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Trade war

Trade showdown

As the steel tariff exemption process drags on, optimism wanes

by Kai Ryssdal and Phoebe Unterman
Jun 4, 2018
An American tire cord producer is frustrated by President Trump's 25 percent levy and an objection to his exemption application.
Commerce Secretary Wilbur Ross testifies about U.S. tariffs on steel and aluminum imports during a House Ways and Means Committee hearing in Washington, D.C., in March.
AFP Photo / Saul Loeb
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Weekly Wrap

Fears of a trade war rekindled

by Kai Ryssdal
Jun 1, 2018
We ended the week with a strong jobs report. But what about wage growth?
Work gloves are viewed on the factory floor at Quadrant, a high-end plastic processor, in Reading, Pennsylvania, in 2011.
Spencer Platt/Getty Images
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With tariffs on our closest allies, what kind of trade policy is this?

by Peter Balonon-Rosen
Jun 1, 2018
It's "a steady policy of throwing stink bombs into rooms, having the room clear out and then saying, 'OK, let's sit down and talk.'"
Mexico announced sweeping retaliatory tariffs on a host of U.S. goods Thursday after the United States slapped steep tariffs on steel and aluminum from Mexico, Canada and the European Union. Above, a man works in a steel distribution factory in Monterrey in northern Mexico on May 31.
JULIO CESAR AGUILAR/AFP/Getty Images
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Corner Office

Qualcomm CEO isn't too worried about our trade war with China

by Kai Ryssdal and Bridget Bodnar
May 23, 2018
"We actually feel like we have a seat at the table on both sides of the trade dispute," Steven Mollenkopf says.
“There is a responsibility to make sure that the technologies that you create have the proper technology built in so that it's used appropriately,” Qualcomm CEO Steven Mollenkopf says. Above, he speaks at a tech conference in October.
GLENN CHAPMAN/AFP/Getty Images
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For scrap brokers, the trade war is not "on hold"

by Kai Ryssdal and Maria Hollenhorst
May 21, 2018
One broker says he'll have to do "a lot of juggling" if China won' import U.S. scrap.
Scrap metal to be used in steel production is piled at the Zhong Tian (Zenith) Steel Group Corp. in 2016 in Changzhou, Jiangsu.
Kevin Frayer/Getty Images
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Farmers have been relying on the high value of their land to get them through years of low commodity prices

by Zoe Sullivan
May 18, 2018
Land accounts for 80 percent of farm assets according to the Department of Agriculture. So farmers are using their land as collateral to face low commodity prices, but the amount of production that farmers need to service their debt is rising.  Click the audio player above to hear the full story. 
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Tariff exemption applications move through review process

by Kai Ryssdal and Phoebe Unterman
May 17, 2018
Bill Brebrick of Zapp Precision Wire and Joel Johnson of Borusan Mannesmann submitted applications to the Department of Commerce for exemptions from steel tariffs President Trump implemented in March. The applications were open for public comment for 30 days on regulations.gov. Now, Johnson’s and Brebrick’s applications will be reviewed by the Department of Commerce, which […]
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U.S. scrap exports to China just came to a screeching halt

by Kai Ryssdal and Maria Hollenhorst
May 11, 2018
One expert says the monthlong suspension could impact an estimated $400 million worth of trade.
A Chinese laborer sorts plastic bottles for recycling in Dong Xiao Kou village on the outskirts of Beijing.
FRED DUFOUR/AFP/Getty Images
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What does the U.S. want from trade negotiations with China?

by Kai Ryssdal and Scott Tong
Apr 30, 2018
The answer isn't clear, and that makes dealing pretty tough, our former China correspondent says.
The American flag placed next to a Chinese flag.
MARK SCHIEFELBEIN/AFP/Getty Images
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U.S. bid for reciprocity in investment rules with China could backfire

by Nancy Marshall-Genzer
Apr 30, 2018
The Trump administration is sending a delegation to China this week. Sure, they’ll be talking about tariffs. But there’s something else that’s expected to be big on the agenda. The Trump administration is considering limitations on Chinese investment in the U.S., similar to Chinese restrictions on American companies. Click the audio player above to hear […]
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