You're about to get a preview of a premium Guide. Guides are a feature of theSkimm App that make it easier to go down a rabbit hole on the biggest issues in your newsfeed. They go beyond what you see in the Daily Skimm to give you the history and context of everything from climate change to artificial intelligence to the rising cost of college. Plus, they include exclusive audio stories just for app subscribers.
Two of the world's biggest economies are at war. A trade war that is. And they’re trying to talk things out.
President Trump has been calling for people to pay attention to China and its trade practices since long before he entered the White House. Now that he's there, he's taking up the issue. According to the Trump admin, it's that China says the country has been very unfair with its trading practices – specifically accusing China of unfairly getting access to US intellectual property.
Tariffs. On tariffs. Quick reminder: tariffs are taxes charged on foreign imports. So here’s an example: Imagine a country puts a 20% tariff on an imported dishwasher. If the price set by the exporter is $600, there would be an additional tariff of $120, making the total import price $720. And tariffs are paid to the government by companies buying the imports. And many importers of Chinese goods are US companies.
A lot more. It officially started in March last year with the Trump admin hitting pretty much every country with tariffs of 25% on steel imports and 10% on aluminum imports – which Trump said would protect US workers from foreign competition. Then, China retaliated with tariffs on about $3 billion worth of US goods. Since then, neither side blinked. Until late last year, Trump and Chinese President Xi Jinping said 'why can’t we be friends.' That meant putting new tariffs on hold while the two countries tried to negotiate a new deal.
We go into some of the main ones and the impact it has on you in theSkimm app. Every week, the app goes deep on a different news topic to give you the context you need to understand the headlines. Download the app now, and you get the first week free.
Sign up for the Daily Skimm email newsletter.
Delivered to your inbox every morning and prepares you for your day in minutes.
Climate change news can be hard to keep up with. And there’s been a lot of it lately. So we asked our app users to text us their biggest questions this week. We put together an exclusive Skimm with the answers. Here’s a preview:
President Trump is now the only sitting US president to meet with a North Korean leader not just once, but twice.
The Supreme Court is ready to take on more cases for its 2019-2020 term. But the 2020 election has led to calls for reform on the bench.