U.S. wants stronger trade with Thailand, Philippines

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Marketplace

Business, News

4.5 • 1.4K Ratings

🗓️ 11 March 2024

⏱️ 1 minutes

🔗️ Recording | iTunes | RSS

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Summary

Commerce Secretary Raimondo is visiting the Indo-Pacific countries; Saudi Arabia’s Aramco reports $121 billion profit in 2023; Trump says he would continue to rely on tariffs if reelected; Justice Department launches probe of Alaska Airlines Max jet accident, WSJ reports.

Transcript

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0:00.0	The U.S. wants stronger trade ties with Thailand and the Philippines.
0:05.0	I'm Nova Safo with a Marketplace Minute.
0:07.0	Commerce Secretary Gina Raimundo and 22 executives from American corporations are visiting both of those countries this week.
0:14.2	This is an effort to diversify supply chains and counter China's influence.
0:18.9	Saudi Arabia's oil company, Aramco, reported an annual profit of $120 billion in 2023. That's down from the previous
0:26.0	year's record 160 billion. That was the year oil prices spiked after Russia launched
0:31.2	a full-scale invasion of Ukraine.
0:34.0	Donald Trump, the presumptive Republican nominee for president, said today that he would
0:37.3	continue relying on tariffs if he returned to the White House.
0:40.7	Trump told the NBC who would seek to cut taxes to counter the higher prices tariffs would cause.
0:47.0	The Justice Department has launched a criminal investigation of that plug door blowout
0:51.0	on an Alaska Airlines Boeing Max
0:53.4	jet in January.
0:54.8	That's according to a report by the Wall Street Journal.
0:57.2	Alaska says it does not believe that it is the target of the investigation.
1:01.9	I'm Novasafa with a marketplace minute. of the

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