"China gives Trump the middle finger"
The News Agents
Global
4.2 • 4.3K Ratings
🗓️ 8 April 2025
⏱️ 34 minutes
🧾️ Download transcript
Summary
As Trump threatens to double the tariffs on China the trade war between two of the world's biggest economies is escalating. China has said it will "fight to the end". Trump says he will not back down. As each side raises the stakes, will Trump have to concede that he's made mistakes? Who will back down first? And how will this trade war affect the rest of the world?
Later, we speak to pollster Luke Tryl from More in Common about how all of this is going down with the voters in the UK - and how Starmer is coming out of all this mayhem.
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Transcript
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| 0:00.0 | The Newsagents podcast is brought to you by HSBC UK, opening up a world of opportunity. |
| 0:08.1 | This is a global player original podcast. |
| 0:11.6 | It was a big mistake, this Chinese escalation, because they're playing with a pair of twos. |
| 0:17.5 | Traditionally, if you look at the history of the trade negotiations, we are the deficit country. |
| 0:28.6 | So what do we lose by the Chinese raising terrorists on us? |
| 0:33.4 | That is Scott Bessent, the U.S. Treasury Secretary, and he's responding to China's warning |
| 0:38.8 | that they are going to fight to the end against fresh tariffs of 50%. |
| 0:45.2 | They are now locked in a trade war that's going to affect all of us. Who's going to blink first? |
| 0:51.8 | Call it a pissing contest. Call it a game of chicken. |
| 0:55.6 | Call it a game of poker, with each side raising the stakes ever higher. |
| 0:59.8 | This is China versus America. |
| 1:02.5 | The world's two preeminent superpowers. |
| 1:05.3 | There is the potential for enormous economic damage. |
| 1:09.3 | What's going to happen next? |
| 1:12.8 | Welcome to the news agents. |
| 1:22.6 | The news agents. It's John. It's Emily. It's Lewis. And the post last night on Truth Social from Donald Trump, where he says, right, well, screw you China, you do this to us, |
| 1:28.6 | we warn you, we're going to come back with even more tariffs, so that effectively, from today, |
| 1:34.8 | unless China blinks, backs down, folds, whatever, arm wrestles and collapses, |
| 1:40.0 | then Chinese goods are going to be subject to 104% tariffs before they can enter the United States of America. |
| 1:48.7 | This is escalating and escalating fast. |
| 1:52.2 | And the language of Donald Trump last night, you thought, well, does he want a solution to this? |
| 1:56.1 | Or does he just love the idea that this is a game of poker that the whole world is watching? |
... |
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