NPR.
President elect Donald Trump wants to have more stuff made in America.
And to do this, I'm sure you've heard, he's promising more tariffs.
I think tariffs are the most beautiful word.
I think they're beautiful.
It's going to make us rich.
Tariffs are a tax on imported cars, barbecues, laptops, fridges.
I mean, really anything.
And the idea is to protect, protect American companies from overseas competition.
Trump has also at times demanded a weaker dollar because a weak dollar is good for American exporters.
It means people overseas can more easily afford stuff from the U.S.
now, on the surface, these make sense, right?
You got two policies that help make things in America.
Well, not really.
There is one problem with this plan.
Tariffs actually strengthen the dollar.
This is the indicator from Planet Money.
I'm Waylon Wong.
And I'm Darian Woods.
Today on the show, we explain tariffs and currencies through the story of one bag manufacturer from New Jersey.