Trade showdown

In the U.S., China’s economic slowdown starts to bite

Sabri Ben-Achour Jul 24, 2019
HTML EMBED:
COPY
A worker looks on as a cargo ship is loaded at a port in Qingdao, eastern China's Shandong province in 2017. STR/AFP/Getty Images
Trade showdown

In the U.S., China’s economic slowdown starts to bite

Sabri Ben-Achour Jul 24, 2019
A worker looks on as a cargo ship is loaded at a port in Qingdao, eastern China's Shandong province in 2017. STR/AFP/Getty Images
HTML EMBED:
COPY

Caterpillar has dumped some bad news on investors: Tariffs and an economic slowdown in China dragged down earnings. The company also lowered expectations for the year. American manufacturers that produce in the United States and sell to China — and those that produce in China to sell there — will be hurt by China’s slowdown. That pain could, in turn, spread to more sectors of the U.S. economy.

Click the audio player above to hear the full story. 

Marketplace is on a mission.

We believe Main Street matters as much as Wall Street, economic news is made relevant and real through human stories, and a touch of humor helps enliven topics you might typically find…well, dull.

Through the signature style that only Marketplace can deliver, we’re on a mission to raise the economic intelligence of the country—but we don’t do it alone. We count on listeners and readers like you to keep this public service free and accessible to all. Will you become a partner in our mission today?

Your donation is critical to the future of public service journalism. Support our work today – for as little as $5 – and help us keep making people smarter.