Trump threatens to escalate trade war with China
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What are President Trump's latest trade war threats?
You're listening to the Global News Podcast from the BBC World Service. Hello, I'm Oliver Conway. This edition is published in the early hours of Tuesday 8th April. President Trump has ruled out any pause in his new trade policy, despite another day of turmoil on the markets. At the same time, he threatened to escalate the trade war with China. And at a news conference with the Israeli Prime Minister, he said the US is holding direct talks with Iran.
Also in this podcast, we found with the loss of these specific microbes that there was also an increase in cardiovascular disease and diabetes and obesity. So there seems to be a link between the two. So a loss of these microbes and an increase in cardiovascular risk.
Researchers say moving to a new country can lead to unhealthy changes in diet. Are the US tariffs permanent or could countries negotiate to get them lifted? President Trump said both outcomes could be equally true without specifying how. He was speaking at the White House alongside the Israeli Prime Minister Benjamin Netanyahu, the first world leader to visit since the tariffs were announced. Stock markets around the world have continued to struggle with big falls in Asia and Europe. In the US itself, the S&P 500 dropped sharply on opening. But for briefly rising a massive 8% on reports that tariffs might be paused. President Trump later dismissed those rumours.
We're not looking at that. We have many, many countries that are coming to negotiate deals with us and they're going to be fair deals and in certain cases they're going to be paying substantial tariffs. They'll be fair deals.
He also spoke about his threat to impose an additional tariff on China, taking the total to more than 100% after Beijing announced a reciprocal levy of its own on Friday.
With China, as you know, against my statement, they put a 34% tariff on above what their ridiculous tariffs were already. And I said, if that tariff isn't removed by tomorrow at 12 o'clock, we're putting a 50% tariff on above the tariffs that we put on. So they've gone for years. They've become a rich country because of people, again, that were in the White House that allowed this to happen.
So are the tariffs here to stay or will there be negotiations? A question for our New York business correspondent Erin Delmore.
It seems from the bilat that he just held with Prime Minister Benjamin Netanyahu of Israel that he's occupying both lanes at the same time, that he is open to negotiations, but that he also intends on holding firm and that this is not about negotiating. And so for me, as a journalist now, I look to see what the president does beyond what he says. And And what he has done in his meeting with Benjamin Netanyahu is apparently come to a deal. Netanyahu said that Israel will be eliminating the trade deficit with the United States. And he vowed to remove all trade barriers. So now we are looking to see how that holds up once that's been fully negotiated. And if we begin to see other agreements come forward or if the president and his advisors say that they are standing firm.
At the same time, the president announced his threat to impose additional tariffs on China. What is likely to be the impact of that?
It depends on how it moves forward. So certainly, and I'll run you through the back and forth that we've seen. You know, earlier this year, President Trump implemented 20 percent across the board tariffs on all Chinese goods coming into the United States. And again, we say as shorthand tariffs on China.
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Chapters
5 chapters
1
What are President Trump's latest trade war threats?
0:37–7:12
2
How are US-Iran relations evolving with the new talks?
7:12–10:36
3
What is the EU's response to US tariffs?
10:36–16:35
4
Why is piracy increasing off the coast of Somalia?
16:35
5
Who is Marcus Persson and how did he build Minecraft?
0:00–30:52