The Indicator from Planet Money

Davos drama, credit card caps and tariff truths

32 snips
Jan 23, 2026
This week, explore why Davos is buzzing with tension due to high-profile clashes and historic speeches from influential figures. Delve into who truly bears the brunt of tariffs, with startling statistics showing Americans paying almost all of them. Also, discover a bold proposal that could cap credit card interest rates, igniting debates about competition and financial risk. Plus, there's exciting news of a book tour on the horizon!
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ANECDOTE

Davos Felt Unusually Charged

  • Mary Childs describes Davos as an environmental and social spectacle full of CEOs flying in on private jets and staging elaborate booths.
  • She highlights vivid moments like Christine Lagarde walking out and Al Gore booing a Trump administration speaker to show Davos felt unusually charged this year.
INSIGHT

Power Concentration Raised Davos' Stakes

  • Mary Childs argues Davos mattered more this year because key geopolitical and economic actors were all present and influential.
  • She credits Larry Fink's push to bring powerful people together, making Davos feel consequential for global policy debates.
INSIGHT

Americans Bear Most Tariff Burden

  • The Kiel Institute estimates Americans pay 96% of U.S. tariffs' burden, meaning importers largely absorb the cost.
  • Only about 4% is absorbed by foreign exporters who lower their prices in response.
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