Corn grows on a farm on July 13, 2018 near Tipton, Iowa. Farmers in Iowa and the rest of the country, who are already faced with decade-low profits, are bracing for the impact a trade war with China may have on their bottom line going forward.
Corn grows on a farm on July 13, 2018 near Tipton, Iowa. Farmers in Iowa and the rest of the country, who are already faced with decade-low profits, are bracing for the impact a trade war with China may have on their bottom line going forward. - 
Listen To The Story
Marketplace

As of this week, there are some tariffs around the world that are falling. Six Pacific Rim nations, including Japan, Australia and Mexico, are lowering tariffs for a number of products and services, with five other countries set to join in once their governments formally ratify the deal. Notably absent from the party? The United States. Outside the deal, American farmers will face higher tariffs and trade barriers to key markets around the world.

Click the audio player above to hear the full story.

“I think the best compliment I can give is not to say how much your programs have taught me (a ton), but how much Marketplace has motivated me to go out and teach myself.” – Michael in Arlington, VA

As a nonprofit news organization, what matters to us is the same thing that matters to you: being a source for trustworthy, independent news that makes people smarter about business and the economy. So if Marketplace has helped you understand the economy better, make more informed financial decisions or just encouraged you to think differently, we’re asking you to give a little something back.

Become a Marketplace Investor today – in whatever amount is right for you – and keep public service journalism strong. We’re grateful for your support.

Follow Justin Ho at @justinterrellho