Indicators of the week: International trade edition

The Indicator from Planet Money

NPR

Business

4.7 • 9.2K Ratings

🗓️ 12 February 2022

⏱️ 9 minutes

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Summary

Our indicators of the week have to do with trade. On one hand, protests against covid restrictions on the Canadian border are blocking trade with America's biggest trading partner. On the other, a historic high for the national trade deficit.

Transcript

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0:00.0	NPR.
0:12.2	This is the indicator from Planet Money, I'm Adrian Ma.
0:14.5	And I'm Darian Woods.
0:15.8	And Adrian, it is Friday, which you know what it means.
0:18.6	What else?
0:19.6	Indicators of the week.
0:21.9	The week that has been in Indicators.
0:24.0	So brush the dust off your lonely planet guide and try to find your long lost passport
0:29.1	wherever that is.
0:30.1	Because today's indicators have a bit of an international trade thing.
0:33.7	Today, we will cross the Canadian border to hear how a truck convoy is disrupting US car
0:39.1	makers.
0:40.1	We'll also learn about one of the most politicized numbers in America, the large and growing
0:45.4	trade deficit.
0:46.4	Stay tuned.
0:48.4	Okay, Darian, indicators of the week, international trade edition, go.
0:59.4	Alright, so at least six car factories in the Great Lakes region have had to stop work
1:04.3	this week.
1:05.3	Shifts at Ford, Toyota, General Motors and Stirlantis.
1:08.9	They've all been interrupted right in the middle of this car shortage we're having.
1:13.3	And the usual issue here would be the chip shortage, right?
1:16.4	Yeah, and for once this is not about the chip shortage.
	...

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