We're sunsetting PodQuest on 2025-07-28. Thank you for your support!
Export Podcast Subscriptions
cover of episode US and China: Who will blink first?

US and China: Who will blink first?

2025/4/24
logo of podcast World Business Report

World Business Report

AI Chapters Transcript
Chapters
The US and China are locked in a trade war with neither side willing to back down. China demands the US remove tariffs before talks can resume, while the US seems unlikely to do so. Both economies face significant consequences, including potential recession and job losses. A third party, like Europe, may be needed to mediate and establish appropriate rules of conduct.
  • China demands the US remove tariffs before trade talks can resume.
  • The US administration changes their requests and attitudes every single day.
  • Both countries are going to suffer a lot, China will suffer a lot in the short term because some 20 million Chinese employees per depend upon exports and they may lose their jobs.
  • The US may face inflationary pressures, companies won't be able to find spare parts, and there's the potential of a major recession.
  • The United States and China cannot solve this problem between themselves. You need a third party, potentially Europe.

Shownotes Transcript

China has said no to any trade talks until the US withdraws its tariffs, but which of the World's two superpowers will blink first and bring the growing trade war to a halt?

Rahul Tandon finds out how children's Christmas presents could fall victim to the US-China trade war, as President Trump's tariffs threaten to disrupt the global toys market.

As the situation in Kashmir develops and Pakistan suspends all trade with India, we hear from Uzair Younhis on what the economic impact will be on Pakistan if India suspends its water flow down the Indus River.

Meanwhile, there's concern for the survival of Africa's shea nut tree which provides an income for millions of women.

The latest business and finance news from around the world, on the BBC.