4.8 • 1.3K Ratings
🗓️ 15 May 2025
⏱️ 10 minutes
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From the BBC World Service: Beijing has announced a 90-day pause of its tariff measures, which had banned dozens of American companies from trading with Chinese firms. Now, companies are rushing to ship products before that 90-day window closes. Plus, the Eurovision Song Contest is the world's biggest TV show. The annual event is taking place this week in Switzerland, with hundreds of thousands of fans already massing in the host city of Basel. We'll learn about the economic impact.
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0:00.0 | With tariffs on hold, Chinese production springs back into life for a trade rush with the US, |
0:07.1 | live from the UK. This is the Marketplace Morning Report from the BBC World Service. |
0:11.5 | I'm Stuart Clarkson in Fort Leanna Byrne today. Good morning. |
0:14.8 | So after the US pause on tariffs for China, Beijing has now announced a 90-day pause |
0:20.0 | of its reciprocal trade ban for dozens of |
0:22.6 | American companies. Figures, meanwhile, show bookings have shot up almost 300% for container |
0:28.4 | transport between China and the US since Monday's pause on tariffs. And there's a suggestion |
0:33.5 | that could rise further as firms look to ship products out of China before the 90 days |
0:37.9 | is up. Rolf Haban Janssen is the chief executive at container carrier Hapag Lloyd. For now, most of the |
0:44.4 | Chinese factories will try to get the cargo out that they have stored, as many of them have not |
0:49.8 | shut down production. What happens after that? Very difficult to predict, but that really depends on what comes out of those trade talks between China and the US. |
0:57.8 | Well, just a few days ago, shipments from China to the US were almost at a standstill. Now, companies are busier than ever, as the BBC's Laura Bicker reports. |
1:07.3 | I'm in southern China in Guangdong province and the sound that you hear behind me |
1:11.6 | is a sofa being compressed, |
1:15.3 | boxed up and ready to be shipped to the United States. |
1:18.9 | Production here has restarted |
1:21.7 | after several months of a pause |
1:24.1 | since Donald Trump's Liberation Day |
1:26.0 | when the boss had to tell his employees to go home. |
1:32.4 | Our factory stopped production. We put workers on leave because our main market is the United States. |
1:39.9 | He has now called his workers back to restart his sofa business. |
1:46.1 | The factory is springing to life. |
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