Global News Podcast

Higher US tariffs on hold but China trade war grows

24 snips
Apr 10, 2025
In this discussion, Stephen McDonnell, the BBC's Beijing correspondent with extensive insights into China's political landscape, delves into the escalating trade war between the U.S. and China. He reveals the complexities behind the recent tariff pause and its implications for global markets. The podcast also touches on the internal U.S. political responses and the pressures faced by businesses adapting to an unpredictable trade environment. McDonnell's analysis offers a crucial perspective on the stakes involved and the uncertain future of international trade relations.
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INSIGHT

Tariff Impact

  • Donald Trump paused tariff increases for countries that didn't retaliate, but increased tariffs on China to 125%.
  • This caused stock markets to surge after initial falls.
INSIGHT

Business Uncertainty

  • Trump's tariff policies create uncertainty for businesses.
  • This makes investment and trade decisions difficult, as future tariff rates are unpredictable.
INSIGHT

China's Retaliation

  • China previously retaliated against US tariffs by increasing its own import taxes on US goods.
  • The current high tariffs make trade between countries damaging, putting pressure on both sides.
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