Tariffs What Are They Good For - Planet Money April 2 Flashcards
Noun + Compound Noun
- a country’s population
- a bedrock theory (in)
- comparative advantage
- case (for)
- trade-offs
- end goal
- passenger car
- venture
- gambit
- infant industry / young industry
- import ban
- industries of the future
- national security goal/interest
- microchip
- premium (= an additional amount of money, above a standard rate or amount)
- playing field
- worldview
- blockbuster (= a book or film that is very good or successful)
- academic literature
- manufacturing job
- trade deficit
- trade imbalances
- senior fellow (= a highly experienced or distinguished expert or scholar affiliated with a university, research institute, or think tank)
- monetary policy
- agenda
- a shift (towards)
- government-managed economy
- financialized economy
- consolation prize
- taxation (= money collected from taxes)
- trade retaliation
- roll-out (= an occasion when a new product is made available for people to buy or use)
- (on) commercial flights
- a form of power
- deportation flight
- trade partners
- bullying tactic
- private sector
- incentive
gambit: a clever action in a game or other situation that is intended to achieve an advantage and always involves taking risks
agenda: 1. a list of problems or subjects that a government, organization etc is planning to deal with 2. the ideas that a political party thinks are important and the things that party aims to achieve
the roll-out of many of these tariffs has been a little chaotic
Verb + Phrasal Verb
- fit into
- buy into (an idea)
- push (for)/(to do) sth
- pitch in (= to join others and pay part of the money towards something)
- nurture
- prop up (= to help an economy, industry, or government so that it can continue to exist, especially by giving money)
- nourish
- come around (to)
- gut (= to change something by removing some of the most important or central parts)
- bounce back (= to feel better quickly after being ill, or to become successful again after failing or having been defeated) [SYN] recover
- rev up
- deter sb from (doing) sth
- incentivize
- be oriented to/toward/around sth (= to give a lot of attention to one type of activity or one type of person)
- offset
- bail out
- account for (= to form a particular amount or part of something)
- renege (= to not do something you have promised or agreed to do)
- empower
buy into: to accept that an idea is right and allow it to influence you
push: to try to persuade people to accept your ideas, opinions etc in order to achieve something
nurture: 1. to help a plan, idea, feeling etc to develop 2. to feed and take care of a child or a plant while it is growing
nourish: 1. to give a person or other living thing the food and other substances they need in order to live, grow, and stay healthy 2. to keep a feeling, idea, or belief strong or help it to grow stronger
come around (to): to change your opinion so that you now agree with someone or are no longer angry with them
if you rev up a system or organization, or if it revs up, it becomes more active
Adjective + Adverb
- protectionist
- pro-tariff
- canonical (= standard, recognized as typical, or authoritative)
- societal (= related to or involving society)
- uneconomic
- egregious
- sweeping (= affecting many things, or making an important difference to something)
- partisan (= strongly supporting a particular political party, plan, or leader, usually without considering the other choices carefully)
- empirical (= based on scientific testing or practical experience, not on ideas) [OOP] theoretical
an egregious mistake, failure, problem etc is extremely bad and noticeable
Collocation (verb + noun)
- build an automobile manufacturing business
- place an order (with sb for sth)
- take off (= remove) tariffs/ import ban/ subsidies
- manipulate the currency
- exploit workers
- correct the (trade) imbalance
- recognize an opportunity
- redirect the spending
- rebalance the budget
- raise revenue
- improve the problem
- reach an understanding
- liberalize the trading rules
- demand freedom
Collocation (adj+noun)
- economic tools
- economic worldview
- dominant voices (in)
- protectionist policy
- canonical example
- harsh world
- societal resources
- domestic industry
- unfair advantage
- global marketplace
- unfair trade practices
- distinct drift (in)
- global workforce
- excess consumption
- stated goal
- comparatively cheaper
- best-case scenario
- (the transition from) current setup
Phrase + Idiom
- sent a chill down sb’s spine
- in the aggregate (= as a group or in total)
- within/in the orbit (= the area of power and influence of a person, an organization etc ) of sth
- be successful on your own
- play by the rules
- level the playing field
- on board with
- be held in reserve
- be (all) to the good (= used to say that something that happens is good, especially when it is in addition to or as the result of something else)
level the playing field: to make a situation in which people are competing fair, with no one having special advantages
on board with: in agreement with a particular course of action, especially so that you get involved with it
The looming tariffs have sent chills down the spines of many economists around the world.
What can they be good for?
They had a ways to go.
The idea behind the infant industry tariffs is they have to be temporary.
There’s a big debate in economics about the infant industry argument.
The Trump administration has more ideas.
For this to work …
His approach to tariffs feels like it’s about something bigger than that.
Manufacturing jobs provide ladders to the middle class for people without a college education.
to accept higher prices with the hope of eventually bringing back some of those good jobs.
compete on the global stage
The policy will have cost even for American manufacturers.
That uncertainty has a cost.
We could see empirically what the effect was of similar policies.
at an average cost to the US customers of more than 800,000 dollars per job, even after accounting for the revenue raised from the tariffs.
There is this whole other side to the way Trump is using tariffs.
It was short lived.
the thinking goes
一种表达方式，用来引出一种观点、逻辑或普遍的看法
