Tariffs have fallen....but is the trade war over?

关税已降低……但贸易战结束了吗?

World Business Report

新闻

2025-05-12

26 分钟
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单集简介 ...

The US and China have agreed a deal that will significantly cut the import tariffs, or taxes, both sides have imposed on one another for a 90-day period. We hear the reaction from Chinese business owner, the former undersecretary for international trade at the US Department of Commerce and a trade analyst. You can contact us on WhatsApp or send us a voicenote: +44 330 678 3033.
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单集文稿 ...

  • Hello and welcome to World Business Report on the BBC World Service.

  • I'm Will Bain.

  • Great as always to have your company on the programme.

  • Today then, a 90-day trade truce.

  • But the key question now,

  • is this the beginning of the end for the trade tariff uncertainty or just that, just a pause?

  • Over the next half hour here on World Business Report, we're going to try and explore just that,

  • including a sigh of relief for some exporters, for now at least.

  • Looking further ahead, though, this is only a 90-day reprieve,

  • and I have no idea how things will shake out in 90 days.

  • Yeah, we'll have plenty more reaction from China and from the United States as well.

  • And we'll look at how it's impacting company shares and stock markets all around the world,

  • because that too is a big part of the story, as we were hearing in the news headlines there.

  • Bill Blaine of Shah Capital in London standing by to walk us through all of that and tell us what we need to know.

  • But let's get straight to the US,

  • because in the past few minutes, President Trump has been speaking.

  • The talks in Geneva were very friendly.

  • The relationship is very good.

  • We're not looking to hurt China.

  • China was being hurt very badly.