Will tariffs boost U.S. manufacturing?

Marketplace

American Public Media

Business, News

4.6 • 8K Ratings

🗓️ 24 March 2025

⏱️ 26 minutes

🔗️ Recording | iTunes | RSS

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Summary

The Donald Trump administration wants to strengthen U.S. manufacturing with tariffs on imported goods. We look at the latest purchasing managers report to see if new trade policies have made an impact. Also in this episode: Homeownership rates stall for Gen Z and millennials, shakeups at Fannie Mae and Freddie Mac, and Baltimore’s new Francis Scott Key Bridge design takes shape.

Transcript

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0:00.0	On the program today, tariffs, the housing market, and college admissions.
0:07.9	We report, you decide.
0:10.1	From American public media, this is Marketplace.
0:19.0	In Los Angeles, I'm Kyle Rizzdahl.
0:25.4	It is Monday today, the 24th of March.
0:28.1	Good as always to have you along, everybody.
0:30.3	All right, quick.
0:31.8	Tell me President Trump pulled back on his tariff threats even a little bit without telling me that President Trump pulled back on his tariff threats even a little bit without telling me that President Trump
0:39.2	pulled back on his tariff threats even a little bit. Were you to show me a chart of what the
0:44.6	major stock indexes did to start the week? That would be a good response. Asked about his
0:49.6	promised reciprocal tariffs set to go into effect next week. The president said this, quote,
0:54.6	I may give a lot of countries breaks. Traders needed no further encouragement than that and
1:00.6	equities were off to the races. We here, however, prefer data to understand where this economy
1:07.1	might be going. And we got it this morning in the form of the S&P Global Purchasing
1:12.0	Managers Index, which marketplaces Brie Benshore, spend his day reporting on.
1:18.1	If you ask businesses in the service economy, the diners, the hair salons, how they are doing
1:22.7	in March, in general, they say better than January and February, which were terrible. Terrible
1:27.4	because of terrible weather.
1:28.8	Polar vortexes, snowstorms in the south.
1:31.2	You know, your tourism sectors, restaurants and so forth is people not wanting to go out.
1:37.0	Chris Williamson is chief business economist at S&P Global Market Intelligence.
1:40.6	S&P Global puts out the PMI.
	...

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