Tariffied! We check in on businesses

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  NPR.

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  This is The Indicator from Planet Money.

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  I'm Waylon Wong.

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  And Darian Woods.

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  And I'm Adrian Ma.

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  After last week's tariff announcement, almost anyone involved in business is still processing the news.

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  This is an extraordinarily steep and widespread increase in taxes.

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  And it's not clear if tariff rates are here to stay or are some kind of opening salvo in trade negotiations.

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  And that's before we even start on retaliatory tariffs from other countries.

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  And if you are an American business importing goods from another country, whether it's China,

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  Switzerland, Nicaragua, I mean, really just throw a dart at the map.

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  Chances are you are going to have to pay more tariffs.

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  If you are on an island that is only penguins, you're going to be hit by these tariffs.

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  Even the penguins?

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  That's true.

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  Throw a dart at a penguin and that penguin will be tariffed.

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  Now, we have spoken to a lot of business people on our show ahead of these anticipated tariffs.

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  So how are they reacting now that the big tariffs are here?

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  Today on the show, they tell us how they're feeling about the latest and largest wave of tariffs.

• 01:21

  Oh, hey there.

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