From The Indicator from Planet Money: President-elect Donald Trump made a lot of economic promises on the campaign trail, but none as sweeping as his plan to enact tariffs. Trump believes taxing imports from other countries will help reduce the U.S. trade deficit and raise money for things like tax cuts. Today on the show, how might these tariffs work and will they work? Or is everything about to get more expensive? Learn more about sponsor message choices: podcastchoices.com/adchoices NPR Privacy Policy
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Hey there.
It's the NPR Politics Podcast.
I'm Sarah McCammon.
I cover politics.
And today we want to bring you some reporting from our friends at the Indicator from Planet Money.
As President Elect Trump plans to take office, how will his economic policy take shape?
And is what he campaigned on even possible?
Here's Darian Woods.
Two big campaign promises from President Elect Trump were tax cuts and tariffs, and specifically the idea that the money generated from the tariffs will pay for the tax cuts.
Joining me to discuss all this is Kyla Scanlon, economic commentator and author of in this Economy.
Kyla, welcome to the show.
Thank you, Darian.
So today you're joining us to talk about tariffs and tax cuts and cookies.
That would explain these cookies, which I was told to bring into the studio.
So I thought you were just being really generous.
No, those cookies are meant to explain trade policy because those cookies have ingredients from all over the world.
They might have cocoa beans, spices like cinnamon or vanilla.