Wake Up to Money cover image

Wake Up to Money

Hitting the books

Mar 10, 2025
Nicola Hughes, owner of Saks Hair Salon in Chester, shares her take on how economic events shape local businesses. She discusses the impact of trade tensions on consumer behavior. Han Lin, China country head at The Asia Group, dives into the Chinese economy's response to the US-China trade war, shedding light on domestic demand and infrastructure developments. Together, they explore the interconnectedness of international trade and its effects on everyday life, alongside the emerging trends in the book industry.
51:37

Podcast summary created with Snipd AI

Quick takeaways

  • The book industry is experiencing a significant resurgence, with sales of audiobooks, e-books, and physical books all increasing dramatically.
  • The U.S.-China trade war is intensifying, causing tariff retaliations that are likely to affect global supply chains and inflation rates.

Deep dives

Mark Carney's Appointment as Canadian Prime Minister

Mark Carney has been appointed as the new Prime Minister of Canada, succeeding Justin Trudeau, after winning 85% of the vote within the Liberal Party. Known for his tenure as the former Governor of the Bank of England, Carney has been labeled the ‘unreliable boyfriend’ due to his cautious approach to interest rates. His administration is expected to take a firm stance against U.S. tariffs imposed by Donald Trump, which Carney argues are detrimental to Canadian jobs and businesses, especially in light of recent escalations in the U.S.-Canada trade war. This challenging political landscape sets the stage for Carney as he must navigate relations with the U.S. while addressing domestic issues.

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