The Beijing Hour Global leaders criticize America's tariffs on steel, aluminum
Feb 12, 2025
Global leaders are voicing strong criticisms over the new U.S. tariffs on steel and aluminum, warning of potential trade wars. Meanwhile, tensions escalate as Israel threatens military action unless Hamas releases hostage. Celebrations continue in China with remarkable performances at the Asian Winter Games, coinciding with the vibrant Lantern Festival. The podcast also delves into the artistic heritage of Zigong lanterns, highlighting the cultural significance against a backdrop of geopolitical tensions.
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Global Trade Tensions
- Global leaders criticize Trump's 25% tariffs on steel and aluminum imports.
- A trade war seems inevitable, impacting major trade partners like Canada, Mexico, and the EU.
Mexico's Economic Dependence
- Mexico, a major metal supplier to the U.S., faces negative impacts from the tariffs.
- These tariffs exacerbate Mexico's existing economic dependence on the U.S.
Japan's Response to Tariffs
- Japan likely won't retaliate against U.S. tariffs due to close economic and military ties.
- Japan prioritizes maintaining a friendly relationship, given its significant investments in the U.S.