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Marketplace All-in-One

What will Trump's trade war do to labor productivity?

Marketplace All-in-One

Marketplace

News, Business

4.81.3K Ratings

🗓️ 1 May 2025

⏱️ 28 minutes

🧾️ Download transcript

Summary

An upward climb in labor productivity has been a promising economic trend over the past few years. That’s important because productivity drives overall economic growth. But President Trump’s trade war, which is causing many businesses big and small to hold off on major investments, could cause that productivity to stagnate. Also in this episode: Coca-Cola reports stronger-than-expected earnings, the GOP wants EV owners to pay for road maintenance costs usually covered by a gas tax and the Sunbelt housing market turns lukewarm.


 

Transcript

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1:01.0

On the program today, oh, nothing much. Just the global economy and how to manage it. From American

1:08.8

public media. This is Marketplace.

1:22.0

I'm Kyle.

1:23.1

I'm Kyle. Rizdahl. It is Thursday. Today, the first to make it as always to have you along, everybody.

1:27.4

First of all, good news. No math or formulas in the program today. Second of all, though, we're going to do a bit of a big think as a way to get going. prompted by something Treasury Secretary Scott Besson said in a speech last week, the theme of which was rebalancing the global economy.

1:46.1

Nowhere is the imbalance I mentioned earlier more obvious than in the world of trade.

1:52.4

That's why the United States is taking action now to rebalance global commerce.

1:58.4

That action, of course, is tariffs on virtually every country in the world,

...

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