Has there been a trade war thaw?
Marketplace All-in-One
Marketplace
4.8 • 1.3K Ratings
🗓️ 11 June 2025
⏱️ 8 minutes
🧾️ Download transcript
Summary
From the BBC World Service: The U.S. and China say that, during talks in London, they’ve sketched out a framework to dial down their trade fight after slapping big tariffs on each other. But those trade tensions aren’t doing the global economy any favors; the World Bank has slashed its global growth forecast. And later, we hear how a tea plantation in India is fighting climate change with rock dust.
Transcript
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| 1:13.1 | So there's been a trade war thaw. Hello. This is the Marketplace Morning Report, and we're live from the BBC World Service. I'm Leanna Byrne. Thanks for tuning in. The US and China say they've sketched out a framework to dial down their trade fight after slapping |
| 1:28.6 | big tariffs on each other. The two sides spent two days locked in talks in London. From Beijing, |
| 1:34.2 | here's the BBC's Stephen MacDonald. This agreement won't end the US-China trade war. However, |
| 1:40.3 | the deal struck in London by senior government representatives from Beijing and Washington |
| 1:44.7 | has been described as a framework to pave the way for further talks. |
| 1:49.6 | If Xi Jinping and Donald Trump both approve its wording. |
| 1:53.2 | Though specific details have not been revealed, it's thought to include several olive branches, |
| 1:58.8 | including an easing of Beijing's restrictions on rare earth sales to the |
| 2:02.7 | US and a partial freeing up of China's access to American computer chip technology. |
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