The Beijing Hour Asian markets tumble amid U.S. tariff disruptions
Apr 7, 2025
Guest Zhao Yunfei, a trade policy expert, discusses the ripple effects of U.S. tariffs on Asian markets, specifically highlighting major declines in Chinese and Japanese stock indices. He explains China's pushback against what it sees as unfair trade practices and emphasizes the threat these tariffs pose to global economic stability. The conversation also touches on innovative shopping experiences during China's Qingming Festival and the broader implications for international trade and employment, particularly in industries like automotive and wine.
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Tariff Impact on Asian Markets
- U.S. President Donald Trump's new tariffs caused Asian stock markets to plunge.
- Multiple indexes experienced significant drops, impacting China, Japan, and South Korea.
China's Response to Tariffs
- China accuses the U.S. of undermining global trade rules with its tariffs.
- Multiple Chinese chambers of commerce have denounced the new tariffs.
China's Countermeasures
- Zhao Yunfei discusses China's stance on U.S. tariffs, labeling them as unilateralism and protectionism.
- China's response includes additional tariffs on U.S. imports.