Run into more customer service bots lately? Let Marketplace Tech know. More info

U.S. pauses China tariffs but deal has its shortcomings

Mitchell Hartman May 21, 2018
HTML EMBED:
COPY

U.S. pauses China tariffs but deal has its shortcomings

Mitchell Hartman May 21, 2018
HTML EMBED:
COPY

The reason the United States is pausing tariffs on China for now appears to be a promise from China that it will increase its imports from the U.S. — primarily agricultural and energy products. That would presumably help — at least in the short term — to reduce the U.S. trade deficit with China, which was $385 billion in 2016 according to the U.S. Trade Representative. And that would be a good thing, right? 

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.