❗Let's close the gap: We still need your help to raise $40,000 by April 1. Donate now

With trade tensions high, Trump and China’s Xi prepare to meet

Renata Sago Jun 28, 2019
HTML EMBED:
COPY
President Donald Trump and Chinese President Xi Jinping leave a business leaders event in Beijing in 2017. NICOLAS ASFOURI/AFP/Getty Images

With trade tensions high, Trump and China’s Xi prepare to meet

Renata Sago Jun 28, 2019
President Donald Trump and Chinese President Xi Jinping leave a business leaders event in Beijing in 2017. NICOLAS ASFOURI/AFP/Getty Images
HTML EMBED:
COPY

The United States currently has 25% tariffs on $200 billion worth of Chinese goods. Now President Donald Trump has threatened to impose them on the remaining $300 billion in Chinese imports. But those tariffs add costs for U.S. consumers and businesses and disrupt supply chains. Whatever happens at Trump’s meeting with Chinese President Xi Jinping scheduled for Saturday, the Federal Reserve will be watching as it tries to decide where the economy is headed and what to do about interest rates.

Click the audio player above to hear 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.