What does global trade policy have to do with the climate crisis?
Marketplace All-in-One
Marketplace
4.5 • 1.4K Ratings
🗓️ 16 October 2023
⏱️ 27 minutes
🧾️ Download transcript
Summary
High tariffs usually mean high prices, which can do bad things to economies and consumers. But what if tariffs were strategically used to encourage climate-friendly purchases? Take steel, for example. In this episode, we examine how trade policies could incentivize the use of recycled steel over steel made from scratch. Plus, why Rite Aid filed for bankruptcy, how natural gas prices could keep heating bills low this winter and what’s driving Tesla’s price-cutting strategy?
Transcript
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| 0:00.0 | How many fed speeches is too many fed speeches? |
| 0:08.0 | Not a rhetorical question, by the way. |
| 0:11.0 | From American public media. |
| 0:13.0 | This is Marketplace. |
| 0:24.0 | In Los Angeles, I'm Kai. |
| 0:27.0 | Today is Monday, the 16th of October. |
| 0:29.0 | It is always to have you along. |
| 0:31.0 | Everybody, there will be, this week, a veritable cornucopia of monetary policy |
| 0:37.0 | tea leaves to be read. |
| 0:39.0 | They will come, those tea leaves will, courtesy of no less than 14, |
| 0:44.0 | count them 14 speeches by officials of the Federal Reserve. |
| 0:48.0 | Members of the Board of Governors in Washington, that is, |
| 0:51.0 | as well as a handful of presidents of regional banks today through Friday. |
| 0:54.0 | And without having heard them, |
| 0:57.0 | what can hazard a guess as to the general vibe, |
| 1:00.0 | rates are going to stay high for a while. |
| 1:02.0 | They're going to wait and see what the data says. |
| 1:04.0 | The economy is generally strong, lather, rinse, repeat. |
| 1:07.0 | But the fact of the matter is that the central bank having raised rates so fast |
| 1:11.0 | and so relatively high, |
| 1:14.0 | people in parts of this economy are being left to deal with the fallout, |
| 1:18.0 | to wit real estate. |
... |
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