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The Beijing Hour
China announces tariffs on U.S. energy products
Feb 4, 2025
Lamin Fatih, a Gambian agricultural expert and lecturer, shares insights on the escalating trade tensions between China and the U.S., particularly focusing on China's new tariffs on American energy products. He discusses the effects on the Gambian economy, emphasizing the need for sustainable agricultural practices amid these global shifts. Lamin also highlights the promising collaboration between China and The Gambia, addressing food security challenges and the positive steps towards gender equality in agriculture, showing how these efforts could transform local communities.
59:45
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Quick takeaways
- China's retaliation against U.S. tariffs includes new tariffs on energy products, emphasizing the detrimental effects of trade wars.
- The surge in China's box office revenues and cinema visits highlights its growing influence and leadership in the global film industry.
Deep dives
China's Tariff Response to the United States
China has responded to a recent tariff hike implemented by the U.S. by announcing its own tariffs on various U.S. imports. This includes a 15% tariff on coal and liquefied natural gas, and a 10% tariff on crude oil, agricultural machinery, and large vehicles, slated to take effect soon. In retaliation, China's Commerce Ministry has initiated a lawsuit against the U.S. tariffs at the World Trade Organization and has added certain American companies to an unreliable entity list. The Chinese government's stance emphasizes that trade wars are detrimental and asserts there are no winners in such conflicts.
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Discover
highlights
Listen to the best highlights from the podcasts you love and dive into the full episode