Correspondent & Host
Sabri is a correspondent and host for Marketplace based in New York City. He has many, many plants.
The U.S. and China have agreed to a trade deal, dropping U.S. tariffs against China from 145% to 30% for 90 days.
Spending by consumers to get ahead of tariff-caused price increases could prove costly if there’s an economic downturn.
Trump said an 80% tariff on China “seems right.”
President Donald Trump has said he wants a “fair trade deal,” but the pressure created by sky-high tariffs might limit what can be accomplished at talks this week.
The U.S. will import less and our exports will likely also suffer because of retaliatory tariffs from other countries.
The U.S. dollar has weakened since January, but even so, it’s still the world’s dominant currency in many ways — you can find it almost anywhere.
And it could result in major product shortages by summertime.
Warren Buffett is stepping down as CEO of Berkshire Hathaway after 60 years.
The trade deficit grew as imports increased by $16 billion in March, the Census Bureau reported.
But these special zones are not as useful as they once were.
