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Marketplace All-in-One

The Albertsons-Kroger deal has its day in court

Marketplace All-in-One

Marketplace

Business, News

4.51.4K Ratings

🗓️ 27 August 2024

⏱️ 9 minutes

🧾️ Download transcript

Summary

A federal judge in Oregon will continue hearing arguments about whether to pause efforts to merge the grocery chains Albertsons and Kroger in a nearly $25 billion deal. The Federal Trade Commission believes prices would go up and consumers would lose. We’ll hear more. Plus, Canada announces sweeping tariffs on Chinese EVs, San Fransisco Fed President Mary Daly chats about rate cuts, and businesses cater to India’s growing elderly population.

Transcript

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0:00.0

The U.S. Europe and now Canada worked to keep Chinese companies from dominating

0:06.1

sales of electric cars. I'm David Brancaccio in New York. Canada has just

0:11.4

joined the U.S. and the EU by announcing sweeping tariffs on

0:15.1

electric cars made in China. This comes during a crucial week of diplomacy between China

0:19.9

and the US. Here's Marketplace's Nova Safo.

0:22.4

Canada is imposing a 100% in the US, here's Marketplace's Nova Safo.

0:23.4

Canada is imposing a 100% tariff on Chinese electric vehicles, along with other duties, and Canada's

0:28.8

Prime Minister Justin Trudeau emphasized that the decision was in alignment with other Western countries, which

0:35.2

say Chinese government subsidies have led to EV overproduction.

0:39.3

They claim China is dumping cheap product elsewhere.

0:42.4

The moves by the US,S. EU and now Canada are aimed at

0:45.7

protecting their own nascent AV industries. But the U.S. has delayed implementation of its

0:51.1

proposed tariffs while reviewing requests by some manufacturers

0:54.8

that the duties be lower or include more exceptions. A final decision is expected

0:59.8

this week. Meanwhile, White House National Security Advisor Jake Sullivan starts talks today

1:05.0

in Beijing over a wide-ranging set of issues, and trade relations are likely to rank high among

1:11.2

them.

1:12.2

I'm Novasavo for Marketplace. A federal judge in Oregon

1:16.2

will continue hearing arguments about whether to pause efforts to merge the

1:20.3

grocery chains Albertsons and Kroger, the nearly 25 billion dollar deal would the Fred Meyer, Food for Less, Dylons, Ralphs, and more.

1:33.5

The Federal Trade Commission believes prices could go up and consumers might lose.

1:37.8

Marketplace's Nancy Marshall Ginsor reports.

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