Economist Podcasts
The great brawl: China v America
Apr 11, 2025
Join Don Weinland, China business and finance editor, Tom Nuttall, Chief Germany Correspondent, and obituaries editor Anne Rowe as they delve into the escalating trade tension between China and the U.S. They discuss the implications of tariffs and how investors are reacting to this conflict. The conversation shifts to Germany's political landscape with Friedrich Merz's new coalition government, navigating economic challenges. Plus, a poignant reflection on Betty Webb's contributions at Bletchley Park during WWII encapsulates the enduring legacy of secrecy and sacrifice.
26:45
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Quick takeaways
- The escalating U.S.-China trade conflict, with unprecedented tariffs and retaliatory measures, underscores the complexities of international economic relations and their implications for future negotiations.
- Germany's new coalition government under Friedrich Merz promises significant infrastructure investments despite skepticism about its potential effectiveness in reviving the economy and addressing European interests.
Deep dives
The U.S.-China Trade War Escalation
The trade conflict between the U.S. and China has reached a new level with significant tariff increases, as President Trump raises tariffs on Chinese goods to 145%, while China retaliates with its own duties on American imports. With $580 billion in trade between the two nations in 2024, the trade deficit heavily favors China, exacerbating tensions. The podcast outlines China's strategic tools, including potential restrictions on critical exports like rare earths, which are crucial for many U.S. technologies. The uncertainty in these economic relations raises questions about future negotiations, as differing expectations from both sides hinder the possibility of a swift resolution.
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