Could mounting trade tensions harm U.S. services to China?
Share Now on:
President Donald Trump is threatening to impose tariffs on a further $200 billion worth of Chinese products, up from the $50 billion already in the works. That’s a big escalation. If he follows through, nearly half of all imported goods from China could be subject to a tariff. But there’s another side of trade we haven’t been talking about as much lately: The roughly $56 billion worth of services the United States sells annually to China.
Click the audio player above for the full story.
There’s a lot happening in the world. Through it all, Marketplace is here for you.
You rely on Marketplace to break down the world’s events and tell you how it affects you in a fact-based, approachable way. We rely on your financial support to keep making that possible.
Your donation today powers the independent journalism that you rely on. For just $5/month, you can help sustain Marketplace so we can keep reporting on the things that matter to you.