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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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"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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"title": "Home Sales Post Their Biggest Monthly Fall Since 2022",
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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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"excerpt": "Despite expectations of a housing market boom, existing home sales in March slumped 5.9% from February — the largest month-to-month decline since November 2022 when seasonally adjusted. \r\n\r\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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"title": "Trump’s Tariffs Could Wreck California’s Economy. The State Is Suing",
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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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"excerpt": "California is once again challenging the Trump administration in court — this time to halt tariffs and avert harm to the state’s economy.",
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"title": "Trump’s Tariffs Could Wreck California’s Economy. The State Is Suing | KQED",
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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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"slug": "why-some-are-accusing-trump-of-manipulating-stock-markets",
"title": "Why Some Are Accusing Trump of Manipulating Stock Markets",
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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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"excerpt": "Lawmakers and ethics experts are calling for an investigation into President Trump's social media posts and whether he was attempting to deliberately manipulate the markets, or to enable others to trade on insider information.",
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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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"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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"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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"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>\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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"content": "\u003cp>\u003ca href=\"https://www.kqed.org/news/12033934/como-recibir-tercer-cheque-de-estimulo\">\u003cem>Leer en español\u003c/em>\u003c/a>\u003c/p>\n\u003cp>For many of us, 2021 feels like yesterday — instead of a whole four years ago. Year two of the COVID-19 pandemic \u003ca href=\"https://www.kqed.org/news/11855623/where-can-i-get-a-covid-19-vaccine-in-the-bay-area-your-questions-answered\">saw the vaccine rollout\u003c/a>, but it also brought the federal government’s \u003ca href=\"https://bidenwhitehouse.archives.gov/briefing-room/blog/2021/03/10/the-american-rescue-plan-passed-now-what/\">American Rescue Plan\u003c/a>, which included \u003ca href=\"https://www.pandemicoversight.gov/data-interactive-tools/data-stories/update-three-rounds-stimulus-checks-see-how-many-went-out-and\">a third round of stimulus checks\u003c/a>: $1,400 for most taxpayers in the U.S., along with an additional $1,400 for each of their dependents.\u003c/p>\n\u003cp>In order to receive this stimulus check back in March 2021, a household would need to have filed their taxes in 2020 or 2019. That’s because the federal government looked at tax returns in order to determine how many people lived in that household and, therefore, how big their payment should be. For example, if you and your spouse filed jointly and listed two children as dependents, your home would have received a stimulus check for $5,600 — $1,400 times four — in 2021.[aside postID=news_12030564 hero='https://cdn.kqed.org/wp-content/uploads/sites/10/2025/03/taxes041511_qed-1020x682.jpg']If a household hadn’t filed their taxes for 2019 or 2020 at the time the Internal Revenue Service (IRS) was cutting the stimulus checks, they missed out on getting that money. But since then, the IRS introduced the \u003ca href=\"https://www.irs.gov/coronavirus/economic-impact-payments\">Recovery Rebate Credit that those exact people\u003c/a> could claim — by filing their \u003cem>2021 \u003c/em>taxes if they hadn’t done so already.\u003c/p>\n\u003cp>However, the deadline to claim this money from the Recovery Rebate Credit is just a week away: April 15, a.k.a. Tax Day 2025, is the last day to file your 2021 tax return. The IRS estimated in March that \u003ca href=\"https://www.irs.gov/newsroom/taxpayers-should-act-now-to-claim-more-than-1-billion-in-refunds-for-tax-year-2021-with-the-april-15-deadline-fast-approaching\">more than 116,000 Californians have unclaimed refunds for tax year 2021\u003c/a> — which represents millions of dollars in unclaimed cash.\u003c/p>\n\u003cp>“There are many people that we’ve been speaking to that haven’t filed and didn’t know that this was still an option,” said Amy Spivey, professor and director of the Low-Income Taxpayer Clinic at UC College of the Law in San Francisco. “So if you have not filed for 2021 and you’ve not yet received the $1,400, definitely file by April 15 to preserve your right to receive that refund.”\u003c/p>\n\u003cp>Keep reading for what to know about filing your 2021 taxes if you haven’t already and how doing so could help you secure the Recovery Rebate Credit. Bear in mind that everyone’s tax situation is different, and it’s always a good idea to seek professional advice if you’re in doubt. See \u003ca href=\"https://www.kqed.org/news/11909786/how-to-find-free-tax-help-near-you-and-prepare-everything-you-need-for-your-appointment\">where to find free or low-cost tax preparation services near you.\u003c/a>\u003c/p>\n\u003cp>[ad fullwidth]\u003c/p>\n\u003ch2>\u003cstrong>How is a 2021 tax credit still available in 2025?\u003c/strong>\u003c/h2>\n\u003cp>If you’re wondering why Tax Day 2025 is the deadline to claim the Recovery Rebate Credit, years after the third round of stimulus checks were sent out, it’s because IRS rules \u003ca href=\"https://www.irs.gov/businesses/small-businesses-self-employed/filing-past-due-tax-returns\">give taxpayers three years to file their taxes from the original due date\u003c/a> in order to claim any refunds or credits from that year. And since the original deadline to file your 2021 tax returns was April 18, 2022, that means this year’s Tax Day is the \u003cem>final\u003c/em> deadline to file for that year.\u003c/p>\n\u003cp>That three-year grace period to file is “expiring on April 15, 2025,” Spivey said. “So as long as it was mailed by April 15, 2025, and you have proof of the mailing … then you’ve preserved your right to claim that credit.”\u003c/p>\n\u003ch2>\u003cstrong>Who qualifies for the Recovery Rebate Credit in 2025?\u003c/strong>\u003c/h2>\n\u003cp>According to the IRS, \u003ca href=\"https://www.irs.gov/newsroom/2021-recovery-rebate-credit-topic-c-eligibility-for-claiming-a-recovery-rebate-credit-on-a-2021-tax-return\">you are eligible for the Recovery Rebate Credit if\u003c/a>:\u003c/p>\n\u003cul>\n\u003cli>You were a U.S. citizen or U.S. resident alien during the 2021 calendar year, and;\u003c/li>\n\u003cli>You were not claimed as a dependent of another taxpayer in 2021, and;\u003c/li>\n\u003cli>You either have a valid Social Security number (SSN) or are filing jointly with a spouse who does, or you’re claiming a dependent who has a valid SSN or Adoption Taxpayer Identification Number.\u003c/li>\n\u003c/ul>\n\u003cp>Even if you did not have income in 2021 or received unemployment benefits for most of that year, you may still be eligible for this credit — but you’ll still have to file your 2021 taxes.\u003c/p>\n\u003cp>There are some things, however, \u003ca href=\"https://www.irs.gov/newsroom/2021-recovery-rebate-credit-topic-c-eligibility-for-claiming-a-recovery-rebate-credit-on-a-2021-tax-return\">that would disqualify you from receiving the credit\u003c/a>, including:\u003c/p>\n\u003cul>\n\u003cli>\u003cstrong>Residency:\u003c/strong> You are currently a nonresident alien without an SSN (and file your taxes using an Individual Taxpayer Identification Number, or ITIN)\u003c/li>\n\u003cli>\u003cstrong>Income limits:\u003c/strong> If you are a single filer and your adjusted gross income (AGI) in 2021 was more than $80,000, you will not receive the credit. The AGI limit for married couples filing jointly is $160,000 and $112,500 for those filing as head of household.\u003c/li>\n\u003c/ul>\n\u003cfigure id=\"attachment_12031207\" class=\"wp-caption aligncenter\" style=\"max-width: 2119px\">\u003cimg loading=\"lazy\" decoding=\"async\" class=\"size-full wp-image-12031207\" src=\"https://cdn.kqed.org/wp-content/uploads/sites/10/2025/03/GettyImages-1379321917.jpg\" alt=\"\" width=\"2119\" height=\"1415\" srcset=\"https://cdn.kqed.org/wp-content/uploads/sites/10/2025/03/GettyImages-1379321917.jpg 2119w, https://cdn.kqed.org/wp-content/uploads/sites/10/2025/03/GettyImages-1379321917-800x534.jpg 800w, https://cdn.kqed.org/wp-content/uploads/sites/10/2025/03/GettyImages-1379321917-1020x681.jpg 1020w, https://cdn.kqed.org/wp-content/uploads/sites/10/2025/03/GettyImages-1379321917-160x107.jpg 160w, https://cdn.kqed.org/wp-content/uploads/sites/10/2025/03/GettyImages-1379321917-1536x1026.jpg 1536w, https://cdn.kqed.org/wp-content/uploads/sites/10/2025/03/GettyImages-1379321917-2048x1368.jpg 2048w, https://cdn.kqed.org/wp-content/uploads/sites/10/2025/03/GettyImages-1379321917-1920x1282.jpg 1920w\" sizes=\"auto, (max-width: 2119px) 100vw, 2119px\">\u003cfigcaption class=\"wp-caption-text\">That 3-year grace period to file expires on April 15, 2025. \u003ccite>(Nora Carol Photography/Getty Images)\u003c/cite>\u003c/figcaption>\u003c/figure>\n\u003ch2>\u003cstrong>Will I have to pay a late penalty if I file my 2021 taxes in 2025?\u003c/strong>\u003c/h2>\n\u003cp>That depends. The IRS will only charge you a late filing penalty if your 2021 filings show that you owe them money.\u003c/p>\n\u003cp>But if they owe \u003cem>you \u003c/em>a refund, said Spivey from UC Law, “you do not get charged a penalty for the late filing of the tax returns.”\u003c/p>\n\u003cp>“For example, you didn’t owe any taxes, you just are claiming your stimulus check, and you’re going to get a $1,400 refund, then there wouldn’t be any penalties associated with that,” she added.\u003c/p>\n\u003cp>However, let’s say you \u003cem>do\u003c/em> owe the IRS money on your taxes. For example, say that you were working back in 2021 and asked your employer not to deduct federal taxes from your monthly paycheck. Because of this decision, you are expected to pay a percentage of that 2021 income when filing your taxes for that year — and if you are filing those taxes now, you still owe the IRS that percentage in 2025.\u003c/p>\n\u003cp>“[A late filing penalty] would be a percentage of how much was due on the bottom of your refund,” Spivey said. But she said it “still might be worth” filing your 2021 tax return by April 15 even if you owe money “because you’ll still get credit for that $1,400 … to reduce how much that you owe on that tax return.”\u003c/p>\n\u003cp>Another caveat: The IRS notes that taxpayers seeking their 2021 tax refund may not get it \u003ca href=\"https://www.irs.gov/newsroom/taxpayers-should-act-now-to-claim-more-than-1-billion-in-refunds-for-tax-year-2021-with-the-april-15-deadline-fast-approaching\">if they still haven’t filed their 2022 and 2023 tax returns\u003c/a>. But if dealing with the IRS seems challenging or intimidating, Spivey reminds folks that they aren’t alone in this process — and that if you’re finding the paperwork challenging or have been denied the Recovery Rebate Credit even after filing your 2021 taxes, you can contact \u003ca href=\"https://www.kqed.org/news/11909786/how-to-find-free-tax-help-near-you-and-prepare-everything-you-need-for-your-appointment\">a free or low-cost tax clinic like UC’s Law’s\u003c/a>.”\u003c/p>\n\u003cp>“If there are any problems,” she said, “a low-income taxpayer clinic might be able to help [you] obtain those funds.”\u003c/p>\n\u003cp>[ad floatright]\u003c/p>\n",
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"content": "\u003cdiv class=\"post-body\">\u003cp>\u003cp>\u003ca href=\"https://www.kqed.org/news/12033934/como-recibir-tercer-cheque-de-estimulo\">\u003cem>Leer en español\u003c/em>\u003c/a>\u003c/p>\n\u003cp>For many of us, 2021 feels like yesterday — instead of a whole four years ago. Year two of the COVID-19 pandemic \u003ca href=\"https://www.kqed.org/news/11855623/where-can-i-get-a-covid-19-vaccine-in-the-bay-area-your-questions-answered\">saw the vaccine rollout\u003c/a>, but it also brought the federal government’s \u003ca href=\"https://bidenwhitehouse.archives.gov/briefing-room/blog/2021/03/10/the-american-rescue-plan-passed-now-what/\">American Rescue Plan\u003c/a>, which included \u003ca href=\"https://www.pandemicoversight.gov/data-interactive-tools/data-stories/update-three-rounds-stimulus-checks-see-how-many-went-out-and\">a third round of stimulus checks\u003c/a>: $1,400 for most taxpayers in the U.S., along with an additional $1,400 for each of their dependents.\u003c/p>\n\u003cp>In order to receive this stimulus check back in March 2021, a household would need to have filed their taxes in 2020 or 2019. That’s because the federal government looked at tax returns in order to determine how many people lived in that household and, therefore, how big their payment should be. For example, if you and your spouse filed jointly and listed two children as dependents, your home would have received a stimulus check for $5,600 — $1,400 times four — in 2021.\u003c/p>\u003c/div>",
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"content": "\u003cdiv class=\"post-body\">\u003cp>If a household hadn’t filed their taxes for 2019 or 2020 at the time the Internal Revenue Service (IRS) was cutting the stimulus checks, they missed out on getting that money. But since then, the IRS introduced the \u003ca href=\"https://www.irs.gov/coronavirus/economic-impact-payments\">Recovery Rebate Credit that those exact people\u003c/a> could claim — by filing their \u003cem>2021 \u003c/em>taxes if they hadn’t done so already.\u003c/p>\n\u003cp>However, the deadline to claim this money from the Recovery Rebate Credit is just a week away: April 15, a.k.a. Tax Day 2025, is the last day to file your 2021 tax return. The IRS estimated in March that \u003ca href=\"https://www.irs.gov/newsroom/taxpayers-should-act-now-to-claim-more-than-1-billion-in-refunds-for-tax-year-2021-with-the-april-15-deadline-fast-approaching\">more than 116,000 Californians have unclaimed refunds for tax year 2021\u003c/a> — which represents millions of dollars in unclaimed cash.\u003c/p>\n\u003cp>“There are many people that we’ve been speaking to that haven’t filed and didn’t know that this was still an option,” said Amy Spivey, professor and director of the Low-Income Taxpayer Clinic at UC College of the Law in San Francisco. “So if you have not filed for 2021 and you’ve not yet received the $1,400, definitely file by April 15 to preserve your right to receive that refund.”\u003c/p>\n\u003cp>Keep reading for what to know about filing your 2021 taxes if you haven’t already and how doing so could help you secure the Recovery Rebate Credit. Bear in mind that everyone’s tax situation is different, and it’s always a good idea to seek professional advice if you’re in doubt. See \u003ca href=\"https://www.kqed.org/news/11909786/how-to-find-free-tax-help-near-you-and-prepare-everything-you-need-for-your-appointment\">where to find free or low-cost tax preparation services near you.\u003c/a>\u003c/p>\n\u003cp>\u003c/p>\u003c/div>",
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"content": "\u003cdiv class=\"post-body\">\u003cp>\u003c/p>\n\u003ch2>\u003cstrong>How is a 2021 tax credit still available in 2025?\u003c/strong>\u003c/h2>\n\u003cp>If you’re wondering why Tax Day 2025 is the deadline to claim the Recovery Rebate Credit, years after the third round of stimulus checks were sent out, it’s because IRS rules \u003ca href=\"https://www.irs.gov/businesses/small-businesses-self-employed/filing-past-due-tax-returns\">give taxpayers three years to file their taxes from the original due date\u003c/a> in order to claim any refunds or credits from that year. And since the original deadline to file your 2021 tax returns was April 18, 2022, that means this year’s Tax Day is the \u003cem>final\u003c/em> deadline to file for that year.\u003c/p>\n\u003cp>That three-year grace period to file is “expiring on April 15, 2025,” Spivey said. “So as long as it was mailed by April 15, 2025, and you have proof of the mailing … then you’ve preserved your right to claim that credit.”\u003c/p>\n\u003ch2>\u003cstrong>Who qualifies for the Recovery Rebate Credit in 2025?\u003c/strong>\u003c/h2>\n\u003cp>According to the IRS, \u003ca href=\"https://www.irs.gov/newsroom/2021-recovery-rebate-credit-topic-c-eligibility-for-claiming-a-recovery-rebate-credit-on-a-2021-tax-return\">you are eligible for the Recovery Rebate Credit if\u003c/a>:\u003c/p>\n\u003cul>\n\u003cli>You were a U.S. citizen or U.S. resident alien during the 2021 calendar year, and;\u003c/li>\n\u003cli>You were not claimed as a dependent of another taxpayer in 2021, and;\u003c/li>\n\u003cli>You either have a valid Social Security number (SSN) or are filing jointly with a spouse who does, or you’re claiming a dependent who has a valid SSN or Adoption Taxpayer Identification Number.\u003c/li>\n\u003c/ul>\n\u003cp>Even if you did not have income in 2021 or received unemployment benefits for most of that year, you may still be eligible for this credit — but you’ll still have to file your 2021 taxes.\u003c/p>\n\u003cp>There are some things, however, \u003ca href=\"https://www.irs.gov/newsroom/2021-recovery-rebate-credit-topic-c-eligibility-for-claiming-a-recovery-rebate-credit-on-a-2021-tax-return\">that would disqualify you from receiving the credit\u003c/a>, including:\u003c/p>\n\u003cul>\n\u003cli>\u003cstrong>Residency:\u003c/strong> You are currently a nonresident alien without an SSN (and file your taxes using an Individual Taxpayer Identification Number, or ITIN)\u003c/li>\n\u003cli>\u003cstrong>Income limits:\u003c/strong> If you are a single filer and your adjusted gross income (AGI) in 2021 was more than $80,000, you will not receive the credit. The AGI limit for married couples filing jointly is $160,000 and $112,500 for those filing as head of household.\u003c/li>\n\u003c/ul>\n\u003cfigure id=\"attachment_12031207\" class=\"wp-caption aligncenter\" style=\"max-width: 2119px\">\u003cimg loading=\"lazy\" decoding=\"async\" class=\"size-full wp-image-12031207\" src=\"https://cdn.kqed.org/wp-content/uploads/sites/10/2025/03/GettyImages-1379321917.jpg\" alt=\"\" width=\"2119\" height=\"1415\" srcset=\"https://cdn.kqed.org/wp-content/uploads/sites/10/2025/03/GettyImages-1379321917.jpg 2119w, https://cdn.kqed.org/wp-content/uploads/sites/10/2025/03/GettyImages-1379321917-800x534.jpg 800w, https://cdn.kqed.org/wp-content/uploads/sites/10/2025/03/GettyImages-1379321917-1020x681.jpg 1020w, https://cdn.kqed.org/wp-content/uploads/sites/10/2025/03/GettyImages-1379321917-160x107.jpg 160w, https://cdn.kqed.org/wp-content/uploads/sites/10/2025/03/GettyImages-1379321917-1536x1026.jpg 1536w, https://cdn.kqed.org/wp-content/uploads/sites/10/2025/03/GettyImages-1379321917-2048x1368.jpg 2048w, https://cdn.kqed.org/wp-content/uploads/sites/10/2025/03/GettyImages-1379321917-1920x1282.jpg 1920w\" sizes=\"auto, (max-width: 2119px) 100vw, 2119px\">\u003cfigcaption class=\"wp-caption-text\">That 3-year grace period to file expires on April 15, 2025. \u003ccite>(Nora Carol Photography/Getty Images)\u003c/cite>\u003c/figcaption>\u003c/figure>\n\u003ch2>\u003cstrong>Will I have to pay a late penalty if I file my 2021 taxes in 2025?\u003c/strong>\u003c/h2>\n\u003cp>That depends. The IRS will only charge you a late filing penalty if your 2021 filings show that you owe them money.\u003c/p>\n\u003cp>But if they owe \u003cem>you \u003c/em>a refund, said Spivey from UC Law, “you do not get charged a penalty for the late filing of the tax returns.”\u003c/p>\n\u003cp>“For example, you didn’t owe any taxes, you just are claiming your stimulus check, and you’re going to get a $1,400 refund, then there wouldn’t be any penalties associated with that,” she added.\u003c/p>\n\u003cp>However, let’s say you \u003cem>do\u003c/em> owe the IRS money on your taxes. For example, say that you were working back in 2021 and asked your employer not to deduct federal taxes from your monthly paycheck. Because of this decision, you are expected to pay a percentage of that 2021 income when filing your taxes for that year — and if you are filing those taxes now, you still owe the IRS that percentage in 2025.\u003c/p>\n\u003cp>“[A late filing penalty] would be a percentage of how much was due on the bottom of your refund,” Spivey said. But she said it “still might be worth” filing your 2021 tax return by April 15 even if you owe money “because you’ll still get credit for that $1,400 … to reduce how much that you owe on that tax return.”\u003c/p>\n\u003cp>Another caveat: The IRS notes that taxpayers seeking their 2021 tax refund may not get it \u003ca href=\"https://www.irs.gov/newsroom/taxpayers-should-act-now-to-claim-more-than-1-billion-in-refunds-for-tax-year-2021-with-the-april-15-deadline-fast-approaching\">if they still haven’t filed their 2022 and 2023 tax returns\u003c/a>. But if dealing with the IRS seems challenging or intimidating, Spivey reminds folks that they aren’t alone in this process — and that if you’re finding the paperwork challenging or have been denied the Recovery Rebate Credit even after filing your 2021 taxes, you can contact \u003ca href=\"https://www.kqed.org/news/11909786/how-to-find-free-tax-help-near-you-and-prepare-everything-you-need-for-your-appointment\">a free or low-cost tax clinic like UC’s Law’s\u003c/a>.”\u003c/p>\n\u003cp>“If there are any problems,” she said, “a low-income taxpayer clinic might be able to help [you] obtain those funds.”\u003c/p>\n\u003cp>\u003c/p>\u003c/div>",
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"content": "\u003cp>When \u003ca href=\"https://www.npr.org/2025/04/02/nx-s1-5345802/trump-tariffs-liberation-day\">President Trump announced his latest tariffs\u003c/a> on Wednesday, he also ignited an economic mystery. Just where in the world did those numbers come from?\u003c/p>\n\u003cp>Holding up a sign on the White House lawn, Trump pointed to a new, 34% tax on imports from China; for the EU, a tax of 20%. Vietnam got 46%; India, 26%. Nigeria? Just 15 percent. Trump claimed that these “reciprocal” tariffs reflect how other countries already tax American products. “That means they do it to us and we do it to them,” he said. “Very simple.”\u003c/p>\n\u003cp>That is not true. These are not reciprocal tariffs. They do not correspond to the tariff rates in other countries. The truth behind where these tariffs came from is far more interesting.\u003c/p>\n\u003cp>[ad fullwidth]\u003c/p>\n\u003cp>On Wednesday night, the administration revealed how they calculated the new tariffs, which are the highest taxes on foreign products that America has seen in generations. (For a sense of that era, listen to the \u003ca href=\"https://open.spotify.com/episode/1Xu7WphFFwtQpWmnZ5dn4f?si=bftF4o2PQoaysSOZ21jFJw\">Planet Money episode on the Smoot-Hawley tariffs\u003c/a>.)\u003c/p>\n\u003cp>Buried in that math, finally, is a straightforward answer to a question that Trump has long refused to straightforwardly answer: How much will his tariffs raise prices?\u003c/p>\n\u003ch2>Diving deep into Trump’s tariff math\u003c/h2>\n\u003cp>This is \u003ca href=\"https://ustr.gov/issue-areas/reciprocal-tariff-calculations\">the Trump administration’s tariff formula\u003c/a>, as revealed on Wednesday night by the Office of the U.S. Trade Representative:\u003c/p>\n\u003cfigure id=\"attachment_12034435\" class=\"wp-caption aligncenter\" style=\"max-width: 1024px\">\u003cimg loading=\"lazy\" decoding=\"async\" class=\"size-full wp-image-12034435\" src=\"https://cdn.kqed.org/wp-content/uploads/sites/10/2025/04/npr.brightspotcdn-1-copy-2.jpg\" alt=\"\" width=\"1024\" height=\"433\" srcset=\"https://cdn.kqed.org/wp-content/uploads/sites/10/2025/04/npr.brightspotcdn-1-copy-2.jpg 1024w, https://cdn.kqed.org/wp-content/uploads/sites/10/2025/04/npr.brightspotcdn-1-copy-2-800x338.jpg 800w, https://cdn.kqed.org/wp-content/uploads/sites/10/2025/04/npr.brightspotcdn-1-copy-2-1020x431.jpg 1020w, https://cdn.kqed.org/wp-content/uploads/sites/10/2025/04/npr.brightspotcdn-1-copy-2-160x68.jpg 160w\" sizes=\"auto, (max-width: 1024px) 100vw, 1024px\">\u003cfigcaption class=\"wp-caption-text\">The Trump administration’s tariff formula. \u003ccite>(Screenshot from ustr.gov)\u003c/cite>\u003c/figcaption>\u003c/figure>\n\u003cp>Behind these Greek letters there’s a blunt but understandable approach. Essentially, the equation is trying to answer the question: How high should we set tariffs in order to get Americans to buy fewer foreign products, and close the trade deficit? This math says, the more of a trade deficit the U.S. has with another country, the higher that tariffs should be on that country’s products.\u003c/p>\n\u003cp>Take China for instance. Last year, Americans imported about $439 billion of products from China — chiefly electronics, clothing, and machinery — while exporting only $144 billion. According to this formula, a 67% tax on those Chinese products should correct this trade imbalance. (On Wednesday Trump announced that the actual tariff would only be half of that, or 34%.)\u003c/p>\n\u003cp>Here’s how Trump’s math says it would work: The 67% tax should raise the prices of Chinese products in the United States. And those higher prices should discourage Americans from buying Chinese products or products that contain Chinese components.\u003c/p>\n\u003cp>This is contrary to Trump’s previous public statements, where he has variously denied that tariffs would raise prices or has said that he “couldn’t care less.”\u003c/p>\n\u003cp>But according to Trump’s math, the tariffs are \u003cem>supposed\u003c/em> to raise prices. Because those higher prices are the driving force that will close the trade deficit.[aside postID=forum_2010101909269 hero='https://cdn.kqed.org/wp-content/uploads/sites/43/2025/03/Edward-Fishman-1020x638.png']There are a couple of major assumptions in Trump’s math. The biggest assumption involves how much the tariffs would cause prices to go up. Here, the administration makes an eyebrow-raising admission: It guesses that for every 10% hike in tariffs, there will be a 2.5% increase in prices.\u003c/p>\n\u003cp>Translation: Trump’s economists think that about a quarter of his tariffs will be passed onto American consumers in the form of higher prices.\u003c/p>\n\u003cp>Going back to the China example, here’s how it would all play out. According to Trump’s math, the 67% tariff on Chinese products would cause prices of those products to go up by 16.75%.\u003c/p>\n\u003cp>By coincidence, the administration also assumes that for every 10% increase in the price of foreign products, there will be a 40% decrease in how much Americans buy. (This is on the higher but still reasonable end of what mainstream economists believe.) So, faced with 16.75% higher prices, Trump expects Americans to decrease their purchases by four times that amount. Which brings us back to 67%.\u003c/p>\n\u003cp>In other words, a 67% tariff on Chinese products would reduce demand for Chinese products by … also 67%. So if Americans are currently buying $439 billion worth of Chinese products each year, Trump’s economists expect that the new tariffs will reduce that spending by $294 billion — which would close the trade deficit. At least in theory.\u003c/p>\n\u003ch2>What’s wrong with Trump’s tariff math?\u003c/h2>\n\u003cp>Certainly these new tariffs are not “reciprocal” tariffs. But the math behind them is not wholly invented or nonsensical, despite what some \u003ca href=\"https://x.com/NateSilver538/status/1907660479800991802\">online\u003c/a> have claimed.\u003c/p>\n\u003cp>In fact, for possibly the first time ever, the administration is explicitly acknowledging some of the basic economic logic of tariffs. Tariffs do raise prices. And higher prices do cause people to buy less stuff. And if Americans buy less foreign stuff, then America’s trade deficit with other countries will narrow.\u003c/p>\n\u003cp>But that’s not to say that any of Trump’s tariff calculations arrive at the right answer. For one, these are very rough, back-of-the-envelope calculations. As laid out, this formula treats every trading partner, every good and every industry the same. Bananas, oil, clothing, computers or cars — it doesn’t matter what a country sends to the U.S.\u003c/p>\n\u003cp>More importantly, the formula hinges on a big assumption about how much tariffs will raise prices. Trump’s math assumes that only a quarter of the tariffs would be passed onto American consumers in the form of higher prices. But economists who have studied Trump’s tariffs in 2018 — on steel and aluminum and various products from China — calculate that \u003ca href=\"https://www.princeton.edu/~reddings/pubpapers/JEP-tariffs-2019.pdf\">almost all of those tariffs (PDF)\u003c/a> ended up being passed onto Americans.\u003c/p>\n\u003cp>Aside from that, Trump’s tariff math also ignores the broader economic consequences of these sweeping new tariffs. They will have an effect on the overall American economy. They will influence exchange rates. And they will likely provoke retaliatory tariffs from other countries.\u003c/p>\n\u003cp>So, will Trump’s new tariffs actually close the trade deficit? Maybe, maybe not. But finally, at least, the administration has shown its work. And according to their calculations, raising prices and closing the trade deficit is what these tariffs are designed to do.\u003c/p>\n\u003cp>\u003c/p>\n",
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"excerpt": "Here's how the Trump administration calculated the 'Liberation Day' tariffs that were announced on Wednesday, and how much we could expect these tariffs to raise prices.",
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"content": "\u003cdiv class=\"post-body\">\u003cp>\u003cp>When \u003ca href=\"https://www.npr.org/2025/04/02/nx-s1-5345802/trump-tariffs-liberation-day\">President Trump announced his latest tariffs\u003c/a> on Wednesday, he also ignited an economic mystery. Just where in the world did those numbers come from?\u003c/p>\n\u003cp>Holding up a sign on the White House lawn, Trump pointed to a new, 34% tax on imports from China; for the EU, a tax of 20%. Vietnam got 46%; India, 26%. Nigeria? Just 15 percent. Trump claimed that these “reciprocal” tariffs reflect how other countries already tax American products. “That means they do it to us and we do it to them,” he said. “Very simple.”\u003c/p>\n\u003cp>That is not true. These are not reciprocal tariffs. They do not correspond to the tariff rates in other countries. The truth behind where these tariffs came from is far more interesting.\u003c/p>\n\u003cp>\u003c/p>\u003c/div>",
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"content": "\u003cdiv class=\"post-body\">\u003cp>\u003c/p>\n\u003cp>On Wednesday night, the administration revealed how they calculated the new tariffs, which are the highest taxes on foreign products that America has seen in generations. (For a sense of that era, listen to the \u003ca href=\"https://open.spotify.com/episode/1Xu7WphFFwtQpWmnZ5dn4f?si=bftF4o2PQoaysSOZ21jFJw\">Planet Money episode on the Smoot-Hawley tariffs\u003c/a>.)\u003c/p>\n\u003cp>Buried in that math, finally, is a straightforward answer to a question that Trump has long refused to straightforwardly answer: How much will his tariffs raise prices?\u003c/p>\n\u003ch2>Diving deep into Trump’s tariff math\u003c/h2>\n\u003cp>This is \u003ca href=\"https://ustr.gov/issue-areas/reciprocal-tariff-calculations\">the Trump administration’s tariff formula\u003c/a>, as revealed on Wednesday night by the Office of the U.S. Trade Representative:\u003c/p>\n\u003cfigure id=\"attachment_12034435\" class=\"wp-caption aligncenter\" style=\"max-width: 1024px\">\u003cimg loading=\"lazy\" decoding=\"async\" class=\"size-full wp-image-12034435\" src=\"https://cdn.kqed.org/wp-content/uploads/sites/10/2025/04/npr.brightspotcdn-1-copy-2.jpg\" alt=\"\" width=\"1024\" height=\"433\" srcset=\"https://cdn.kqed.org/wp-content/uploads/sites/10/2025/04/npr.brightspotcdn-1-copy-2.jpg 1024w, https://cdn.kqed.org/wp-content/uploads/sites/10/2025/04/npr.brightspotcdn-1-copy-2-800x338.jpg 800w, https://cdn.kqed.org/wp-content/uploads/sites/10/2025/04/npr.brightspotcdn-1-copy-2-1020x431.jpg 1020w, https://cdn.kqed.org/wp-content/uploads/sites/10/2025/04/npr.brightspotcdn-1-copy-2-160x68.jpg 160w\" sizes=\"auto, (max-width: 1024px) 100vw, 1024px\">\u003cfigcaption class=\"wp-caption-text\">The Trump administration’s tariff formula. \u003ccite>(Screenshot from ustr.gov)\u003c/cite>\u003c/figcaption>\u003c/figure>\n\u003cp>Behind these Greek letters there’s a blunt but understandable approach. Essentially, the equation is trying to answer the question: How high should we set tariffs in order to get Americans to buy fewer foreign products, and close the trade deficit? This math says, the more of a trade deficit the U.S. has with another country, the higher that tariffs should be on that country’s products.\u003c/p>\n\u003cp>Take China for instance. Last year, Americans imported about $439 billion of products from China — chiefly electronics, clothing, and machinery — while exporting only $144 billion. According to this formula, a 67% tax on those Chinese products should correct this trade imbalance. (On Wednesday Trump announced that the actual tariff would only be half of that, or 34%.)\u003c/p>\n\u003cp>Here’s how Trump’s math says it would work: The 67% tax should raise the prices of Chinese products in the United States. And those higher prices should discourage Americans from buying Chinese products or products that contain Chinese components.\u003c/p>\n\u003cp>This is contrary to Trump’s previous public statements, where he has variously denied that tariffs would raise prices or has said that he “couldn’t care less.”\u003c/p>\n\u003cp>But according to Trump’s math, the tariffs are \u003cem>supposed\u003c/em> to raise prices. Because those higher prices are the driving force that will close the trade deficit.\u003c/p>\u003c/div>",
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"content": "\u003cdiv class=\"post-body\">\u003cp>There are a couple of major assumptions in Trump’s math. The biggest assumption involves how much the tariffs would cause prices to go up. Here, the administration makes an eyebrow-raising admission: It guesses that for every 10% hike in tariffs, there will be a 2.5% increase in prices.\u003c/p>\n\u003cp>Translation: Trump’s economists think that about a quarter of his tariffs will be passed onto American consumers in the form of higher prices.\u003c/p>\n\u003cp>Going back to the China example, here’s how it would all play out. According to Trump’s math, the 67% tariff on Chinese products would cause prices of those products to go up by 16.75%.\u003c/p>\n\u003cp>By coincidence, the administration also assumes that for every 10% increase in the price of foreign products, there will be a 40% decrease in how much Americans buy. (This is on the higher but still reasonable end of what mainstream economists believe.) So, faced with 16.75% higher prices, Trump expects Americans to decrease their purchases by four times that amount. Which brings us back to 67%.\u003c/p>\n\u003cp>In other words, a 67% tariff on Chinese products would reduce demand for Chinese products by … also 67%. So if Americans are currently buying $439 billion worth of Chinese products each year, Trump’s economists expect that the new tariffs will reduce that spending by $294 billion — which would close the trade deficit. At least in theory.\u003c/p>\n\u003ch2>What’s wrong with Trump’s tariff math?\u003c/h2>\n\u003cp>Certainly these new tariffs are not “reciprocal” tariffs. But the math behind them is not wholly invented or nonsensical, despite what some \u003ca href=\"https://x.com/NateSilver538/status/1907660479800991802\">online\u003c/a> have claimed.\u003c/p>\n\u003cp>In fact, for possibly the first time ever, the administration is explicitly acknowledging some of the basic economic logic of tariffs. Tariffs do raise prices. And higher prices do cause people to buy less stuff. And if Americans buy less foreign stuff, then America’s trade deficit with other countries will narrow.\u003c/p>\n\u003cp>But that’s not to say that any of Trump’s tariff calculations arrive at the right answer. For one, these are very rough, back-of-the-envelope calculations. As laid out, this formula treats every trading partner, every good and every industry the same. Bananas, oil, clothing, computers or cars — it doesn’t matter what a country sends to the U.S.\u003c/p>\n\u003cp>More importantly, the formula hinges on a big assumption about how much tariffs will raise prices. Trump’s math assumes that only a quarter of the tariffs would be passed onto American consumers in the form of higher prices. But economists who have studied Trump’s tariffs in 2018 — on steel and aluminum and various products from China — calculate that \u003ca href=\"https://www.princeton.edu/~reddings/pubpapers/JEP-tariffs-2019.pdf\">almost all of those tariffs (PDF)\u003c/a> ended up being passed onto Americans.\u003c/p>\n\u003cp>Aside from that, Trump’s tariff math also ignores the broader economic consequences of these sweeping new tariffs. They will have an effect on the overall American economy. They will influence exchange rates. And they will likely provoke retaliatory tariffs from other countries.\u003c/p>\n\u003cp>So, will Trump’s new tariffs actually close the trade deficit? Maybe, maybe not. But finally, at least, the administration has shown its work. And according to their calculations, raising prices and closing the trade deficit is what these tariffs are designed to do.\u003c/p>\n\u003cp>\u003c/p>\n\u003c/div>\u003c/p>",
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"title": "Tercer cheque de estímulo: Cómo reclamar este dinero si nunca lo recibió en 2021",
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"content": "\u003cp>\u003cem>\u003ca href=\"https://www.kqed.org/news/12030754/tax-day-2025-is-your-last-chance-to-claim-a-3rd-stimulus-check\">Read in English\u003c/a>\u003c/em>\u003c/p>\n\u003cp>Para algunos de nosotros, el 2021 se siente como si fuera ayer, en lugar de hace cuatro años. En el segundo año de la pandemia, \u003ca href=\"https://www.kqed.org/news/11856006/cuando-y-donde-puede-vacunarse-contra-covid-19-en-el-area-de-la-bahia-aqui-tiene-las-respuestas\">millones de personas recibieron su vacuna contra el COVID-19\u003c/a> y el gobierno federal aprobó el \u003ca href=\"https://bidenwhitehouse.archives.gov/briefing-room/blog/2021/03/10/the-american-rescue-plan-passed-now-what/\">Plan de Rescate Estadounidense\u003c/a>, que incluía una \u003ca href=\"https://www.pandemicoversight.gov/data-interactive-tools/data-stories/update-three-rounds-stimulus-checks-see-how-many-went-out-and\">tercera ronda de cheques de estímulo\u003c/a>: mil 400 dólares para la mayoría de los contribuyentes en EE. UU., junto con mil 400 dólares adicionales para cada uno de sus dependientes.\u003c/p>\n\u003cp>El gobierno federal comenzó a distribuir estos cheques de estímulo en marzo de 2021, y para recibir estos fondos, un hogar tendría que haber presentado su declaración de impuestos en 2020 o 2019. Esto se debe a que el gobierno federal analizó las declaraciones de impuestos para determinar cuántas personas vivían en ese hogar y, por lo tanto, cuál debería ser el monto de su pago. Por ejemplo, si usted y su cónyuge presentaron una declaración conjunta e incluyeron a dos hijos como dependientes, su hogar habría recibido un cheque de estímulo de 5 mil 600 dólares (lo que equivale a mil 400 dólares multiplicado por cuatro) en 2021.\u003cbr>\n[ad fullwidth]\u003cbr>\nSi un hogar no presentó su declaración de impuestos de 2019 o 2020 en el momento en que el Servicio de Rentas Internas (o IRS por sus siglas en inglés) estaba emitiendo los cheques de estímulo, no recibió ese dinero. Sin embargo, el IRS creó el \u003ca href=\"https://www.irs.gov/es/coronavirus/economic-impact-payments\">Crédito de recuperación de reembolso\u003c/a> para que esas mismas personas puedan reclamar estos fondos, con el requisito siendo que presenten sus impuestos de 2021 si aún no lo habían hecho.\u003c/p>\n\u003cp>Sin embargo, la fecha límite para presentar los impuestos de 2021 y reclamar este dinero del Crédito de Recuperación de Descuento se acerca rápidamente: el 15 de abril. El IRS estima que, a partir del 11 de marzo, \u003ca href=\"https://www.irs.gov/es/newsroom/taxpayers-should-act-now-to-claim-more-than-1-billion-in-refunds-for-tax-year-2021-with-the-april-15-deadline-fast-approaching\">más de 116 mil californianos tienen reembolsos no reclamados correspondientes al año tributario 2021\u003c/a>, lo que representa millones de dólares en fondos no reclamados.[aside label='Más en español' tag='kqed-en-espanol']“Hemos hablado con muchas personas que no han presentado la declaración y no sabían que esto seguía siendo una opción”, dijo Amy Spivey, profesora de la Facultad de Derecho en la Universidad de California en San Francisco. “Así que si no ha presentado la declaración de 2021 y aún no ha recibido los mil 400 dólares, presente la declaración antes del 15 de abril para conservar su derecho a recibir ese reembolso”.\u003c/p>\n\u003cp>Siga leyendo para saber qué debe hacer para presentar su declaración de impuestos de 2021 si aún no lo ha hecho y cómo podría ayudarle a obtener el Crédito de Recuperación de Reembolso. Tenga en cuenta que la situación fiscal de cada persona es diferente y que siempre es una buena idea buscar asesoramiento profesional si tiene dudas. \u003ca href=\"https://uwba.org/what-we-do/free-tax-help/es/\">Vea dónde encontrar servicios de preparación de impuestos gratuitos o de bajo costo cerca de usted\u003c/a> (enlace sólo en inglés).\u003c/p>\n\u003ch2>¿Cómo es posible que un crédito tributario de 2021 siga disponible en 2025?\u003c/h2>\n\u003cp>La fecha límite original para presentar la declaración de impuestos de 2021 fue el 18 de abril de 2022. Sin embargo, todavía existe una prórroga para quienes aún no han cumplido con esta responsabilidad de cada contribuyente.\u003c/p>\n\u003cp>Esta última prórroga es el 15 de abril, 2025. Esto es posible porque las normas del IRS dan a los contribuyentes tres años para presentar sus impuestos a partir de la fecha de vencimiento original para reclamar cualquier reembolso o crédito de ese año.\u003c/p>\n\u003cp>Ese período de prórroga de tres años para presentar la declaración “expira el 15 de abril de 2025”, dijo Spivey. “Así que, siempre que se haya enviado por correo antes del 15 de abril de 2025 … habrá conservado su derecho a reclamar ese crédito”.\u003c/p>\n\u003ch2>¿Quién califica para el Crédito de recuperación de reembolso en 2025?\u003c/h2>\n\u003cp>Según el IRS, \u003ca href=\"https://www.irs.gov/es/newsroom/2021-recovery-rebate-credit-topic-c-eligibility-for-claiming-a-recovery-rebate-credit-on-a-2021-tax-return\">usted es elegible para el Crédito de recuperación de reembolso si\u003c/a>:\u003c/p>\n\u003cul>\n\u003cli>Usted era ciudadano estadounidense o extranjero residente en EE. UU. durante el año fiscal 2021\u003c/li>\n\u003cli>Usted no fue reclamado como dependiente de otro contribuyente en 2021\u003c/li>\n\u003cli>Tiene un número de Seguro Social (o SSN por sus siglas en inglés) válido o presenta la declaración de forma conjunta con un cónyuge que lo tiene, o declara a un dependiente que tiene un SSN válido o un número de identificación fiscal de adopción.\u003c/li>\n\u003c/ul>\n\u003cp>Incluso si no tuvo ingresos en 2021 o recibió prestaciones por desempleo durante la mayor parte de ese año, puede seguir teniendo derecho a este crédito, pero tendrá que presentar la declaración de impuestos de 2021.\u003c/p>\n\u003cp>Sin embargo, \u003ca href=\"https://www.irs.gov/es/newsroom/2021-recovery-rebate-credit-topic-c-eligibility-for-claiming-a-recovery-rebate-credit-on-a-2021-tax-return\">hay algunas cosas que le descalificarían para recibir el crédito\u003c/a>, entre ellas:\u003c/p>\n\u003cul>\n\u003cli>\u003cstrong>Residencia\u003c/strong>: Actualmente es un extranjero no residente sin un SSN (y presenta sus impuestos utilizando un Número de Identificación Personal del Contribuyente, o ITIN)\u003c/li>\n\u003cli>\u003cstrong>Límites de ingresos\u003c/strong>: si es soltero y su ingreso bruto ajustado (o AGI por sus siglas en inglés) en 2021 fue superior a 80 mil dólares, no recibirá el crédito. El límite de AGI para las parejas casadas que presentan una declaración conjunta es de 160 mil dólares, y para aquellos que presentan una declaración como cabeza de familia, el limite es de 112 quinientos dólares.\u003c/li>\n\u003c/ul>\n\u003cfigure id=\"attachment_12033936\" class=\"wp-caption aligncenter\" style=\"max-width: 1020px\">\u003cimg loading=\"lazy\" decoding=\"async\" class=\"size-full wp-image-12033936\" src=\"https://cdn.kqed.org/wp-content/uploads/sites/10/2025/03/1040-TAX-FORM.jpg\" alt=\"Un formulario para presentar impuestos 1040 sobre una mesa, y a lado un bolígrafo.\" width=\"1020\" height=\"681\" srcset=\"https://cdn.kqed.org/wp-content/uploads/sites/10/2025/03/1040-TAX-FORM.jpg 1020w, https://cdn.kqed.org/wp-content/uploads/sites/10/2025/03/1040-TAX-FORM-800x534.jpg 800w, https://cdn.kqed.org/wp-content/uploads/sites/10/2025/03/1040-TAX-FORM-160x107.jpg 160w\" sizes=\"auto, (max-width: 1020px) 100vw, 1020px\">\u003cfigcaption class=\"wp-caption-text\">Ese período de prórroga de tres años para presentar la declaración vence el 15 de abril de 2025. \u003ccite>(Nora Carol Photography/Getty Images)\u003c/cite>\u003c/figcaption>\u003c/figure>\n\u003ch2>¿Tendré que pagar una multa si presento mis impuestos de 2021 en 2025?\u003c/h2>\n\u003cp>Eso depende. El IRS solo le cobrará una multa por presentar tarde si sus declaraciones de 2021 muestran que les debe dinero.\u003c/p>\n\u003cp>Pero si le deben un reembolso, dijo Spivey de UC Law, “no se le cobra una multa por la presentación tardía de las declaraciones de impuestos”.\u003c/p>\n\u003cp>“Por ejemplo, si no debe ningún impuesto, simplemente está reclamando su cheque de estímulo y va a recibir un reembolso de mil 400 dólares, entonces no habría ninguna multa asociada a eso”, añadió.[aside label='Guías en inglés' tag='audience-news']Sin embargo, supongamos que sí debe dinero al IRS en sus impuestos. Por ejemplo, supongamos que usted trabajó en 2021 y pidió a su empleador que no dedujera los impuestos federales de su nómina mensual. Debido a esta decisión, se espera que usted pague un porcentaje de esos ingresos de 2021 al presentar sus impuestos de ese año, y si usted está presentando esos impuestos ahora, todavía le debe al IRS ese porcentaje en 2025.\u003c/p>\n\u003cp>“[Una multa por presentar tarde] sería un porcentaje de cuánto se debía en la parte inferior de su reembolso”, dijo Spivey. Pero ella dijo que “todavía podría valer la pena” presentar su declaración de impuestos de 2021 antes del 15 de abril, incluso si debe dinero “porque todavía obtendrá crédito por esos mil 400 dólares … para reducir cuánto debe en esa declaración de impuestos.”\u003c/p>\n\u003cp>Otra cosa a tener en cuenta: el IRS advierte que los contribuyentes que soliciten su devolución de impuestos de 2021 podrían no recibirla \u003ca href=\"https://www.irs.gov/es/newsroom/taxpayers-should-act-now-to-claim-more-than-1-billion-in-refunds-for-tax-year-2021-with-the-april-15-deadline-fast-approaching\">si aún no han presentado sus declaraciones de impuestos de 2022 y 2023\u003c/a>. Pero si hacer trámites con el IRS parece difícil o intimidante, Spivey recuerda a la gente que no está sola en este proceso, y que si el papeleo le resulta complicado o le han denegado el Crédito de recuperación de reembolso incluso después de presentar sus impuestos de 2021, \u003ca href=\"https://uwba.org/what-we-do/free-tax-help/es/\">puede ponerse en contacto con un centro de asesoramiento fiscal gratuito\u003c/a>.\u003c/p>\n\u003cp>“Si hay algún problema”, dijo, “una clínica de contribuyentes de bajos ingresos podría ayudarle a obtener esos fondos”.\u003c/p>\n\u003chr>\n\u003cp>\u003cem>Este artículo fue traducido por la periodista \u003ca href=\"https://www.kqed.org/author/mpena/\">María Peña\u003c/a> y esa traducción fue editada por el periodista \u003ca href=\"https://www.kqed.org/author/ccabreralomeli\">Carlos Cabrera-Lomelí\u003c/a>.\u003c/em>\u003c/p>\n\u003cp>[ad fullwidth]\u003c/p>\n\u003cp>[ad floatright]\u003c/p>\n",
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"content": "\u003cdiv class=\"post-body\">\u003cp>\u003cp>\u003cem>\u003ca href=\"https://www.kqed.org/news/12030754/tax-day-2025-is-your-last-chance-to-claim-a-3rd-stimulus-check\">Read in English\u003c/a>\u003c/em>\u003c/p>\n\u003cp>Para algunos de nosotros, el 2021 se siente como si fuera ayer, en lugar de hace cuatro años. En el segundo año de la pandemia, \u003ca href=\"https://www.kqed.org/news/11856006/cuando-y-donde-puede-vacunarse-contra-covid-19-en-el-area-de-la-bahia-aqui-tiene-las-respuestas\">millones de personas recibieron su vacuna contra el COVID-19\u003c/a> y el gobierno federal aprobó el \u003ca href=\"https://bidenwhitehouse.archives.gov/briefing-room/blog/2021/03/10/the-american-rescue-plan-passed-now-what/\">Plan de Rescate Estadounidense\u003c/a>, que incluía una \u003ca href=\"https://www.pandemicoversight.gov/data-interactive-tools/data-stories/update-three-rounds-stimulus-checks-see-how-many-went-out-and\">tercera ronda de cheques de estímulo\u003c/a>: mil 400 dólares para la mayoría de los contribuyentes en EE. UU., junto con mil 400 dólares adicionales para cada uno de sus dependientes.\u003c/p>\n\u003cp>El gobierno federal comenzó a distribuir estos cheques de estímulo en marzo de 2021, y para recibir estos fondos, un hogar tendría que haber presentado su declaración de impuestos en 2020 o 2019. Esto se debe a que el gobierno federal analizó las declaraciones de impuestos para determinar cuántas personas vivían en ese hogar y, por lo tanto, cuál debería ser el monto de su pago. Por ejemplo, si usted y su cónyuge presentaron una declaración conjunta e incluyeron a dos hijos como dependientes, su hogar habría recibido un cheque de estímulo de 5 mil 600 dólares (lo que equivale a mil 400 dólares multiplicado por cuatro) en 2021.\u003cbr>\n\u003c/p>\u003c/div>",
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"content": "\u003cdiv class=\"post-body\">\u003cp>\u003cbr>\nSi un hogar no presentó su declaración de impuestos de 2019 o 2020 en el momento en que el Servicio de Rentas Internas (o IRS por sus siglas en inglés) estaba emitiendo los cheques de estímulo, no recibió ese dinero. Sin embargo, el IRS creó el \u003ca href=\"https://www.irs.gov/es/coronavirus/economic-impact-payments\">Crédito de recuperación de reembolso\u003c/a> para que esas mismas personas puedan reclamar estos fondos, con el requisito siendo que presenten sus impuestos de 2021 si aún no lo habían hecho.\u003c/p>\n\u003cp>Sin embargo, la fecha límite para presentar los impuestos de 2021 y reclamar este dinero del Crédito de Recuperación de Descuento se acerca rápidamente: el 15 de abril. El IRS estima que, a partir del 11 de marzo, \u003ca href=\"https://www.irs.gov/es/newsroom/taxpayers-should-act-now-to-claim-more-than-1-billion-in-refunds-for-tax-year-2021-with-the-april-15-deadline-fast-approaching\">más de 116 mil californianos tienen reembolsos no reclamados correspondientes al año tributario 2021\u003c/a>, lo que representa millones de dólares en fondos no reclamados.\u003c/p>\u003c/div>",
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"content": "\u003cdiv class=\"post-body\">\u003cp>“Hemos hablado con muchas personas que no han presentado la declaración y no sabían que esto seguía siendo una opción”, dijo Amy Spivey, profesora de la Facultad de Derecho en la Universidad de California en San Francisco. “Así que si no ha presentado la declaración de 2021 y aún no ha recibido los mil 400 dólares, presente la declaración antes del 15 de abril para conservar su derecho a recibir ese reembolso”.\u003c/p>\n\u003cp>Siga leyendo para saber qué debe hacer para presentar su declaración de impuestos de 2021 si aún no lo ha hecho y cómo podría ayudarle a obtener el Crédito de Recuperación de Reembolso. Tenga en cuenta que la situación fiscal de cada persona es diferente y que siempre es una buena idea buscar asesoramiento profesional si tiene dudas. \u003ca href=\"https://uwba.org/what-we-do/free-tax-help/es/\">Vea dónde encontrar servicios de preparación de impuestos gratuitos o de bajo costo cerca de usted\u003c/a> (enlace sólo en inglés).\u003c/p>\n\u003ch2>¿Cómo es posible que un crédito tributario de 2021 siga disponible en 2025?\u003c/h2>\n\u003cp>La fecha límite original para presentar la declaración de impuestos de 2021 fue el 18 de abril de 2022. Sin embargo, todavía existe una prórroga para quienes aún no han cumplido con esta responsabilidad de cada contribuyente.\u003c/p>\n\u003cp>Esta última prórroga es el 15 de abril, 2025. Esto es posible porque las normas del IRS dan a los contribuyentes tres años para presentar sus impuestos a partir de la fecha de vencimiento original para reclamar cualquier reembolso o crédito de ese año.\u003c/p>\n\u003cp>Ese período de prórroga de tres años para presentar la declaración “expira el 15 de abril de 2025”, dijo Spivey. “Así que, siempre que se haya enviado por correo antes del 15 de abril de 2025 … habrá conservado su derecho a reclamar ese crédito”.\u003c/p>\n\u003ch2>¿Quién califica para el Crédito de recuperación de reembolso en 2025?\u003c/h2>\n\u003cp>Según el IRS, \u003ca href=\"https://www.irs.gov/es/newsroom/2021-recovery-rebate-credit-topic-c-eligibility-for-claiming-a-recovery-rebate-credit-on-a-2021-tax-return\">usted es elegible para el Crédito de recuperación de reembolso si\u003c/a>:\u003c/p>\n\u003cul>\n\u003cli>Usted era ciudadano estadounidense o extranjero residente en EE. UU. durante el año fiscal 2021\u003c/li>\n\u003cli>Usted no fue reclamado como dependiente de otro contribuyente en 2021\u003c/li>\n\u003cli>Tiene un número de Seguro Social (o SSN por sus siglas en inglés) válido o presenta la declaración de forma conjunta con un cónyuge que lo tiene, o declara a un dependiente que tiene un SSN válido o un número de identificación fiscal de adopción.\u003c/li>\n\u003c/ul>\n\u003cp>Incluso si no tuvo ingresos en 2021 o recibió prestaciones por desempleo durante la mayor parte de ese año, puede seguir teniendo derecho a este crédito, pero tendrá que presentar la declaración de impuestos de 2021.\u003c/p>\n\u003cp>Sin embargo, \u003ca href=\"https://www.irs.gov/es/newsroom/2021-recovery-rebate-credit-topic-c-eligibility-for-claiming-a-recovery-rebate-credit-on-a-2021-tax-return\">hay algunas cosas que le descalificarían para recibir el crédito\u003c/a>, entre ellas:\u003c/p>\n\u003cul>\n\u003cli>\u003cstrong>Residencia\u003c/strong>: Actualmente es un extranjero no residente sin un SSN (y presenta sus impuestos utilizando un Número de Identificación Personal del Contribuyente, o ITIN)\u003c/li>\n\u003cli>\u003cstrong>Límites de ingresos\u003c/strong>: si es soltero y su ingreso bruto ajustado (o AGI por sus siglas en inglés) en 2021 fue superior a 80 mil dólares, no recibirá el crédito. El límite de AGI para las parejas casadas que presentan una declaración conjunta es de 160 mil dólares, y para aquellos que presentan una declaración como cabeza de familia, el limite es de 112 quinientos dólares.\u003c/li>\n\u003c/ul>\n\u003cfigure id=\"attachment_12033936\" class=\"wp-caption aligncenter\" style=\"max-width: 1020px\">\u003cimg loading=\"lazy\" decoding=\"async\" class=\"size-full wp-image-12033936\" src=\"https://cdn.kqed.org/wp-content/uploads/sites/10/2025/03/1040-TAX-FORM.jpg\" alt=\"Un formulario para presentar impuestos 1040 sobre una mesa, y a lado un bolígrafo.\" width=\"1020\" height=\"681\" srcset=\"https://cdn.kqed.org/wp-content/uploads/sites/10/2025/03/1040-TAX-FORM.jpg 1020w, https://cdn.kqed.org/wp-content/uploads/sites/10/2025/03/1040-TAX-FORM-800x534.jpg 800w, https://cdn.kqed.org/wp-content/uploads/sites/10/2025/03/1040-TAX-FORM-160x107.jpg 160w\" sizes=\"auto, (max-width: 1020px) 100vw, 1020px\">\u003cfigcaption class=\"wp-caption-text\">Ese período de prórroga de tres años para presentar la declaración vence el 15 de abril de 2025. \u003ccite>(Nora Carol Photography/Getty Images)\u003c/cite>\u003c/figcaption>\u003c/figure>\n\u003ch2>¿Tendré que pagar una multa si presento mis impuestos de 2021 en 2025?\u003c/h2>\n\u003cp>Eso depende. El IRS solo le cobrará una multa por presentar tarde si sus declaraciones de 2021 muestran que les debe dinero.\u003c/p>\n\u003cp>Pero si le deben un reembolso, dijo Spivey de UC Law, “no se le cobra una multa por la presentación tardía de las declaraciones de impuestos”.\u003c/p>\n\u003cp>“Por ejemplo, si no debe ningún impuesto, simplemente está reclamando su cheque de estímulo y va a recibir un reembolso de mil 400 dólares, entonces no habría ninguna multa asociada a eso”, añadió.\u003c/p>\u003c/div>",
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"content": "\u003cdiv class=\"post-body\">\u003cp>Sin embargo, supongamos que sí debe dinero al IRS en sus impuestos. Por ejemplo, supongamos que usted trabajó en 2021 y pidió a su empleador que no dedujera los impuestos federales de su nómina mensual. Debido a esta decisión, se espera que usted pague un porcentaje de esos ingresos de 2021 al presentar sus impuestos de ese año, y si usted está presentando esos impuestos ahora, todavía le debe al IRS ese porcentaje en 2025.\u003c/p>\n\u003cp>“[Una multa por presentar tarde] sería un porcentaje de cuánto se debía en la parte inferior de su reembolso”, dijo Spivey. Pero ella dijo que “todavía podría valer la pena” presentar su declaración de impuestos de 2021 antes del 15 de abril, incluso si debe dinero “porque todavía obtendrá crédito por esos mil 400 dólares … para reducir cuánto debe en esa declaración de impuestos.”\u003c/p>\n\u003cp>Otra cosa a tener en cuenta: el IRS advierte que los contribuyentes que soliciten su devolución de impuestos de 2021 podrían no recibirla \u003ca href=\"https://www.irs.gov/es/newsroom/taxpayers-should-act-now-to-claim-more-than-1-billion-in-refunds-for-tax-year-2021-with-the-april-15-deadline-fast-approaching\">si aún no han presentado sus declaraciones de impuestos de 2022 y 2023\u003c/a>. Pero si hacer trámites con el IRS parece difícil o intimidante, Spivey recuerda a la gente que no está sola en este proceso, y que si el papeleo le resulta complicado o le han denegado el Crédito de recuperación de reembolso incluso después de presentar sus impuestos de 2021, \u003ca href=\"https://uwba.org/what-we-do/free-tax-help/es/\">puede ponerse en contacto con un centro de asesoramiento fiscal gratuito\u003c/a>.\u003c/p>\n\u003cp>“Si hay algún problema”, dijo, “una clínica de contribuyentes de bajos ingresos podría ayudarle a obtener esos fondos”.\u003c/p>\n\u003chr>\n\u003cp>\u003cem>Este artículo fue traducido por la periodista \u003ca href=\"https://www.kqed.org/author/mpena/\">María Peña\u003c/a> y esa traducción fue editada por el periodista \u003ca href=\"https://www.kqed.org/author/ccabreralomeli\">Carlos Cabrera-Lomelí\u003c/a>.\u003c/em>\u003c/p>\n\u003cp>\u003c/p>\u003c/div>",
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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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"info": "The Political Mind of Jerry Brown brings listeners the wisdom of the former Governor, Mayor, and presidential candidate. Scott Shafer interviewed Brown for more than 40 hours, covering the former governor's life and half-century in the political game – and Brown has some lessons he'd like to share. ",
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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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"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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"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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"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.",
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"possible": {
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"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.",
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"pri-the-world": {
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"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.",
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"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": {
"id": "reveal",
"title": "Reveal",
"info": "Created by The Center for Investigative Reporting and PRX, Reveal is public radios first one-hour weekly radio show and podcast dedicated to investigative reporting. Credible, fact based and without a partisan agenda, Reveal combines the power and artistry of driveway moment storytelling with data-rich reporting on critically important issues. The result is stories that inform and inspire, arming our listeners with information to right injustices, hold the powerful accountable and improve lives.Reveal is hosted by Al Letson and showcases the award-winning work of CIR and newsrooms large and small across the nation. In a radio and podcast market crowded with choices, Reveal focuses on important and often surprising stories that illuminate the world for our listeners.",
"airtime": "SAT 4pm-5pm",
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"officialWebsiteLink": "https://www.revealnews.org/episodes/",
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},
"rightnowish": {
"id": "rightnowish",
"title": "Rightnowish",
"tagline": "Art is where you find it",
"info": "Rightnowish digs into life in the Bay Area right now… ish. Journalist Pendarvis Harshaw takes us to galleries painted on the sides of liquor stores in West Oakland. We'll dance in warehouses in the Bayview, make smoothies with kids in South Berkeley, and listen to classical music in a 1984 Cutlass Supreme in Richmond. Every week, Pen talks to movers and shakers about how the Bay Area shapes what they create, and how they shape the place we call home.",
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"order": 16
},
"link": "/podcasts/rightnowish",
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