Listen To The Story
Marketplace

The Trump administration's 25 percent tariff on imported steel has triggered retaliation from U.S. trading partners such as Canada, the European Union, and China. But over the past few months, Japan, which has also been a target of U.S. tariffs, and which runs a $69 billion trade surplus with the U.S. (the third-largest trade imbalance the U.S. has with another county behind Mexico and China), has been relatively quiet. So, how are Japanese companies and trade officials feeling about the president's efforts to turn the economic screws? The answer varies a lot depending on whether you're talking about steel production or auto manufacturing.

Click the audio player above to hear the full story. 

“I think the best compliment I can give is not to say how much your programs have taught me (a ton), but how much Marketplace has motivated me to go out and teach myself.” – Michael in Arlington, VA

As a nonprofit news organization, what matters to us is the same thing that matters to you: being a source for trustworthy, independent news that makes people smarter about business and the economy. So if Marketplace has helped you understand the economy better, make more informed financial decisions or just encouraged you to think differently, we’re asking you to give a little something back.

Become a Marketplace Investor today – in whatever amount is right for you – and keep public service journalism strong. We’re grateful for your support.