How long will the trade war with China last?

Scott Tong May 13, 2019
HTML EMBED:
COPY
A container ship unloads its cargo at the main port terminal in Long Beach, California, on May 10. China warned on May 13 that it will "never surrender to external pressure" after the United States ordered tariffs on almost all Chinese exports. MARK RALSTON/AFP/Getty Images

How long will the trade war with China last?

Scott Tong May 13, 2019
A container ship unloads its cargo at the main port terminal in Long Beach, California, on May 10. China warned on May 13 that it will "never surrender to external pressure" after the United States ordered tariffs on almost all Chinese exports. MARK RALSTON/AFP/Getty Images
HTML EMBED:
COPY

Today, China announced it will raise tariffs on $60 billion worth of American goods. This follows President Donald Trump’s increase of tariffs on $200 billion worth of Chinese goods on Friday. With this latest escalation in the trade war, the United States and China have assumed more entrenched positions. The one-upmanship complicates what was already a delicate, geo-political relationship. By some accounts, we may have begun a chapter of turbulent trade relations with China that could last a decade. Is this the new normal?

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.