World Business Report How is China going to hit back in the US trade war?
9 snips
Jun 2, 2025 Tensions are rising again between the US and China, with allegations of trade truce violations sparking Beijing's potential responses. Canada is strategizing to boost internal trading amidst its own economic challenges with the US. Meanwhile, Lagos is pushing innovative transportation solutions, aiming to coax commuters onto the water to ease traffic. The podcast also highlights Paraguay's ambitions for tech growth powered by renewable energy and Nigeria's plans for electric ferries to improve urban mobility.
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China's Trade Truce Concerns
- China accuses the US of violating a trade truce specifically via export controls on AI chips and revoking Chinese student visas.
- China vows to retaliate and defend its interests, showing resilience due to its large domestic market.
Chip Tech at Trade War Center
- The US tightening export controls on chips is seen by China as an attempt to choke its tech innovation.
- China views the chip industry as vital and is prepared to escalate the trade conflict if necessary.
DeepSeek as Tech Resilience Example
- The success of DeepSeek shows that scarcity can drive innovation even under resource constraints.
- China uses DeepSeek as a key example that it can advance tech independently despite sanctions.