Newscast
Trump’s Tariffs: US vs China
Apr 7, 2025
Joining today are Simon Jack, BBC Business Editor known for his keen economic insights, and Gillian Tett, Financial Times columnist and economic policy expert. They dissect the potential trade war escalation between the US and China, highlighting its impact on global stock markets and the UK car industry. The duo explores Trump's evolving economic strategies, including protectionism and tariffs, while addressing the complexities of corporate interests and the push for American self-sufficiency. It's a deep dive into economic turmoil and its far-reaching consequences.
32:37
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Quick takeaways
- Trump's new tariffs have led to significant declines in global stock markets, raising fears of a potential recession affecting international trade.
- The UK Prime Minister's commitment to protect British industries highlights the balancing act between securing affordable consumer goods and supporting local businesses amid trade tensions.
Deep dives
Impact of Trump Tariffs on Global Markets
The announcement of new tariffs by President Trump has resulted in significant declines in global stock markets, prompting fears of a potential recession. Markets experienced one of their worst days since the COVID-19 pandemic, raising alarm among investors and economic experts alike. Observers noted that the volatility of markets is often an indicator of economic health, and the current situation has led analysts from major investment firms to increase their predictions of recession likelihood. This reflects a growing concern that continuous market instability could have broader economic repercussions, specifically in sectors reliant on international trade.
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