Money talks: Cracking steel — hammer or chisel?
Money Talks from The Economist
The Economist
4.4 • 1.2K Ratings
🗓️ 9 January 2018
⏱️ 20 minutes
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| 0:00.0 | Picture this, static cars, idling engines, angry horns. |
| 0:08.0 | Now, picture you, zooming past it all, light and breezy. |
| 0:15.0 | Ah, the sweet feeling of whizzing past traffic. |
| 0:20.0 | Book your train journey via Avanti westcoast.co. UK. |
| 0:25.0 | avante west coast feel good travel. Hello, I'm Simon Long, the finance editor of The Economist. |
| 0:37.0 | Welcome to Money Talks. Coming up on our program this week, how to get tough on Chinese steel. |
| 0:47.0 | They could go in with a hammer or a chisel, or they could do nothing. They could say, look, |
| 0:52.0 | we've got this report that's found that you were doing wrong. Let's start a negotiation. |
| 0:56.0 | Otherwise we will hit you with a hammer. |
| 0:58.0 | Why the great Indian middle class may not be as big as you thought? |
| 1:02.0 | You have to be very skeptical when company chief |
| 1:03.9 | executives trundle through India and give interviews saying India is going to |
| 1:08.0 | be their next huge market. And have you resolved to go to the gym this year? |
| 1:12.0 | As a good-filled journalist I have of course given us a go and I can safely tell you it's murder. |
| 1:20.0 | But first, could we be on the brink of President Trump's first real trade war? |
| 1:26.0 | The catalyst could be steel imports. |
| 1:29.0 | Next Monday is the deadline for the Department of Commerce to declare whether steel imports are a threat to America's national |
| 1:34.4 | security. If it decides they are, America, the world's biggest steel importer, will have |
| 1:39.7 | to decide how to protect itself. The problem, however, is a fundamental one. The world simply |
| 1:46.3 | has too much steel-making capacity, above all in China. So what can be done? |
| 1:52.3 | Samaya Keynes is our economics correspondent and joins me now. |
| 1:55.0 | Hello Samia. |
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