China, an Alabama Business and a 20-Year Battle

Milton Magnus, an Alabama businessman who runs one of the last makers of wire hangers in the U.S., has waged a decades-long tariff battle against Chinese manufacturers to try to stay afloat. We hear from Magnus and we talk to Chao Deng about th e effectiveness of tariffs as the trade tool becomes more popular with politicians.  Further Listening: -Why China Is Risking a Trade War  -The Fight Over U.S. Steel and the Community Caught in the Middle  Further Reading: -The Family Business in Alabama That Fights China for Survival  Learn more about your ad choices. Visit megaphone.fm/adchoices

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The most important stories about money, business and power. Hosted by Kate Linebaugh and Ryan Knutson, with Jessica Mendoza. The Journal is a co-production of Spotify and The Wall Street Journal. Get show merch here: https://wsjshop.com/collections/clothing