"title": "Bay Area Business Is Already Tough. After Trump’s Tariffs, Many Are Preparing for Pain",
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"content": "\u003cp>While President Donald Trump has defended \u003ca href=\"https://www.kqed.org/forum/2010101909473/the-fallout-of-trumps-expansive-tariffs\">his tariffs\u003c/a> as “medicine” for American industry during what he calls an economic emergency, many Bay Area small businesses that rely on imported goods are bracing for major upheaval.\u003c/p>\n\u003cp>Trump’s aggressive trade policy unveiled last week sent shockwaves through the global economy and U.S. markets. In addition to a 10% baseline tax on all imported goods, the U.S. will impose “reciprocal” tariffs affecting dozens of trade partners.\u003c/p>\n\u003cp>Those levies will increase costs for business owners — increases that many expect will be passed on to consumers.\u003c/p>\n\u003cp>[ad fullwidth]\u003c/p>\n\u003cp>Taylor Peliska, an employee at King Kog Bicycle Shop in downtown Oakland, estimated that roughly 90% of the goods in the store are imported. If Trump’s tariffs on goods from China and Taiwan remain, prices will definitely increase, he said.\u003c/p>\n\u003cp>“Almost everything that we make is from overseas,” Peliska said. “I personally don’t think tariffs are bad … but to do it in a sort of blanket way doesn’t really make sense, and to do it without having any domestic infrastructure to replace it also doesn’t make sense.”\u003c/p>\n\u003cp>“Prices are going to go up, but for how long … we don’t know.”\u003c/p>\n\u003cfigure id=\"attachment_12034834\" class=\"wp-caption aligncenter\" style=\"max-width: 2000px\">\u003cimg loading=\"lazy\" decoding=\"async\" class=\"size-full wp-image-12034834\" src=\"https://cdn.kqed.org/wp-content/uploads/sites/10/2025/04/250407-TARIFFSBAYAREASMALLBIZ-10-BL_QED-KQED.jpg\" alt=\"\" width=\"2000\" height=\"1333\" srcset=\"https://cdn.kqed.org/wp-content/uploads/sites/10/2025/04/250407-TARIFFSBAYAREASMALLBIZ-10-BL_QED-KQED.jpg 2000w, https://cdn.kqed.org/wp-content/uploads/sites/10/2025/04/250407-TARIFFSBAYAREASMALLBIZ-10-BL_QED-KQED-800x533.jpg 800w, https://cdn.kqed.org/wp-content/uploads/sites/10/2025/04/250407-TARIFFSBAYAREASMALLBIZ-10-BL_QED-KQED-1020x680.jpg 1020w, https://cdn.kqed.org/wp-content/uploads/sites/10/2025/04/250407-TARIFFSBAYAREASMALLBIZ-10-BL_QED-KQED-160x107.jpg 160w, https://cdn.kqed.org/wp-content/uploads/sites/10/2025/04/250407-TARIFFSBAYAREASMALLBIZ-10-BL_QED-KQED-1536x1024.jpg 1536w, https://cdn.kqed.org/wp-content/uploads/sites/10/2025/04/250407-TARIFFSBAYAREASMALLBIZ-10-BL_QED-KQED-1920x1280.jpg 1920w\" sizes=\"auto, (max-width: 2000px) 100vw, 2000px\">\u003cfigcaption class=\"wp-caption-text\">Taylor Peliska, a bicycle mechanic, works on a bike at King Kog Bicycle Shop in Oakland on April 7, 2025. \u003ccite>(Beth LaBerge/KQED)\u003c/cite>\u003c/figcaption>\u003c/figure>\n\u003cp>Other small businesses face the same uncertainty.\u003c/p>\n\u003cp>China, which exported over \u003ca href=\"https://ustr.gov/countries-regions/china-mongolia-taiwan/peoples-republic-china\">$400 billion\u003c/a> worth of goods to the United States in 2024, faces a 34% tariff, which is set to take effect Wednesday. Trump also threatened this week to impose an \u003ca href=\"https://truthsocial.com/@realDonaldTrump/posts/114297331052690348\">additional 50% tariff \u003c/a>on China after the nation announced plans to issue a 34% import fee on the U.S. in retaliation for Trump’s initial announcement.\u003c/p>\n\u003cp>Erik Bigglestone, who co-owns Games of Berkeley in the East Bay, said the store is already preparing for the worst. Nearly all of the board games and toys sold in the store are imported, and more than 90% of its products come from China, he said.[aside postID=news_12034730 hero='https://cdn.kqed.org/wp-content/uploads/sites/10/2025/04/iPhone16Getty-1020x680.jpg']Many manufacturers and store owners in the games industry are worried that the tariffs could put them out of business, Bigglestone said. Games of Berkeley, which has been in the community for nearly 45 years, is also at risk of going away, he said.\u003c/p>\n\u003cp>Suppliers have warned him that some goods may go up 10% to 25% in price over the next few weeks. As a small business, Games of Berkeley will need to pass some of those additional costs onto consumers, which could deter them from shopping locally when companies such as Amazon will be able to eat more of those import taxes, he added.\u003c/p>\n\u003cp>“It’s already expensive to do business in the Bay Area,” he said. “When you start throwing more and more expenses on top of it, that can really make people think twice about whether they even want to try and weather that storm.”\u003c/p>\n\u003cp>Bigglestone said he and the game store’s other owners have discussed raising prices preemptively so that they’re prepared for increased import costs moving forward. They’re also looking at increasing the store’s used games inventory and eliminating less popular options.\u003c/p>\n\u003cp>“It’s a pain and trauma that is being inflicted without any thought to the actual real-world consequences,” Bigglesone said.\u003c/p>\n\u003cfigure id=\"attachment_12034836\" class=\"wp-caption aligncenter\" style=\"max-width: 2000px\">\u003cimg loading=\"lazy\" decoding=\"async\" class=\"size-full wp-image-12034836\" src=\"https://cdn.kqed.org/wp-content/uploads/sites/10/2025/04/250407-TARIFFSBAYAREASMALLBIZ-13-BL_QED-KQED.jpg\" alt=\"\" width=\"2000\" height=\"1333\" srcset=\"https://cdn.kqed.org/wp-content/uploads/sites/10/2025/04/250407-TARIFFSBAYAREASMALLBIZ-13-BL_QED-KQED.jpg 2000w, https://cdn.kqed.org/wp-content/uploads/sites/10/2025/04/250407-TARIFFSBAYAREASMALLBIZ-13-BL_QED-KQED-800x533.jpg 800w, https://cdn.kqed.org/wp-content/uploads/sites/10/2025/04/250407-TARIFFSBAYAREASMALLBIZ-13-BL_QED-KQED-1020x680.jpg 1020w, https://cdn.kqed.org/wp-content/uploads/sites/10/2025/04/250407-TARIFFSBAYAREASMALLBIZ-13-BL_QED-KQED-160x107.jpg 160w, https://cdn.kqed.org/wp-content/uploads/sites/10/2025/04/250407-TARIFFSBAYAREASMALLBIZ-13-BL_QED-KQED-1536x1024.jpg 1536w, https://cdn.kqed.org/wp-content/uploads/sites/10/2025/04/250407-TARIFFSBAYAREASMALLBIZ-13-BL_QED-KQED-1920x1280.jpg 1920w\" sizes=\"auto, (max-width: 2000px) 100vw, 2000px\">\u003cfigcaption class=\"wp-caption-text\">Bikes and bike frames for sale hang from the ceiling at King Kog Bicycle Shop in Oakland on April 7, 2025. \u003ccite>(Beth LaBerge/KQED)\u003c/cite>\u003c/figcaption>\u003c/figure>\n\u003cp>Neale Mahoney, a professor of economics at Stanford University, said Trump’s tariffs will have sweeping effects across most industries. Businesses that rely on imported goods will be the first to increase their prices, but suppliers that import raw materials will also need to adjust, he said.\u003c/p>\n\u003cp>As those businesses begin increasing the prices of their goods, even companies that don’t rely on imports will be incentivized to follow suit, driving up the expected price for certain items universally, he said.\u003c/p>\n\u003cp>Ryan Cummings, chief of staff at the Stanford Institute for Economic Policy Research, said it’s rare to see financial uncertainty that is so reversible. If Trump announced that the tariffs were canceled, a lot of the fear and anxiety driving the market would decrease, he said, referencing the sudden market downturn that followed Trump’s announcement.\u003c/p>\n\u003cp>“If these tariffs stay where they are, we’re talking about destroying global supply chains and global value chains,” Cummings said. “If the tariffs stay in place, it will not only be a recession but a deep recession. But it’s avoidable. It’s completely avoidable.”\u003c/p>\n\u003cfigure id=\"attachment_12034835\" class=\"wp-caption aligncenter\" style=\"max-width: 2000px\">\u003cimg loading=\"lazy\" decoding=\"async\" class=\"size-full wp-image-12034835\" src=\"https://cdn.kqed.org/wp-content/uploads/sites/10/2025/04/250407-TARIFFSBAYAREASMALLBIZ-12-BL_QED-KQED.jpg\" alt=\"\" width=\"2000\" height=\"1334\" srcset=\"https://cdn.kqed.org/wp-content/uploads/sites/10/2025/04/250407-TARIFFSBAYAREASMALLBIZ-12-BL_QED-KQED.jpg 2000w, https://cdn.kqed.org/wp-content/uploads/sites/10/2025/04/250407-TARIFFSBAYAREASMALLBIZ-12-BL_QED-KQED-800x534.jpg 800w, https://cdn.kqed.org/wp-content/uploads/sites/10/2025/04/250407-TARIFFSBAYAREASMALLBIZ-12-BL_QED-KQED-1020x680.jpg 1020w, https://cdn.kqed.org/wp-content/uploads/sites/10/2025/04/250407-TARIFFSBAYAREASMALLBIZ-12-BL_QED-KQED-160x107.jpg 160w, https://cdn.kqed.org/wp-content/uploads/sites/10/2025/04/250407-TARIFFSBAYAREASMALLBIZ-12-BL_QED-KQED-1536x1025.jpg 1536w, https://cdn.kqed.org/wp-content/uploads/sites/10/2025/04/250407-TARIFFSBAYAREASMALLBIZ-12-BL_QED-KQED-1920x1281.jpg 1920w\" sizes=\"auto, (max-width: 2000px) 100vw, 2000px\">\u003cfigcaption class=\"wp-caption-text\">A bicycle for sale at King Kog Bicycle Shop in Oakland on April 7, 2025, displays a “Made in Cambodia” sticker. \u003ccite>(Beth LaBerge/KQED)\u003c/cite>\u003c/figcaption>\u003c/figure>\n\u003cp>Back in Oakland, a few doors down from King Kog Bicycle Shop is Howden Market, a small corner store that sells artisanal wines, beers and other craft goods. Kanitha Matoury, the store’s owner, said she was drawn to the neighborhood because of the beautiful building and her passion for food, drink and community.\u003c/p>\n\u003cp>While Howden sources many of its products locally, several of its nearly 200 vendors get the raw materials for their cans and bottles from overseas, Matoury said, adding that the United States doesn’t have the infrastructure and the factories to keep up with demand.\u003c/p>\n\u003cp>In recent years, inflation has made it difficult to stay afloat, Matoury said, adding that Trump’s tariffs will make it even harder. In cities such as Oakland, where the small business sector is taking a hit from increased rent and petty crime, store owners can’t take much more, she said.\u003c/p>\n\u003cp>“I believe, like what Barack Obama said, that small business is the backbone of our economy and the cornerstone of our community,” said Matoury, who is running for Oakland City Council. “Small businesses all over America are literally just closing shop.”\u003c/p>\n\u003cp>\u003c/p>\n",
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"content": "\u003cdiv class=\"post-body\">\u003cp>\u003cp>While President Donald Trump has defended \u003ca href=\"https://www.kqed.org/forum/2010101909473/the-fallout-of-trumps-expansive-tariffs\">his tariffs\u003c/a> as “medicine” for American industry during what he calls an economic emergency, many Bay Area small businesses that rely on imported goods are bracing for major upheaval.\u003c/p>\n\u003cp>Trump’s aggressive trade policy unveiled last week sent shockwaves through the global economy and U.S. markets. In addition to a 10% baseline tax on all imported goods, the U.S. will impose “reciprocal” tariffs affecting dozens of trade partners.\u003c/p>\n\u003cp>Those levies will increase costs for business owners — increases that many expect will be passed on to consumers.\u003c/p>\n\u003cp>\u003c/p>\u003c/div>",
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"content": "\u003cdiv class=\"post-body\">\u003cp>\u003c/p>\n\u003cp>Taylor Peliska, an employee at King Kog Bicycle Shop in downtown Oakland, estimated that roughly 90% of the goods in the store are imported. If Trump’s tariffs on goods from China and Taiwan remain, prices will definitely increase, he said.\u003c/p>\n\u003cp>“Almost everything that we make is from overseas,” Peliska said. “I personally don’t think tariffs are bad … but to do it in a sort of blanket way doesn’t really make sense, and to do it without having any domestic infrastructure to replace it also doesn’t make sense.”\u003c/p>\n\u003cp>“Prices are going to go up, but for how long … we don’t know.”\u003c/p>\n\u003cfigure id=\"attachment_12034834\" class=\"wp-caption aligncenter\" style=\"max-width: 2000px\">\u003cimg loading=\"lazy\" decoding=\"async\" class=\"size-full wp-image-12034834\" src=\"https://cdn.kqed.org/wp-content/uploads/sites/10/2025/04/250407-TARIFFSBAYAREASMALLBIZ-10-BL_QED-KQED.jpg\" alt=\"\" width=\"2000\" height=\"1333\" srcset=\"https://cdn.kqed.org/wp-content/uploads/sites/10/2025/04/250407-TARIFFSBAYAREASMALLBIZ-10-BL_QED-KQED.jpg 2000w, https://cdn.kqed.org/wp-content/uploads/sites/10/2025/04/250407-TARIFFSBAYAREASMALLBIZ-10-BL_QED-KQED-800x533.jpg 800w, https://cdn.kqed.org/wp-content/uploads/sites/10/2025/04/250407-TARIFFSBAYAREASMALLBIZ-10-BL_QED-KQED-1020x680.jpg 1020w, https://cdn.kqed.org/wp-content/uploads/sites/10/2025/04/250407-TARIFFSBAYAREASMALLBIZ-10-BL_QED-KQED-160x107.jpg 160w, https://cdn.kqed.org/wp-content/uploads/sites/10/2025/04/250407-TARIFFSBAYAREASMALLBIZ-10-BL_QED-KQED-1536x1024.jpg 1536w, https://cdn.kqed.org/wp-content/uploads/sites/10/2025/04/250407-TARIFFSBAYAREASMALLBIZ-10-BL_QED-KQED-1920x1280.jpg 1920w\" sizes=\"auto, (max-width: 2000px) 100vw, 2000px\">\u003cfigcaption class=\"wp-caption-text\">Taylor Peliska, a bicycle mechanic, works on a bike at King Kog Bicycle Shop in Oakland on April 7, 2025. \u003ccite>(Beth LaBerge/KQED)\u003c/cite>\u003c/figcaption>\u003c/figure>\n\u003cp>Other small businesses face the same uncertainty.\u003c/p>\n\u003cp>China, which exported over \u003ca href=\"https://ustr.gov/countries-regions/china-mongolia-taiwan/peoples-republic-china\">$400 billion\u003c/a> worth of goods to the United States in 2024, faces a 34% tariff, which is set to take effect Wednesday. Trump also threatened this week to impose an \u003ca href=\"https://truthsocial.com/@realDonaldTrump/posts/114297331052690348\">additional 50% tariff \u003c/a>on China after the nation announced plans to issue a 34% import fee on the U.S. in retaliation for Trump’s initial announcement.\u003c/p>\n\u003cp>Erik Bigglestone, who co-owns Games of Berkeley in the East Bay, said the store is already preparing for the worst. Nearly all of the board games and toys sold in the store are imported, and more than 90% of its products come from China, he said.\u003c/p>\u003c/div>",
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"content": "\u003cdiv class=\"post-body\">\u003cp>Many manufacturers and store owners in the games industry are worried that the tariffs could put them out of business, Bigglestone said. Games of Berkeley, which has been in the community for nearly 45 years, is also at risk of going away, he said.\u003c/p>\n\u003cp>Suppliers have warned him that some goods may go up 10% to 25% in price over the next few weeks. As a small business, Games of Berkeley will need to pass some of those additional costs onto consumers, which could deter them from shopping locally when companies such as Amazon will be able to eat more of those import taxes, he added.\u003c/p>\n\u003cp>“It’s already expensive to do business in the Bay Area,” he said. “When you start throwing more and more expenses on top of it, that can really make people think twice about whether they even want to try and weather that storm.”\u003c/p>\n\u003cp>Bigglestone said he and the game store’s other owners have discussed raising prices preemptively so that they’re prepared for increased import costs moving forward. They’re also looking at increasing the store’s used games inventory and eliminating less popular options.\u003c/p>\n\u003cp>“It’s a pain and trauma that is being inflicted without any thought to the actual real-world consequences,” Bigglesone said.\u003c/p>\n\u003cfigure id=\"attachment_12034836\" class=\"wp-caption aligncenter\" style=\"max-width: 2000px\">\u003cimg loading=\"lazy\" decoding=\"async\" class=\"size-full wp-image-12034836\" src=\"https://cdn.kqed.org/wp-content/uploads/sites/10/2025/04/250407-TARIFFSBAYAREASMALLBIZ-13-BL_QED-KQED.jpg\" alt=\"\" width=\"2000\" height=\"1333\" srcset=\"https://cdn.kqed.org/wp-content/uploads/sites/10/2025/04/250407-TARIFFSBAYAREASMALLBIZ-13-BL_QED-KQED.jpg 2000w, https://cdn.kqed.org/wp-content/uploads/sites/10/2025/04/250407-TARIFFSBAYAREASMALLBIZ-13-BL_QED-KQED-800x533.jpg 800w, https://cdn.kqed.org/wp-content/uploads/sites/10/2025/04/250407-TARIFFSBAYAREASMALLBIZ-13-BL_QED-KQED-1020x680.jpg 1020w, https://cdn.kqed.org/wp-content/uploads/sites/10/2025/04/250407-TARIFFSBAYAREASMALLBIZ-13-BL_QED-KQED-160x107.jpg 160w, https://cdn.kqed.org/wp-content/uploads/sites/10/2025/04/250407-TARIFFSBAYAREASMALLBIZ-13-BL_QED-KQED-1536x1024.jpg 1536w, https://cdn.kqed.org/wp-content/uploads/sites/10/2025/04/250407-TARIFFSBAYAREASMALLBIZ-13-BL_QED-KQED-1920x1280.jpg 1920w\" sizes=\"auto, (max-width: 2000px) 100vw, 2000px\">\u003cfigcaption class=\"wp-caption-text\">Bikes and bike frames for sale hang from the ceiling at King Kog Bicycle Shop in Oakland on April 7, 2025. \u003ccite>(Beth LaBerge/KQED)\u003c/cite>\u003c/figcaption>\u003c/figure>\n\u003cp>Neale Mahoney, a professor of economics at Stanford University, said Trump’s tariffs will have sweeping effects across most industries. Businesses that rely on imported goods will be the first to increase their prices, but suppliers that import raw materials will also need to adjust, he said.\u003c/p>\n\u003cp>As those businesses begin increasing the prices of their goods, even companies that don’t rely on imports will be incentivized to follow suit, driving up the expected price for certain items universally, he said.\u003c/p>\n\u003cp>Ryan Cummings, chief of staff at the Stanford Institute for Economic Policy Research, said it’s rare to see financial uncertainty that is so reversible. If Trump announced that the tariffs were canceled, a lot of the fear and anxiety driving the market would decrease, he said, referencing the sudden market downturn that followed Trump’s announcement.\u003c/p>\n\u003cp>“If these tariffs stay where they are, we’re talking about destroying global supply chains and global value chains,” Cummings said. “If the tariffs stay in place, it will not only be a recession but a deep recession. But it’s avoidable. It’s completely avoidable.”\u003c/p>\n\u003cfigure id=\"attachment_12034835\" class=\"wp-caption aligncenter\" style=\"max-width: 2000px\">\u003cimg loading=\"lazy\" decoding=\"async\" class=\"size-full wp-image-12034835\" src=\"https://cdn.kqed.org/wp-content/uploads/sites/10/2025/04/250407-TARIFFSBAYAREASMALLBIZ-12-BL_QED-KQED.jpg\" alt=\"\" width=\"2000\" height=\"1334\" srcset=\"https://cdn.kqed.org/wp-content/uploads/sites/10/2025/04/250407-TARIFFSBAYAREASMALLBIZ-12-BL_QED-KQED.jpg 2000w, https://cdn.kqed.org/wp-content/uploads/sites/10/2025/04/250407-TARIFFSBAYAREASMALLBIZ-12-BL_QED-KQED-800x534.jpg 800w, https://cdn.kqed.org/wp-content/uploads/sites/10/2025/04/250407-TARIFFSBAYAREASMALLBIZ-12-BL_QED-KQED-1020x680.jpg 1020w, https://cdn.kqed.org/wp-content/uploads/sites/10/2025/04/250407-TARIFFSBAYAREASMALLBIZ-12-BL_QED-KQED-160x107.jpg 160w, https://cdn.kqed.org/wp-content/uploads/sites/10/2025/04/250407-TARIFFSBAYAREASMALLBIZ-12-BL_QED-KQED-1536x1025.jpg 1536w, https://cdn.kqed.org/wp-content/uploads/sites/10/2025/04/250407-TARIFFSBAYAREASMALLBIZ-12-BL_QED-KQED-1920x1281.jpg 1920w\" sizes=\"auto, (max-width: 2000px) 100vw, 2000px\">\u003cfigcaption class=\"wp-caption-text\">A bicycle for sale at King Kog Bicycle Shop in Oakland on April 7, 2025, displays a “Made in Cambodia” sticker. \u003ccite>(Beth LaBerge/KQED)\u003c/cite>\u003c/figcaption>\u003c/figure>\n\u003cp>Back in Oakland, a few doors down from King Kog Bicycle Shop is Howden Market, a small corner store that sells artisanal wines, beers and other craft goods. Kanitha Matoury, the store’s owner, said she was drawn to the neighborhood because of the beautiful building and her passion for food, drink and community.\u003c/p>\n\u003cp>While Howden sources many of its products locally, several of its nearly 200 vendors get the raw materials for their cans and bottles from overseas, Matoury said, adding that the United States doesn’t have the infrastructure and the factories to keep up with demand.\u003c/p>\n\u003cp>In recent years, inflation has made it difficult to stay afloat, Matoury said, adding that Trump’s tariffs will make it even harder. In cities such as Oakland, where the small business sector is taking a hit from increased rent and petty crime, store owners can’t take much more, she said.\u003c/p>\n\u003cp>“I believe, like what Barack Obama said, that small business is the backbone of our economy and the cornerstone of our community,” said Matoury, who is running for Oakland City Council. “Small businesses all over America are literally just closing shop.”\u003c/p>\n\u003cp>\u003c/p>\n\u003c/div>\u003c/p>",
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"info": "What kind of no sabo word is Hyphenación? For us, it’s about living within a hyphenation. Like being a third-gen Mexican-American from the Texas border now living that Bay Area Chicano life. Like Xorje! Each week we bring together a couple of hyphenated Latinos to talk all about personal life choices: family, careers, relationships, belonging … everything is on the table. ",
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"marketplace": {
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"info": "Our flagship program, helmed by Kai Ryssdal, examines what the day in money delivered, through stories, conversations, newsworthy numbers and more. Updated Monday through Friday at about 3:30 p.m. PT.",
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"mindshift": {
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"info": "The MindShift podcast explores the innovations in education that are shaping how kids learn. Hosts Ki Sung and Katrina Schwartz introduce listeners to educators, researchers, parents and students who are developing effective ways to improve how kids learn. We cover topics like how fed-up administrators are developing surprising tactics to deal with classroom disruptions; how listening to podcasts are helping kids develop reading skills; the consequences of overparenting; and why interdisciplinary learning can engage students on all ends of the traditional achievement spectrum. This podcast is part of the MindShift education site, a division of KQED News. KQED is an NPR/PBS member station based in San Francisco. You can also visit the MindShift website for episodes and supplemental blog posts or tweet us \u003ca href=\"https://twitter.com/MindShiftKQED\">@MindShiftKQED\u003c/a> or visit us at \u003ca href=\"/mindshift\">MindShift.KQED.org\u003c/a>",
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"order": 12
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"google": "https://podcasts.google.com/feed/aHR0cHM6Ly9mZWVkcy5tZWdhcGhvbmUuZm0vS1FJTkM1NzY0NjAwNDI5",
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"onourwatch": {
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"tagline": "Deeply-reported investigative journalism",
"info": "For decades, the process for how police police themselves has been inconsistent – if not opaque. In some states, like California, these proceedings were completely hidden. After a new police transparency law unsealed scores of internal affairs files, our reporters set out to examine these cases and the shadow world of police discipline. On Our Watch brings listeners into the rooms where officers are questioned and witnesses are interrogated to find out who this system is really protecting. Is it the officers, or the public they've sworn to serve?",
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"info": "Our weekly podcast explores how the media 'sausage' is made, casts an incisive eye on fluctuations in the marketplace of ideas, and examines threats to the freedom of information and expression in America and abroad. For one hour a week, the show tries to lift the veil from the process of \"making media,\" especially news media, because it's through that lens that we see the world and the world sees us",
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},
"pbs-newshour": {
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},
"perspectives": {
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"info": "The economy explained. Imagine you could call up a friend and say, Meet me at the bar and tell me what's going on with the economy. Now imagine that's actually a fun evening.",
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"title": "Political Breakdown",
"tagline": "Politics from a personal perspective",
"info": "Political Breakdown is a new series that explores the political intersection of California and the nation. Each week hosts Scott Shafer and Marisa Lagos are joined with a new special guest to unpack politics -- with personality — and offer an insider’s glimpse at how politics happens.",
"airtime": "THU 6:30pm-7pm",
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"possible": {
"id": "possible",
"title": "Possible",
"info": "Possible is hosted by entrepreneur Reid Hoffman and writer Aria Finger. Together in Possible, Hoffman and Finger lead enlightening discussions about building a brighter collective future. The show features interviews with visionary guests like Trevor Noah, Sam Altman and Janette Sadik-Khan. Possible paints an optimistic portrait of the world we can create through science, policy, business, art and our shared humanity. It asks: What if everything goes right for once? How can we get there? Each episode also includes a short fiction story generated by advanced AI GPT-4, serving as a thought-provoking springboard to speculate how humanity could leverage technology for good.",
"airtime": "SUN 2pm",
"imageSrc": "https://cdn.kqed.org/wp-content/uploads/2024/04/Possible-Podcast-Tile-360x360-1.jpg",
"officialWebsiteLink": "https://www.possible.fm/",
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"source": "Possible"
},
"link": "/radio/program/possible",
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"spotify": "https://open.spotify.com/show/730YpdUSNlMyPQwNnyjp4k"
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},
"pri-the-world": {
"id": "pri-the-world",
"title": "PRI's The World: Latest Edition",
"info": "Each weekday, host Marco Werman and his team of producers bring you the world's most interesting stories in an hour of radio that reminds us just how small our planet really is.",
"airtime": "MON-FRI 2pm-3pm",
"imageSrc": "https://cdn.kqed.org/wp-content/uploads/2024/04/The-World-Podcast-Tile-360x360-1.jpg",
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},
"radiolab": {
"id": "radiolab",
"title": "Radiolab",
"info": "A two-time Peabody Award-winner, Radiolab is an investigation told through sounds and stories, and centered around one big idea. In the Radiolab world, information sounds like music and science and culture collide. Hosted by Jad Abumrad and Robert Krulwich, the show is designed for listeners who demand skepticism, but appreciate wonder. WNYC Studios is the producer of other leading podcasts including Freakonomics Radio, Death, Sex & Money, On the Media and many more.",
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},
"reveal": {
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