|
Stock Market Today: Dow Futures Slip; Trump Says India Offered 'No Tariffs' on U.S. Goods — Live Updates WSJTrump says he doesn't want Apple building products in India: 'I had a little problem with Tim Cook' CNBCTrump Wants Apple to Stop Moving iPhone Production to India Bloomberg.comIndia-US trade deal: Trump says Delhi willing to charge 'no tariffs' on US goods BBC
|
|
Trump's Pledge to the Middle East: No More ‘Lectures on How to Live' The New York TimesTrump and the Crown Prince The AtlanticUS-Saudi $142 Billion Defense Deal Sparks Questions, Few Answers Bloomberg.comIn Riyadh, President Trump Charts the Course for a Prosperous Future in the Middle East The White House (.gov)
|
|
The U.S. exports billions of dollars worth of agricultural products each year — things like soybeans, corn and pork. And over the last month, these exports have been caught up in a trade war.
U.S. farmers have been collateral damage in a trade war before. In 2018, President Trump put tariffs on a bunch of Chinese products including flatscreen TVs, medical devices and batteries. But China matched those tariffs with their own retaliatory tariffs. They put tariffs on a lot of U.S. agricultural products they'd been buying, like soybeans, sorghum, and livestock. That choice looked strategic. Hitting these products with tariffs hurt Trump's voter base and might help China in a negotiation. And in some cases, China could find affordable alternative options from other countries.
Today on the show: what happened in 2018, how the government prevented some U.S. farms from going bankrupt, and what was lost even after the trade war ended.
This episode was produced by Sylvie Douglis and edited by Jess Jiang. It was engineered by Robert Rodriguez and fact-checked by Sierra Juarez. Alex Goldmark is our executive producer.
Find more Planet Money: Facebook / Instagram / TikTok / Our weekly Newsletter.
Listen free at these links: Apple Podcasts, Spotify, the NPR app or anywhere you get podcasts.
Help support Planet Money and hear our bonus episodes by subscribing to Planet Money in Apple Podcasts or at plus.npr.org/planetmoney.
|
|
