The "chicken tax" and the U.S. auto industry
Marketplace Morning Report
Marketplace
4.5 • 927 Ratings
🗓️ 9 April 2026
⏱️ 8 minutes
🧾️ Download transcript
Summary
In the 1960s, the German government put a tariff on American chickens. President Lyndon B. Johnson then retaliated with a tariff on light-duty commercial vehicles and trucks. The back-and-forth has come to define the U.S. auto sector. On this morning's show, why a veteran automotive CEO calls this chicken tax "one of the most important, formative aspects of how the U.S. industry has evolved." But first, markets try to guess whether the U.S.-Iran ceasefire will hold.
Transcript
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| 0:00.0 | How everyone with a pickup truck has felt the effects of a tariff that never goes away. |
| 0:07.7 | I'm David Brancaccio. After the Dow rose 1,325 points yesterday, 2.9%. Futures are down 3 tenths |
| 0:16.3 | percent this morning. The wholesale price of oil down 17 percent yesterday is back up nearly 5% this morning, $99 a barrel. |
| 0:24.7 | It's about market players trying to guess if the U.S. Iran sees fire will hold. Here's Marketplace's Nancy Marshall-Gensur. |
| 0:31.3 | The Dow Jones Industrial average surged more than 1,300 points yesterday. The NASDAQ and S&P each popped up more than 2%. But traitors are more |
| 0:41.1 | tentative this morning. Iran says Israel's attacks on Lebanon are violations of the ceasefire. |
| 0:47.1 | The truce was contingent on Iran reopening the Strait of Hormuz, but Iran says it's now closed. |
| 0:52.6 | In a social media post last night, President Trump said |
| 0:55.7 | U.S. forces would remain in the region until what he called a real agreement is fully complied with. |
| 1:01.7 | I'm Nancy Marshall Genser for Marketplace. We get a key inflation reading later this morning. |
| 1:07.4 | Ahead of that, interest rates are steady. If you're a business leader, Intuit QuickBooks Payroll is an essential tool that completely integrates payroll, time tracking, HR, and your financials in a powerful all-in-one command center. No more juggling platforms |
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| 2:27.5 | More at QuickBooks.com slash workforce. |
| 2:31.0 | That's quickbooks.com slash workforce. |
| 2:34.1 | I'm just back from 900 miles on Historic Route 66. workforce. That's quickbooks.com slash workforce. |
| 2:53.0 | I'm just back from 900 miles on historic route 66, which turns 100 this year. It was the Pacific Ocean to Albuquerque stretch, first in a Waymo-less taxi, then a carbon-rich 1966 Oldsmobile for about a minute, then my plug-in gas electric hybrid Chevy Volt for a while, |
| 2:56.0 | and then my friend's all-electric SUV. |
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