Trump's wave of tariffs is here. Just about everyone in the world of business is still processing exactly what this means. It's a massive, widespread increase in taxes. Today on the show, we hear from business people we've had on the show who tell us what they're doing in response to the latest, and largest, wave of tariffs. Related episodes: Trump's contradictory trade policies (<a href="https://podcasts.apple.com/us/podcast/the-indicator-from-planet-money/id1320118593?i=1000680745847">Apple</a> / <a href="https://open.spotify.com/episode/0IRiQlyAMU8f3MZ3Jo3Mwx?si=7c1d247efc614299">Spotify</a>) How's ... everybody doing? (<a href="https://podcasts.apple.com/us/podcast/the-indicator-from-planet-money/id1320118593?i=1000700655213">Apple</a> / <a href="https://open.spotify.com/episode/3AbF4iQedCAjgair0cdQZz?si=bee56f38551f4b27">Spotify</a>) How Shein became a fast-fashion behemoth (<a href="https://podcasts.apple.com/us/podcast/the-indicator-from-planet-money/id1320118593?i=1000619688081">Apple</a> / <a href="https://open.spotify.com/episode/3nSw3rcJ8UU8z491MPQbdO?si=f012307ed59e4d20">Spotify</a>) For sponsor-free episodes of The Indicator from Planet Money, subscribe to Planet Money+ via Apple Podcasts or at <a href="http://plus.npr.org/">plus.npr.org</a>. Fact-checking by <a href="https://www.npr.org/people/g-s1-26724/sierra-juarez">Sierra Juarez</a>. Music by <a href="https://dropelectric.bandcamp.com/">Drop Electric</a>. Find us: <a href="https://www.tiktok.com/@planetmoney">TikTok</a>, <a href="https://www.instagram.com/planetmoney/">Instagram</a>, <a href="https://www.facebook.com/planetmoney">Facebook</a>, <a href="https://www.npr.org/newsletter/money">Newsletter</a>. Learn more about sponsor message choices: <a href="https://podcastchoices.com/adchoices">podcastchoices.com/adchoices</a> <a href="https://www.npr.org/about-npr/179878450/privacy-policy">NPR Privacy Policy</a>

What's so bad about a trade deficit?

A bite-sized show about big ideas. From the people who make Planet Money, The Indicator helps you make sense of what's happening in today's economy. It's a quick hit of insight into money, work, and business. Monday through Friday, in 10 minutes or less.