The Briefing
China announces US tariffs and the firing of the Vatican’s ‘Romeo and Juliet’
Feb 4, 2025
Isabel Hilton, founder of China Dialogue and expert on China, and Petri Bertsoff, Monocle's Helsinki correspondent, dive into pressing global issues. They discuss China’s new tariffs on US goods, underlining the escalating trade tensions. Hilton illuminates Africa’s burgeoning digital economy as a ripe investment opportunity. Bertsoff highlights the culturally rich impact of the Moomins and shares insights on the intriguing civil trial involving the Vatican's 'Romeo and Juliet,' blending geopolitics with captivating narratives.
35:18
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Quick takeaways
- China's retaliatory tariffs on US goods reflect escalating trade tensions, impacting critical industries and prompting national security implications.
- The Vatican's controversial policy banning workplace marriages raises questions about personal and professional boundaries within religious institutions.
Deep dives
China's Tariff Retaliation
China has implemented counter tariffs on American imports in response to recent tariffs imposed by the United States. The tariffs from the US include a 10% levy on Chinese goods, which prompted China to retaliate by targeting US coal, oil, and liquid natural gas imports. Additionally, China has placed the American clothing company PVH Group on a national security blacklist, affecting their operations. The situation reflects a broader pattern of tit-for-tat actions between the two nations, with China also enacting export restrictions on rare metal products critical for US industries.
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