Will a 100% tariff bring chip manufacturing to America?

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• 00:09

  Hello and welcome to World Today, I'm Ding Hen in Beijing.

• 00:14

  Coming up, China's July exports' top expectations and imports recorded the biggest jump in a year.

• 00:21

  Donald Trump, the US president, threatens to levy 100% tariff on certain chip imports.

• 00:28

  We are going to explore why a film about Nanjing Massacre is dominating China's ongoing summer box office,

• 00:35

  and Italy has given final approval for a landmark Sicily Bridge project.

• 00:41

  To listen to this episode again or to catch up on our previous episodes,

• 00:45

  you can download our podcast by searching World Today.

• 00:53

  China's export growth in July sharply beat market expectations.

• 00:57

  In US dollar terms, exports climbed by 7.2% last month from a year earlier.

• 01:05

  Imports rose by 4.1% from a year earlier, marking the biggest jump since July 2024.

• 01:12

  In the first 7 months, China's overall foreign trade volume rose to nearly 26 trillion yuan,

• 01:19

  or some 3.6 trillion US dollars, an increase of 3.5%.

• 01:24

  The growth rate accelerated from a rise of 2.9%, registered in the first half year.

• 01:32

  So joining us now on the line is Professor Qu Qiang from Mingzhu University of China.

• 01:38

  So, thank you very much for joining us today, Professor Quqiang.

• 01:41

  First of all,

• 01:42

  do you think it is fair to say that China's exports have supported the economy strongly so far this year?

• 01:49

  Why or why not?

• 01:51

  I think the four treaties are absolutely one of the most important pillars towards the Chinese economy in the first seven months.

• 01:58

  I think the total volume for the foreign trade reached 26 trillion yuan,

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