Economist Podcasts
Mine craft: US-Ukraine resource deal
May 1, 2025
Chris Lockwood, Europe editor at The Economist, and Don Wineland, China business and finance editor at The Economist, dive into a groundbreaking U.S.-Ukraine resource agreement that reshapes geopolitical dynamics. They discuss how this deal establishes a joint investment fund and impacts future relations amidst conflict with Russia. The conversation shifts to the ripple effects of U.S. tariffs on Chinese imports, affecting consumer goods and fast fashion. They also explore the enduring charm of Art Deco and its relevance in modern design, offering a touch of glamour during tough times.
23:10
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Quick takeaways
- The U.S.-Ukraine resource deal demonstrates a strategic partnership aimed at stabilizing Ukraine's mineral assets while enhancing long-term security.
- New tariffs on Chinese goods will challenge retailers relying on low-cost imports, reshaping the competitive landscape of American consumer markets.
Deep dives
Ukraine's Minerals Deal with the U.S.
A new agreement between Ukraine and the United States aims to establish an investment fund for Ukraine's critical minerals, including hydrocarbons and rare earths. This deal, following a tense back-and-forth between President Zelensky and former President Trump, signifies a commitment from the U.S. to support Ukraine amid ongoing conflicts. The funding structure has been adjusted to ensure future U.S. contributions are not offset by past military assistance, fostering a more positive investment environment. The hope is that this partnership will not only secure Ukraine's mineral assets but also strengthen the country’s long-term stability and security.
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