How China is playing Trump
The Story
The Times
4 • 1.5K Ratings
🗓️ 10 April 2025
⏱️ 27 minutes
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Summary
Donald Trump and Xi Jinping are locked in a tit-for-tat trade war, as both sides refuse to back down from retaliatory tariffs. China was hit with a whopping 125 per cent levy on exports to the US, and has fought back with 84% tariffs on American goods. So who will blink first?
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Guest: Rana Mitter, ST Lee Chair in US-Asia Relations at the Harvard Kennedy School.
Host: Manveen Rana.
Producer: Sam Chantarasak.
Clips: Reuters, CBS News.
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Transcript
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| 0:00.0 | This is your business. |
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| 0:34.0 | From the Times and the Sunday Times, this is the story. I'm Manvine Rana. |
| 0:42.0 | We're making a fortune with tariffs. Two billion dollars a day. Do you believe it? I was told |
| 0:47.0 | $2 billion a day. Since his so-called liberation day, President Trump has had a triumphant tone, |
| 0:56.3 | promising his sweeping tariffs have made the world fall in line. |
| 1:01.2 | In addition, we have a lot of countries coming to see us. |
| 1:03.5 | They want to make a deal. |
| 1:07.3 | But in Beijing, they're proving less easy to tame. |
| 1:11.6 | I think the mood is pretty dark in many ways. |
| 1:15.6 | In terms of the official statements, as you might expect, they are pretty hawkish, they're pretty fierce. |
| 1:21.6 | They denounce the United States for essentially destroying the trade relationship between not just the US |
| 1:28.3 | and China, but they would say the wider world as well. |
| 1:31.3 | They attacked this as a vicious attack on free trade. |
... |
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