Apr 5, 2018

04/05/2018: The view from China on a potential trade war

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The trade deficit — all the goods and services we buy from overseas, minus what other countries buy from us — is President Donald Trump's key economic irritant. He's cited it when threatening to raise tariffs and tear up trade…

Segments From this episode

In Shanghai, few worry over U.S-China trade spat

Apr 5, 2018
"In China's history, we’ve faced more serious problems than this,” one man says.
Roy Ma and his family consume American fruits and nuts but he says the latest China tariffs on these products will not have a huge impact on his life. He is worried about what other tariffs will be imposed as the trade friction escalates.
Jennifer Pak/Marketplace

For some minor league baseball players, wages can seem like peanuts

Apr 5, 2018
Congress's Save America's Pastime Act may pre-empt a lawsuit challenging teams over player pay.
Todd Warshaw/Getty Images

Tariff jitters are rippling through the ag economy

Apr 5, 2018
Besides causing "extreme nervousness," the Ozark Mountain Poultry CEO says the tariff threats haven't impacted the market yet.
A potential trade war has implications for the poultry industry.
AHMAD ZAMRONI/AFP/Getty Images

In a U.S.-China trade dispute, Iowa farmers may be the bargaining chips

Apr 5, 2018
With the announced Chinese tariffs on U.S. exports, things are looking pretty tough if you’re a farmer, and more so if you’re a farmer in Iowa. Five of the state’s central agriculture products — soybeans, corn, ethanol, beef and pork…

The trade deficit — all the goods and services we buy from overseas, minus what other countries buy from us — is President Donald Trump’s key economic irritant. He’s cited it when threatening to raise tariffs and tear up trade deals like NAFTA. We just got the February trade report this morning from the Department of Commerce, and for the sixth month in a row, our trade deficit has grown, despite Trump’s promises to shrink it. It may not be his fault though, and we’ll explain why. Then: Yesterday we talked to several Americans about what the potential trade war between China and the U.S. would mean for them. Today we’re headed to the streets of Shanghai, where the perspective is a little different. Plus, it’s opening day for minor league baseball. While MLB players can pull eye-popping salaries, their counterparts down the ladder are making peanuts — with no raise in sight.

Music from the episode

Tightrope - feat. Big Boi Janelle Monáe
Darling Real Estate
Maria También Khruangbin
Benzoin Gum MF DOOM