Marketplace has a new podcast for kids, "Million Bazillion!" EPISODE OUT NOW

Two things Trump likes: a narrower trade gap and a weak dollar

Andy Uhler Jul 6, 2017
HTML EMBED:
COPY

Two things Trump likes: a narrower trade gap and a weak dollar

Andy Uhler Jul 6, 2017
HTML EMBED:
COPY

At the G20 meeting of world leaders this week, President Trump and German Chancellor Angela Merkel are sure to talk about trade. Trump has been outspoken — on Twitter, at least — about the U.S. needing to shrink the “massive” trade deficit it has with Germany. The Commerce Department says the U.S. trade deficit did indeed shrink in May, with exports rising to a two-year high. One of the factors in that is a weak U.S. dollar, another economic fact President Trump finds favorable. But for either of those — a shrinking trade deficit or a weak dollar — to continue too far would mean a huge economic shift.

Click the audio player above to hear the full story.

We’re here to help you navigate this changed world and economy.

Our mission at Marketplace is to raise the economic intelligence of the country. It’s a tough task, but it’s never been more important.

In the past year, we’ve seen record unemployment, stimulus bills, and reddit users influencing the stock market. Marketplace helps you understand it all, will fact-based, approachable, and unbiased reporting.

Generous support from listeners and readers is what powers our nonprofit news—and your donation today will help provide this essential service. For just $5/month, you can sustain independent journalism that keeps you and thousands of others informed.