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Front Burner Where does Trump’s trade war go next?
22 snips
May 12, 2025 Daniel Desrochers, Politico’s international trade reporter, breaks down the complexities of the U.S.-China trade war. He discusses the recent high-stakes face-off in Geneva and the staggering tariffs imposed by both nations. Desrochers explains how these levies are choking off business and impacting industries, especially farmers and small retailers in the U.S. He also sheds light on the intricate web of trade negotiations and how countries like Canada and the UK are responding to shifting trade dynamics.
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Tariffs Halt U.S.-China Trade
- The U.S. and China trade war involves extremely high tariffs, 145% by the U.S. and 125% by China, essentially stopping trade.
- There is cautious optimism about talks in Geneva potentially leading to lowering tariffs, but the degree is uncertain.
Complex U.S. Concerns with China
- The U.S. grievances with China include intellectual property theft, overproduction and dumping, and transshipment to avoid tariffs.
- These issues intertwine with national security concerns and the growing power of China globally.
Business Struggles from Tariffs
- Businesses like Levi's stocked inventory before tariffs to cope, but small businesses lack this buffer.
- Toy manufacturer Joe Seymour shares how goods stuck in China have forced a business pause amid rising costs and supply disruptions.