The long-running economic battle between the world’s two biggest economies has escalated.
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This week US President Donald Trump brought in tariffs against China in an effort to strong-arm the growing superpower into submission and strengthen American markets. But Beijing hit back, raising its own tariffs, escalating a trade war that could have implications for both countries. Trump is betting that tariffs will make America, and American people, richer. But does anyone win in a trade war?
In this episode, Lucy Hockings speaks to the BBC World Service Asia/Pacific editor Micky Bristow, and Ritika Gupta, a North America business correspondent, about why Trump loves tariffs and what impact a trade war between China and America could have on the global economy.
0:00 Donald Trump loves tariffs
1:28 What is a tariff?
2:31 What impact did Trump’s tariff plans have?
3:40 Tariffs and China
5:20 Why China doesn’t want a trade war
6:41 Trade war heating up
7:24 What tariffs on US has China announced?
8:10 How tariffs could impact Chinese economy
10:01 Can the US halt China’s economic rise?
11:54 Can the US and China reach a deal?
12:45 How could US consumers be affected?
13:54 Will Xi Jinping bend?
15:12 Nationalistic fervour
16:10 Goodbye
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