China’s farm tariffs are having real effects in rural America
Share Now on:
A new round of trade talks started in Washington on Monday between the United States and China. If the talks don’t go well, President Donald Trump has plans to increase tariffs yet again next week, bumping up the tax on $250 billion worth of Chinese goods from 25% to 30%.
China’s retaliatory tariffs on agriculture products have hit U.S. farmers particularly hard.
If you’ve lost track of which tariffs are going into effect when and who’s retaliating for what, you are not alone, especially when new data about the trade war is coming out all the time. A new working paper from the National Bureau of Economic Research finds car sales in rural areas most affected by China’s retaliatory tariffs aren’t growing as quickly as other areas.
Click the audio player above to hear the full story.
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.