

The great brawl: China v America
39 snips Apr 11, 2025
This discussion features Don Weinland, a China business and finance editor, Tom Nuttall, the Chief Germany Correspondent, and Anne Rowe, Obituaries editor at The Economist. They dive into the escalating U.S.-China trade war and its global economic implications, analyzing tariffs and their effects on supply chains. The conversation shifts to Germany's political landscape, highlighting Friedrich Merz's new coalition government. Additionally, they reflect on the vital, yet overlooked, contributions of women at Bletchley Park during WWII.
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Escalating Trade War
- The US-China trade war has escalated with both countries imposing significant tariffs.
- Investors are reacting to the market volatility by moving towards safer assets like gold.
Trade Imbalance and Retaliation
- The US-China trade primarily revolves around US imports from China, creating a trade deficit.
- China retaliated with export restrictions on rare earths and an 'unreliable entities list' targeting US companies.
Deal Prospects
- A near-term trade deal is unlikely due to differing expectations and China's experience with previous trade wars.
- China is now more diversified in its trade, reducing reliance on the US market.