4.4 • 350 Ratings
🗓️ 16 April 2025
⏱️ 21 minutes
🧾️ Download transcript
Over the past three decades, China has built itself into a manufacturing powerhouse. The plan was simple: use exports as a way to avoid becoming too dependent on the west. But with US President Donald Trump imposing 145 per cent tariffs on the country, this strategy now hangs in the balance. The FT’s Beijing bureau chief Joe Leahy explains how Beijing built its export machine and whether its plan to sell the world cheap goods could go wrong. Clip from European Commission.
- - - - - - - - - - - - - - - - - - - - - - - - - -
For further reading:
Will China’s manufacturing juggernaut run out of road?
How China’s record trade surplus helped spark Trump’s tariff war
China says ‘sky won’t fall’ as exports surge ahead of Donald Trump’s tariffs
- - - - - - - - - - - - - - - - - - - - - - - - - -
Follow Joe Leahy on X (@leahyjoseph). Michela Tindera is on X (@mtindera07) and Bluesky (@mtindera.ft.com), or follow her on LinkedIn for updates about the show and more.
Read a transcript of this episode on FT.com
Hosted on Acast. See acast.com/privacy for more information.
Click on a timestamp to play from that location
0:00.0 | Balance your trading strategy by adding futures. |
0:03.2 | CME Group helps you manage risk and capture opportunities in all market environments. |
0:08.3 | Capitalize on around the clock access to highly liquid global futures and options markets across all major asset classes. |
0:15.8 | Visit your online broker and get started. |
0:18.0 | See what adding futures can do for you at cME group.com slash podcast. |
0:23.2 | Derivatives are not suitable for all investors and involve the risk of losing more than the |
0:26.4 | amount originally deposited and any profits you might have made. This is not a recommendation |
0:29.8 | to offer to buy, sell, or retain any specific investment or service. |
0:37.1 | Earlier this week, China's president Xi Jinping embarked on a tour of a few of his country's closest neighbors. |
0:45.0 | Xi Jinping has launched a flurry of diplomacy and his purpose is to canvas support from China's trading partners and to betray China as a victim of Donald Trump's tariffs. |
0:58.0 | That's the F.T.'s Beijing bureau chief, Joe Lay. |
1:02.0 | He says that on Xi Jinping's travel agenda are visits to Cambodia, Malaysia, and Vietnam. |
1:09.0 | He wrote in the Vietnamese media that in trade wars and tariffords, there are no winners |
1:14.7 | and that protectionism will lead nowhere. |
1:17.6 | And he also said that all countries should safeguard the multilateral trading system. |
1:23.1 | So he's really portraying China as a champion of globalization. |
1:28.1 | The reason Xi is checking in with these countries is because he's really portraying China as a champion of globalization. The reason Xi is checking in with these countries is because he's trying to protect an economic |
1:33.3 | model that China's built over decades. |
1:37.6 | I would say China is comfortably the world's trading superpower. |
1:42.4 | It is simply a country upon which most of the world depends for so many |
1:47.3 | products. And China has this huge trade surplus, which means it exports much more than it imports. |
1:53.1 | Last year, it hit a record of around $1 trillion. But that status as an exporting powerhouse is now under threat after President Donald Trump |
... |
Transcript will be available on the free plan in 5 days. Upgrade to see the full transcript now.
Disclaimer: The podcast and artwork embedded on this page are from Topher Forhecz, and are the property of its owner and not affiliated with or endorsed by Tapesearch.
Generated transcripts are the property of Topher Forhecz and are distributed freely under the Fair Use doctrine. Transcripts generated by Tapesearch are not guaranteed to be accurate.
Copyright © Tapesearch 2025.