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Making Sense of the Tariff Mess

As the big picture on tariff policy remains volatile, a new tool aims to help businesses navigate the complexity of tariff product codes

2 min read

FinanceModern Money

Marc Busch, Georgetown University School of Foreign Service and TariffWizard

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Unless you’ve been living under a rock for the better part of the last year, you know tariffs implemented by the Trump administration have wreaked havoc on global trade. And now that the US Supreme Court declared a large swath of those tariffs illegal, I’ve invited an expert onto this show to help make sense of this tariff mess. Marc Busch is a professor at Georgetown University’s School of Foreign Service and he joins the show to share his insights on what to expect as the story of Trump’s tariffs continues to evolve.

Marc is also a co-founder at TariffWizard, which has launched a new tool that helps importers and other businesses navigate tariff codes. Marc’s dynamic way of describing the complexity of tariffs — including examples that cite X-Men action figures and Snuggies — helps explain the maze of details companies are facing as they try to make heads or tails of tariff policy.

Episode highlights

  • Marc’s reaction to the Supreme Court decision – (2:17)
  • How businesses have responded to tariffs – (4:39)
  • Details about TariffWizard – (7:33)
  • How the new focus on tariffs is saving businesses money – (10:54)
  • X Men and Snuggies navigate tariff codes – (19:56)
  • Will tariff refunds actually happen? – (22:52)