Nick Miles

Yeah, so what the UK has is obviously the lowest tariff, that 10%, which is now the one that everyone apart from China has. But we also have this extra 25% tariff on steel, aluminium and cars. So what we're trying to do is the UK would like that 25% figure to go down, but they'd also like the minimum 10% figure to go around.

Yeah, so what the UK has is obviously the lowest tariff, that 10%, which is now the one that everyone apart from China has. But we also have this extra 25% tariff on steel, aluminium and cars. So what we're trying to do is the UK would like that 25% figure to go down, but they'd also like the minimum 10% figure to go around.

Although the White House thinking at the moment is, no, no, no, that 10% is not moving. The negotiations are over wider trade deals. that countries would potentially be having with the United States. I mean, what Keir Starmer has been saying from the beginning of all of this is we'll be calm, we'll be cool.

Although the White House thinking at the moment is, no, no, no, that 10% is not moving. The negotiations are over wider trade deals. that countries would potentially be having with the United States. I mean, what Keir Starmer has been saying from the beginning of all of this is we'll be calm, we'll be cool.

Let's not sort of, you know, tweet energetically as some European leaders did when obviously there was that bust up in the White House on the separate issue with President Zelensky. But behind the scenes, they're pretty nervous. They're nervous because it's a moment of peril for the UK, a potential trade war. But it's also a moment of peril for the world.

Let's not sort of, you know, tweet energetically as some European leaders did when obviously there was that bust up in the White House on the separate issue with President Zelensky. But behind the scenes, they're pretty nervous. They're nervous because it's a moment of peril for the UK, a potential trade war. But it's also a moment of peril for the world.

And they know that you have a very unpredictable president. You mustn't offend him. And it's interesting. We saw that cabinet meeting in the White House. It's been going on for about an hour. The cameras are in there. Every cabinet minister going around that table, Mr. President, you're doing so well. Mr. President, you're transforming our country.

And they know that you have a very unpredictable president. You mustn't offend him. And it's interesting. We saw that cabinet meeting in the White House. It's been going on for about an hour. The cameras are in there. Every cabinet minister going around that table, Mr. President, you're doing so well. Mr. President, you're transforming our country.

I mean, cabinet ministers in the US are always pretty deferential to the president. But this is at another level. You mustn't offend Donald Trump. So we're trying to be very careful.

I mean, cabinet ministers in the US are always pretty deferential to the president. But this is at another level. You mustn't offend Donald Trump. So we're trying to be very careful.

Well, yes. Is China going to build up its own domestic market? And there has been that fear that we could in this country be victims of dumping. Obviously, now that we have the same tariff rate as the European Union, that is obviously going to be changing those calculations. But it's interesting that the World Trade Organization put out a pretty bleak statement yesterday when it was assumed,

Well, yes. Is China going to build up its own domestic market? And there has been that fear that we could in this country be victims of dumping. Obviously, now that we have the same tariff rate as the European Union, that is obviously going to be changing those calculations. But it's interesting that the World Trade Organization put out a pretty bleak statement yesterday when it was assumed,

that the tariff on Chinese goods going into the United States was 125%. It's now 145%. They were talking about how that's, as you say, 3% of global change. It could have an enormous impact. And talking about the danger of the world splitting into these sort of geopolitical split giants, and that could take, they say, 7% out of world GDP. You're into that sort of territory.

that the tariff on Chinese goods going into the United States was 125%. It's now 145%. They were talking about how that's, as you say, 3% of global change. It could have an enormous impact. And talking about the danger of the world splitting into these sort of geopolitical split giants, and that could take, they say, 7% out of world GDP. You're into that sort of territory.

You're way beyond a recession. You're heading in depression territory. So, yes. And it's interesting. There was great happiness after there was that Donald Trump announcement yesterday. The stock markets were up. What's the story been in the last few hours? Stock markets down because people are thinking we've got the two biggest economies of the world. basically unable to trade with each other.

You're way beyond a recession. You're heading in depression territory. So, yes. And it's interesting. There was great happiness after there was that Donald Trump announcement yesterday. The stock markets were up. What's the story been in the last few hours? Stock markets down because people are thinking we've got the two biggest economies of the world. basically unable to trade with each other.

And interestingly, at the end of his statement yesterday, Donald Trump was saying, I know President Xi, I think he wants to have a deal, but he doesn't know how to do it. You suspected, actually, was Donald Trump saying that he, Donald Trump, wants to have a deal, but he, Donald Trump, may not know how to get out of this.

And interestingly, at the end of his statement yesterday, Donald Trump was saying, I know President Xi, I think he wants to have a deal, but he doesn't know how to do it. You suspected, actually, was Donald Trump saying that he, Donald Trump, wants to have a deal, but he, Donald Trump, may not know how to get out of this.

This is the Global News Podcast from the BBC World Service. I'm Nick Miles, and at 13.30 GMT on Thursday 10th April, these are our main stories. China says it won't back down in the face of a new 125% tariff imposed by President Trump. Sudan has taken its case accusing the UAE of complicity in genocide to the UN's top court.

This is the Global News Podcast from the BBC World Service. I'm Nick Miles, and at 13.30 GMT on Thursday 10th April, these are our main stories. China says it won't back down in the face of a new 125% tariff imposed by President Trump. Sudan has taken its case accusing the UAE of complicity in genocide to the UN's top court.