Biden administration imposes new steel, aluminum tariffs

Marketplace All-in-One

Marketplace

News, Business

4.5 • 1.4K Ratings

🗓️ 10 July 2024

⏱️ 1 minutes

🔗️ Recording | iTunes | RSS

🧾️ Download transcript

Summary

The tariffs cover steel and aluminum shipped from Mexico, but made elsewhere; Powell opens door to interest rate cuts; Microsoft leaves OpenAI board; Samsung workers in South Korea go on strike.

Transcript

Click on a timestamp to play from that location

0:00.0	New tariffs on steel and aluminum shipped from Mexico.
0:04.5	I'm Novisafa with the Marketplace Minute.
0:06.5	Shipped from Mexico, but made elsewhere.
0:09.5	The Biden administration says the new tariffs are an effort to prevent China from circumventing
0:14.3	current ones. The impact is likely small, affecting only 13% of steel imports from south of the
0:19.9	border. Fed Chair Jerome Powell appeared to open the door to interest rate cuts, pointing out during
0:24.8	congressional testimony that inflation has eased.
0:28.3	He also said that there's a risk of weakening the economy too much if the Central Bank holds interest rates up for too long.
0:35.6	Microsoft is vacating its non-voting seat on the open AI board of directors.
0:40.6	The move comes as regulators around the world scrutinized the two companies partnership.
0:45.0	A small portion of Samsung's workforce in South Korea is on strike.
0:50.0	They say the tech giant is unwilling to negotiate over working conditions and pay.
0:55.0	Only a few thousand are striking though out of some 120,000 in total.
0:59.8	I'm Novasafo with a Marketplace minute.

Please login to see the full transcript.

Previous episode | Next episode

Disclaimer: The podcast and artwork embedded on this page are from Marketplace, and are the property of its owner and not affiliated with or endorsed by Tapesearch.

Generated transcripts are the property of Marketplace and are distributed freely under the Fair Use doctrine. Transcripts generated by Tapesearch are not guaranteed to be accurate.