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Planet Money

Trade Show (UPDATE)

Planet Money

NPR

Business, News

4.630.5K Ratings

🗓️ 18 November 2020

⏱️ 22 minutes

🧾️ Download transcript

Summary

It's been a rough four years for free trade. Today on the show, we present 244 years of trade in 22 minutes. | Subscribe to our weekly newsletter here.

Transcript

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0:00.0

This is Planet Money from NPR.

0:07.0

It has been kind of a rough four years for people who believe in free trade.

0:11.0

Who think, you know, people in one country should be able to sell stuff to people in other

0:15.1

countries without too much trouble.

0:18.5

As President Donald Trump started a trade war with China, also some trade fights against

0:23.2

some of our allies.

0:24.8

He pulled out of the negotiations for the Trans-Pacific Partnership.

0:28.2

He ripped up NAFTA and replaced it with something that seems frankly pretty similar, but has

0:32.1

a different name.

0:33.4

And now, of course, we're going to have a new president, Joe Biden.

0:36.9

But Biden has not really said that much about trade.

0:40.0

He's going to be the president, but it's unclear exactly what he's going to do.

0:43.5

The United States used to be this beacon of free trade.

0:46.5

For decades, President after President, Democrats and Republicans negotiated one free trade

0:52.0

deal after another.

0:54.0

And now, it's been the complete opposite.

0:57.0

What happened?

0:58.6

Hello and welcome to Planet Money.

0:59.9

I'm Jacob Goldstein.

1:01.3

And I'm Robert Smith.

1:02.3

Today on the show, you give us 22 minutes, and we will pack in 240 years of free trade

1:07.5

history.

...

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