Global News Podcast
Higher US tariffs on hold but China trade war grows
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.
29:29
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Quick takeaways
- Trump's temporary 90-day pause on higher tariffs creates uncertainty for businesses amid unpredictable trade policies and escalating tensions with China.
- The trade war with China intensifies as new tariffs reach 125%, revealing the complexities of domestic politics versus international economic relations.
Deep dives
Tariff Changes and Market Reactions
Donald Trump has paused most higher tariffs for 90 days on various countries while significantly increasing import duties on Chinese products to 125%. Following this announcement, stock markets experienced a surge, easing investor fears after recent market turmoil. Trump claims his trade strategy aims to enhance the U.S. economy, asserting that countries are willing to negotiate. However, Democrats criticize his fluctuating policies as chaotic and reckless, raising concerns about the potential long-term impact on economic stability.
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