Support the trusted economic news you rely on with a tax-deductible year-end gift to Marketplace! Give Now 🎁

Why tariffs will hurt American consumers and fail to compensate for tax cuts

Dec 13, 2024
Tariffs are a tax that American companies pay to the U.S. government when importing goods. To make up their bigger tax bill, those companies tend to hike prices.
MANDEL NGAN/AFP via Getty Images

How a second Trump presidency may influence economies abroad

To learn more, "Marketplace Morning Report" host David Brancaccio spoke with Zanny Minton Beddoes, editor-in-chief of The Economist magazine.
Win McNamee/Getty Images

More tariffs may be coming under Trump

Nov 6, 2024
Here's what tariffs on goods from China and elsewhere have already meant for businesses and consumers since his first term.
In the past, tariffs have raised prices for American consumers and businesses.
Anthony Kwan/Getty Images

With the election looming, uncertainty in Mexico around trade

Oct 24, 2024
In recent years, Mexico has become a key outpost for Chinese firms looking to expand their manufacturing centers closer to the American markets.

How trade-oriented is the U.S. economy?

Jul 10, 2024
Compared to many other countries, the U.S. trade-to-GDP ratio is below the global average. But the explanation is complicated.
The U.S. imports and exports hundreds of billions of dollars' worth of goods and services ever year, but international trade accounts for a relatively low percentage of GDP.
Mark Ralston/AFP via Getty Images

The customs business has become all about handling the unexpected

Apr 13, 2022
"Everything is just a constant pivot," says Gretchen Blough, a customs broker in Erie, Pennsylvania.
"There hasn't been a lot of warning to some of the issues that have happened, and we've just had to make do," Gretchen Blough says of the customs business.
Joe Raedle/Getty Images

For public good, not for profit.

Congress strips Russia of "most-favored nation" trade status

Apr 8, 2022
That means the U.S. could impose punitive tariffs on Russian imports.
Stefani Reynolds/AFP via Getty Images

How Russian sanctions could speed up the corrosion of globalization

Mar 23, 2022
Adam Posen of the Peterson Institute says that could lead to less varied, costlier goods and a more divided and politically uncertain world.
As globalization corrodes, Adam Posen argues, American consumers could see a smaller variety of goods at higher prices.
Justin Sullivan/Getty Images

Economists say Trump’s China trade policy is harming U.S. Why is it so hard for Biden to change course?

Feb 22, 2022
“It’s hard to do anything that doesn't end up hurting us more than it hurts them," says New York Times columnist Paul Krugman.
“It’s hard to do anything that doesn't end up hurting us more than it hurts them," says The New York Times' Paul Krugman.
Justin Sullivan/Getty Images