Why Trump's potential tariffs are making business owners anxious

This news podcast discusses the economic impact of potential tariffs on US businesses, particularly focusing on the uncertainty created by the threat of tariffs. The podcast features interviews with a soybean farmer and an economist, illustrating how tariffs affect different sectors. The farmer describes the negative impact of previous tariffs on soybean exports to China, leading to financial losses and a shift in crop production. The economist explains three ways uncertainty from tariffs affects businesses: uncertain costs, potential retaliatory tariffs, and the need for costly preemptive measures. Ultimately, the podcast highlights the real-world consequences of trade wars, showing how uncertainty, rather than just the tariffs themselves, significantly impacts businesses and farmers.