U.S. President Donald Trump and China's President Xi Jinping arrive at a state dinner at the Great Hall of the People on November 9, 2017 in Beijing, China. Trump is on a 10-day trip to Asia. 
U.S. President Donald Trump and China's President Xi Jinping arrive at a state dinner at the Great Hall of the People on November 9, 2017 in Beijing, China. Trump is on a 10-day trip to Asia.  - 
Listen To The Story
Marketplace

In Beijing, President Donald Trump’s new threat to hike tariffs on Chinese goods has not gone over well. Stocks fell 5% in one Chinese stock exchange, 7.4% in another, and the currency tumbled. Politically, this puts Chinese leaders in a tough position. They want to end this trade war, but as we know, all politics — even in China — is local. And President Xi Jinping cannot afford to look weak before a domestic audience.

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 Scott Tong at @tongscott