How is global trade shifting amid the US tariffs war?

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• 00:05

  And welcome to Business Matters.

• 00:06

  I'm Roger Hearing.

• 00:07

  On the programme today, how China is benefiting from the US handling of its trade relations,

• 00:13

  cheaper Russian oil and cheaper Brazilian soybeans.

• 00:17

  Also, a report on the plight of the US coffee industry,

• 00:20

  how pump and dump shares have cost investors millions,

• 00:25

  and how horse racing in the UK is going on strike over the way it could be taxed.

• 00:31

  And I'll be joined throughout the programme by two guests on opposite sides of the world.

• 00:34

  Jessica Kine, business consultant, who's joining us from Kuala Lumpur.

• 00:40

  Jessica, a very good morning to you.

• 00:42

  A very good morning, Roger.

• 00:44

  I am sitting in Penang, though, today, not in Kuala Lumpur.

• 00:48

  Sorry.

• 00:48

  Apologies to both Kuala Lumpur and Penang.

• 00:50

  And great to have you with us wherever you're from.

• 00:53

  Thank you.

• 00:54

  And also, on the other side of the world, Alexander Kaufman,

• 00:57

  a reporter and the author of the newsletter,

• 01:00

  Field Notes on Substack, who's joining us online from New York.

• 01:03

  Alexander, very good evening to you.

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