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Today, Explained

Make America Trade Again

Today, Explained

Vox

Politics, Daily News, News

4.310.3K Ratings

🗓️ 15 May 2019

⏱️ 19 minutes

🧾️ Download transcript

Summary

President Trump's trade war with China just got a lot worse. Can you feel it? Vox's Matthew Yglesias says most Americans won't, but it's still bad for America. Learn more about your ad choices. Visit podcastchoices.com/adchoices

Transcript

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0:00.0

What's your monthly bank account fee?

0:02.1

What's your ATM fee?

0:03.9

What's your annual percentage yield?

0:06.0

At aspiration, you choose your monthly bank account fee.

0:09.1

They are zero ATM fees, and you get 2% annual percentage yield.

0:13.7

You can download the aspiration app now to open up an account.

0:16.7

You can try and save money while saving the world.

0:19.4

Good news.

0:28.0

That trade war, you keep getting notifications about?

0:30.2

Front page of every newspaper in the country right now would die on the Dow because of this

0:34.0

trade war now more than a trillion dollars wiped out from global markets yesterday.

0:38.4

There's still a pretty good chance.

0:40.4

You're not even going to come close to feeling it.

0:43.4

If you were on a farm that sells things to China, you were in really bad shape.

0:47.4

If you rely specifically on some kind of specialized component from China, you're in bad shape.

0:53.4

If you're a normal American, you are looking at slightly higher prices for some things,

0:58.3

slightly lower prices for some things.

1:00.8

In the aggregate, you are probably worse off, but not like a lot worse off.

1:05.4

Bad news.

1:06.4

There's a whole lot of drama, stock market drama, industrial drama, foreign tension drama,

1:12.9

pretty much all of it created by President Donald Trump.

1:16.5

And there's really no end in sight.

...

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