Kudlow: “Don’t class warfare me” on trade

Aug 3, 2018
In a wide-ranging interview, the president’s top economic adviser told Marketplace’s Kai Ryssdal that tariffs are not hurting economic growth.
Larry Kudlow, National Economic Council director, holds a news briefing at the White House in June.
Chip Somodevilla/Getty Images

Decline of China’s currency lessens bite of U.S. tariffs

Aug 2, 2018
The trade story of the day is actually more of a currency story. As you know, the Trump administration has proposed another round of tariffs on some $200 billion worth of Chinese products — ranging from tobacco to dog food to plywood. Now, the president is threatening to more than double the size of that tariff […]

Higher tariffs on consumer goods resonate at a Texas Walmart

Aug 2, 2018
On Wednesday, the Trump administration unveiled a proposal for even higher tariffs on many consumer goods imported from China. We went to a shopping center in Austin, Texas, to find out what buyers of those goods thought about the plan. Click the audio player above to hear the full story. 
A customer carries merchandise through a Walmart Supercenter.
Rick T. Wilking/Getty Images

How Wisconsin became the ginseng state — and part of the trade war

Jul 31, 2018
Almost all the ginseng grown in America comes from the state, and the majority of that crop gets exported to China. It's the perfect target for retaliatory tariffs.

U.S. trade officials hold hearing on next batch of tariffs

Jul 24, 2018
In June, President Donald Trump announced tariffs on $50 billion in Chinese goods, most of which went into effect earlier this month. Now U.S. trade officials are set to impose the rest of them, but not before a hearing on Tuesday and Wednesday with U.S. business leaders. The list of products includes industrial machinery, communications […]
A factory worker makes parts in a welding room at LGMazak, a Sino-Japanese joint venture firm that manufactures digitally controlled machinery for automotive, aviation, chemical, and manufacturing industries, 03 September 2004 in Yinchuan, in northwest China's Ningxia Hui Autonomous region. 
FREDERIC J. BROWN/AFP/Getty Images

Mnuchin urges trading partners to drop “non-tariff barriers”

Jul 23, 2018
U.S. Treasury Secretary Steven Mnuchin says the U.S. is ready to negotiate with China, the EU, and Japan on trade. But at the conclusion of a G-20 finance leaders meeting in Argentina this weekend, Mnuchin said our trading partners would have to remove tariffs on U.S. goods — and get rid of “non-tariff barriers” on U.S. […]
Chip Somodevilla/Getty Images

And now, a currency war?

Jul 20, 2018
President Donald Trump today accused Beijing of manipulating its currency. This is not a new charge. But what has occurred is an 8 percent fall in the Chinese currency against the dollar since the trade spat began in the spring. That helps Chinese exporters, because it effectively makes their products cheaper.   Click the audio […]
A man looks at information posted on a bank door showing how to distinguish real banknotes in Beijing on July 20, 2018. - China's yuan continued its steady decline on July 20, defying US President Donald Trump's warning over the dollar's rise and providing Beijing with a buffer against punitive trade tariffs imposed by Washington. 
WANG ZHAO/AFP/Getty Images

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Why the auto industry (mostly) opposes proposed tariffs

Jul 19, 2018
Even so-called "domestic" carmakers are global companies with international supply chains.
Volkswagen Golfs hang on the assembly line at the company's factory in Wolfsburg, Germany, in March.
Alexander Koerner/Getty Images

Why China loves American natural gas more than it hates our tariffs

Jul 11, 2018
Ever since the shale revolution turned the U.S. into one of the world’s biggest energy exporters, other countries have been clamoring to buy American oil. One product in particular is seeing huge demand abroad – liquefied natural gas. Refineries turn natural gas into liquid to make it easier to ship overseas. In fact, as trade […]