Businesses small and large warn about impacts of trade war
NBC News
[{'start': '0.640', 'end': '4.640', 'text': 'With dire warnings over President'}, {'start': '2.480', 'end': '6.960', 'text': "Trump's tariffs, the US Chamber of"}, {'start': '4.640', 'end': '9.160', 'text': 'Commerce today practically begging the'}, {'start': '6.960', 'end': '11.599', 'text': 'White House for tariff relief for small'}, {'start': '9.160', 'end': '13.840', 'text': 'businesses, telling the administration,'}, {'start': '11.599', 'end': '15.759', 'text': '"Even if it only takes weeks or months'}, {'start': '13.840', 'end': '18.480', 'text': 'to reach agreements, many small'}, {'start': '15.759', 'end': '20.640', 'text': 'businesses will suffer irreparable harm.'}, {'start': '18.480', 'end': '23.199', 'text': 'These tariffs are just adding'}, {'start': '20.640', 'end': '24.640', 'text': 'uncertainty and complexity at a time'}, {'start': '23.199', 'end': '26.080', 'text': "when these small businesses just don't"}, {'start': '24.640', 'end': '28.880', 'text': 'have the cash flow to cover it." The'}, {'start': '26.080', 'end': '30.480', 'text': "Chamers's CEO says she's speaking up for"}, {'start': '28.880', 'end': '32.559', 'text': "main street companies that don't have"}, {'start': '30.480', 'end': '34.880', 'text': 'the lobbyists and lawyers like big'}, {'start': '32.559', 'end': '37.200', 'text': 'public names. Businesses like Bonnie'}, {'start': '34.880', 'end': '39.600', 'text': 'Bray Flowers in Denver. Got our roses'}, {'start': '37.200', 'end': '41.600', 'text': "from Ecuador. Facing Mother's Day and"}, {'start': '39.600', 'end': '44.239', 'text': 'graduation with new costs they never'}, {'start': '41.600', 'end': '47.280', 'text': 'anticipated. Everything that is imported'}, {'start': '44.239', 'end': '51.840', 'text': 'from another country. Uh you know adding'}, {'start': '47.280', 'end': '54.239', 'text': 'anywhere from 10 to 20% on every one of'}, {'start': '51.840', 'end': '56.800', 'text': 'our invoices. big companies too with big'}, {'start': '54.239', 'end': '59.480', 'text': 'tariff price tags. GM warning investors'}, {'start': '56.800', 'end': '62.239', 'text': 'of current tariff exposure of four to5'}, {'start': '59.480', 'end': '65.040', 'text': 'billion. Hershey says tariffs will cost'}, {'start': '62.239', 'end': '67.200', 'text': 'it up to $20 million this quarter.'}, {'start': '65.040', 'end': '69.280', 'text': "Stanley Black & Decker says it's already"}, {'start': '67.200', 'end': '71.439', 'text': 'raised prices because of tariffs and'}, {'start': '69.280', 'end': '73.200', 'text': 'will raise them again next month.'}, {'start': '71.439', 'end': '75.439', 'text': 'Consumers, meanwhile, growing more'}, {'start': '73.200', 'end': '78.479', 'text': "cautious. Sales at McDonald's in the US"}, {'start': '75.439', 'end': '80.640', 'text': 'fell 3.6%, the biggest drop since the'}, {'start': '78.479', 'end': '83.280', 'text': 'pandemic. Airlines also seeing'}, {'start': '80.640', 'end': '86.400', 'text': 'passengers pull back. Southwest CEO Bob'}, {'start': '83.280', 'end': '87.840', 'text': 'Jordan. The demand is way down now. A'}, {'start': '86.400', 'end': '89.360', 'text': 'lot of that is, I think, the consumer'}, {'start': '87.840', 'end': '91.759', 'text': 'reaction to the tariffs. The'}, {'start': '89.360', 'end': '94.320', 'text': "administration's message tonight, stay"}, {'start': '91.759', 'end': '96.320', 'text': "calm. We didn't get here overnight."}, {'start': '94.320', 'end': '99.759', 'text': "We're not going to fix this overnight,"}, {'start': '96.320', 'end': '101.439', 'text': 'but I do think uncertainty will go away.'}, {'start': '99.759', 'end': '103.200', 'text': 'Markets closed higher for the day, and'}, {'start': '101.439', 'end': '105.680', 'text': 'after the bell on an earnings call,'}, {'start': '103.200', 'end': '108.000', 'text': 'Apple CEO Tim Cook publicly addressed'}, {'start': '105.680', 'end': '110.320', 'text': 'the trade war. Assuming the current'}, {'start': '108.000', 'end': '112.000', 'text': 'global tariff rates, policies, and'}, {'start': '110.320', 'end': '114.000', 'text': 'applications do not change for the'}, {'start': '112.000', 'end': '116.479', 'text': 'balance of the quarter and no new'}, {'start': '114.000', 'end': '119.759', 'text': 'tariffs are added, we estimate the'}, {'start': '116.479', 'end': '121.280', 'text': 'impact to add $900 million to our costs.'}, {'start': '119.759', 'end': '123.040', 'text': 'And Christine, meantime, the White House'}, {'start': '121.280', 'end': '124.799', 'text': 'is saying that the tariffs are having'}, {'start': '123.040', 'end': '126.240', 'text': "the desired impact. That's right,"}, {'start': '124.799', 'end': '128.399', 'text': 'Lester. The White House tonight pointing'}, {'start': '126.240', 'end': '130.080', 'text': "to Mercedes, saying it'll be moving"}, {'start': '128.399', 'end': '132.400', 'text': 'production of one of its vehicles to a'}, {'start': '130.080', 'end': '133.840', 'text': 'plant in Alabama. Also today, Kimberly'}, {'start': '132.400', 'end': '135.760', 'text': 'Clark, the company that makes tissues'}, {'start': '133.840', 'end': '137.360', 'text': 'and toilet paper and other consumer'}, {'start': '135.760', 'end': '139.760', 'text': 'goods, it announced a plan to invest'}, {'start': '137.360', 'end': '141.920', 'text': 'more than$2 billion dollars to expand'}, {'start': '139.760', 'end': '143.520', 'text': 'its manufacturing in Ohio. That should'}, {'start': '141.920', 'end': '145.280', 'text': 'result in about 900 jobs. All right,'}, {'start': '143.520', 'end': '147.200', 'text': 'Christine Romans, thank you. Thanks for'}, {'start': '145.280', 'end': '150.480', 'text': 'watching. 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