Walmart: US largest retailer set to increase prices

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• 00:05

  Hello and welcome to Business Matters here on the BBC World Service.

• 00:10

  Plenty coming up on the programme.

• 00:12

  We're going to be looking at Donald Trump's calls for Apple not to build any more factories in India,

• 00:18

  move away from China, bring them all back to the US.

• 00:20

  Is that actually possible?

• 00:22

  We'll be looking at the latest economic data coming out of Japan.

• 00:26

  That is not very good indeed.

• 00:28

  With us to guide us through the program, we have Alison von Diglen,

• 00:32

  host of Fresh Dialogues, based in Silicon Valley.

• 00:35

  Alison, Silicon Valley, of course, famed for innovation.

• 00:38

  We're seeing a lot of innovation coming out of China.

• 00:40

  So the news that the big car company, BYD, setting up in Hungary, first European venture for them,

• 00:47

  that's quite big news and shows how quickly the Chinese have developed in that market.

• 00:53

  Indeed, yeah.

• 00:54

  BYD has been rapidly closing in on Tesla.

• 00:58

  And yeah, it's the number one now.

• 01:01

  But here in Silicon Valley, there's a lot of uncertainty in the business world.

• 01:04

  The on-again, off-again tariffs, policies that are stimulating inflation, fear and uncertainty.

• 01:11

  Silicon Valley tech workers are using a fearful word that they weren't using at all last year,

• 01:16

  recession.

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