World Business Report US-China trade talks: What’s up for grabs?
Jun 10, 2025
Michael Hart, President of the American Chamber of Commerce in China, and Theo Leggett, International business correspondent, dive into the intricate dynamics of US-China trade talks. They cover the mounting non-tariff barriers impacting businesses on both sides and the vital role of rare earth exports. The discussion shifts to the UK's ambitious nuclear project, highlighting energy security issues post-Ukraine invasion. The crisis in Japan's rice supply reveals how inflation disrupts cultural staples, showcasing the interconnectedness of global markets.
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Rare Earth Export Controls Impact
- Export controls on rare earth minerals are causing supply chain disruptions for US businesses reliant on China. - These minerals are critical for automotive and electronics manufacturing, with 75% of surveyed businesses having only three months or less of supply left.
US-China Trade Interdependence
- US-China trade tensions have constrained supply chains and elevated tariffs, but complete decoupling is unlikely. - Both countries remain deeply embedded in global manufacturing and must find ways to collaborate despite challenges.
Brewery Feels Tariff Effects
- Leanne Darland of Talea Brewery describes how tariffs have increased costs on raw materials and shipping. - This inflation alongside tariffs depresses consumer spending, causing the brewery's first sales decline since starting five years ago.