Mar 28, 2018

03/28/2018: Stuck in the middle of tariffs

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The South Korea trade deal we were talking about has finally gone through, and there's a lot in there: cars, currency manipulation and steel. South Korea gets out from under the steel tariffs that went into effect last Friday in…

Segments From this episode

China's post-Lunar New Year job exodus

Mar 28, 2018
The two months after the holiday are traditionally "jobs season."
According to a survey by leading job site Zhaopin, nearly 70 percent of white-collar workers are starting a new job or actively looking to change jobs.
Jennifer Pak/Marketplace

Why the U.S. needs foreign steel imports

Mar 28, 2018
After Trump’s tariff announcement, manufacturers saw raw materials prices rise.
Hannibal Industries is the largest manufacturer of steel pallet racks in the United States.
Ben Hethcoat/Marketplace

Facebook rejiggers its privacy settings to make them easier to use

Mar 28, 2018
Facebook announced a group of changes Wednesday designed to make it easier for users to manage their privacy and find out how their data is being used. The changes are intended to rebuild users’ trust in the social network after…

The South Korea trade deal we were talking about has finally gone through, and there’s a lot in there: cars, currency manipulation and steel. South Korea gets out from under the steel tariffs that went into effect last Friday in return for limiting how much it sends here. The “here” in this case happens to be just 6 miles from Marketplace headquarters in Los Angeles. We went to Hannibal Industries, where 300 employees use imported steel to manufacture pallet racks you see at places like Costco. They’re used to some instability, but new tariffs could be a “worst-case scenario” for their business. Then: The latest on Facebook’s privacy fiasco. Plus: What’s that thing we’re always saying? Listen to the bond markets.

Music from the episode

Reflektor Arcade Fire
Burn the Witch Radiohead
Preservation Aesop Rock, Del The Funky Homosapien, Wu-Tang Clan
Weary Solange