China not to back down on U.S. tariff threats: ministry
Apr 8, 2025
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The podcast dives into China's firm stance against U.S. tariff threats, labeling them as economic bullying. It weighs the impact of these tariffs on American farmers and global trade dynamics. Listeners learn about skepticism from Israeli protesters regarding U.S.-Israeli negotiations on prisoner releases. Additionally, South Korea's political landscape is explored, with the announcement of an upcoming presidential election amid national upheaval. The discussion also touches on severe floods in Kinshasa and highlights the booming e-commerce sector in China.
59:45
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Quick takeaways
China is firmly against U.S. tariff threats, viewing them as economic bullying and asserting its commitment to protect national interests.
U.S. farmers, especially in the soybean industry, are experiencing significant market disruptions due to ongoing trade tensions with China.
The European Union is preparing tariffs on American goods while also proposing a zero-tariff deal to resolve escalating trade disputes.
Deep dives
China's Countermeasures Against U.S. Tariffs
China has announced its intention to implement countermeasures in response to potential new tariffs imposed by the United States. The U.S. has threatened an additional 50% tariff on Chinese imports unless China lifts its own tariffs on U.S. goods, which Beijing considers a form of economic bullying. China's Commerce Ministry has firmly asserted that these tariffs are unfounded and has called for mutual dialogue over unilateral actions. The foreign ministry has emphasized the importance of preserving China’s legitimate interests and has expressed a commitment to push back against what it views as aggression from the U.S.
Impact on U.S. Farmers and Small Businesses
U.S. farmers, particularly those in the soybean industry, have voiced concerns about the adverse effects of the ongoing trade tensions. As tariffs disrupt established supply chains, farmers like Kayla Breglund of the American Soybean Association have noted the difficulty in finding new markets for their products in a short timeframe. Small business owners, especially those reliant on imports from China, fear passing on increased costs to consumers could hurt their sales. Observations from California's Chinese-American business community reflect widespread apprehension regarding how high tariffs may ultimately burden consumers and exacerbate the struggles of small enterprises.
European Union's Response to U.S. Tariffs
The European Union has indicated a strategic response to the U.S. tariffs by planning its own tariffs on American goods, but is simultaneously seeking to negotiate a resolution. The EU has proposed a zero-tariff deal to resolve the trade tensions, while also preparing for the imposition of tariffs on a range of U.S. products. The trade relationship between the EU and the U.S., worth approximately $380 billion, faces significant strains due to these tensions. EU negotiators are looking at diversifying trade agreements with other nations to insulate themselves from potential fallout.
Israeli Protests Amid U.S. Diplomacy Efforts
In Israel, protesters have gathered as Prime Minister Netanyahu met with U.S. President Trump to discuss issues related to the ongoing conflict in Gaza. Many demonstrators feel that the meeting's outcomes are unlikely to address their primary concern—securing the release of hostages held by Hamas. Amid the backdrop of their domestic turmoil, citizens are skeptical about foreign diplomatic efforts providing tangible benefits. Calls from various international leaders for a ceasefire and negotiations reflect a broader regional concern over the humanitarian situation in Gaza.
China’s Commitment to UN Peacekeeping and Regional Stability
China has reaffirmed its support for United Nations peacekeeping operations in light of recent international challenges. During a UN Security Council briefing, China reiterated the need for innovative solutions to tackle evolving global conflict scenarios and proposed enhancing technological use in peacekeeping efforts. With a significant contribution of troops and financial resources, China stresses the importance of adaptable peacekeeping to meet contemporary demands. The country aims to foster stability in regions facing unrest, signaling its commitment to playing a proactive role in global diplomacy.
Chinese authorities have expressed determination to protect the country's interests in the face of U.S. tariff threats, calling them an act of bullying and protectionism (01:02). Protesters doubt if the meeting between Israeli Prime Minister Benjamin Netanyahu and U.S. President Donald Trump will help reach a hostage release deal (15:20). And South Korea has confirmed June 3 as the date for the next presidential election (22:36).
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