Marketplace All-in-One Reflecting on the year in tariffs
Apr 2, 2026
Tomas Piskorski, Columbia Business School professor studying private credit funds, breaks down fund structures and run risks. Kimberly Adams, Washington trade and economic reporter, traces a year of tariffs, their hit on consumers and small businesses, and the surge in trade lobbying. They discuss supply-chain fallout, legal fights, investor funding sources, and where hidden risks may lie.
AI Snips
Chapters
Transcript
Episode notes
Tariffs Raised Costs Without Delivering Promised Gains
- The 2023 tariff campaign raised consumer and business prices while delivering few promised economic benefits.
- Kimberly Adams notes enacted rates were about half the threats but still strained relations with allies and boosted lobbying for exemptions.
Small Business Hit By Tariff Price Shock
- Botnia's founder Justine Khan saw a $10,000 order jump to $15,000 because of tariffs on oils, packaging, and herbs.
- Kimberly Adams reports small businesses absorbed higher import costs and sought exemptions amid chaotic tariff changes.
Tariff Threats Unleashed A Lobbying Surge
- The tariff threat generated a six-fold spike in trade lobbying as industries sought carve-outs and exemptions.
- Scott Lincecum and Kimberly Adams link the surge to firms trying to avoid paying newly imposed duties.