Trade showdown

Tariff exemption granted but confusion continues

Kai Ryssdal and Phoebe Unterman Jul 27, 2018
HTML EMBED:
COPY
Trade showdown

Tariff exemption granted but confusion continues

Kai Ryssdal and Phoebe Unterman Jul 27, 2018
HTML EMBED:
COPY

There’s a lot of tariff talk swirling around these days, but let’s remember what began this trade war: President Donald Trump’s steel and aluminum tariffs. Since those tariffs were announced in March, companies have filed more than 28,000 requests for exemptions from the Department of Commerce. As of this week, only 1,000 applications have been granted or denied. Max Daetwyler, a company that makes precision steel blades used in commercial printing, submitted a handful of them and was recently granted some exemptions. We talked with Walter Siegenthaler, executive vice president at Daetwyler. 

Click on the audio player above to hear the full story.

There’s a lot happening in the world.  Through it all, Marketplace is here for you. 

You rely on Marketplace to break down the world’s events and tell you how it affects you in a fact-based, approachable way. We rely on your financial support to keep making that possible. 

Your donation today powers the independent journalism that you rely on. For just $5/month, you can help sustain Marketplace so we can keep reporting on the things that matter to you.