Money talks: Instant tariffication
Money Talks from The Economist
The Economist
4.4 • 1.2K Ratings
🗓️ 3 December 2019
⏱️ 24 minutes
🧾️ Download transcript
Summary
Donald Trump is introducing new tariffs and this time they are not aimed at China. The latest figures suggest that China’s economy is stronger than Mr Trump portrays. What valuation will the Saudi Aramco IPO achieve? Also, economist and author Branko Milanović on the battle between liberal capitalism and political capitalism. Patrick Lane hosts
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Transcript
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| 0:00.0 | They're not authors, but they help you shape your financial story. |
| 0:04.0 | They're not an airline, but they connect global businesses across nearly 160 local markets. |
| 0:10.0 | They're not interpreters that they listen to and understand their client's needs. |
| 0:14.8 | With global expertise and over two centuries of experience, Citi provides tools, insights and |
| 0:20.8 | guidance that helps clients thrive. |
| 0:23.0 | They're not just any bank, they are city. |
| 0:26.0 | Learn more at city.com slash we are city. City. |
| 0:37.0 | Hello, you're listening to Money Talks on Economist Radio. |
| 0:41.0 | I'm Patrick Lane, Deputy Digital Editor and The Economist. |
| 0:47.0 | Coming up on today's show, Donald Trump is on the Tariff War path again. Saudi Arabia is set to sell its first oil company shares and Branko Milanovich |
| 0:58.0 | talks about the future of capitalism. First up, Donald Trump is something of a trade warrior. He's taking up the cudgels again, announcing tariffs on steel and aluminium |
| 1:15.3 | imports from Brazil and Argentina. And he's threatened to slap 100% tariffs on some French |
| 1:22.4 | goods including wine, cheese, and handbags. |
| 1:27.0 | He says that in retaliation for France's new digital services tax, which would hit American |
| 1:31.8 | companies such as Google and Apple. |
| 1:35.0 | Until now, China has been the main target of Mr Trump's tariffs, |
| 1:39.4 | and recently he's been boasting about the pain that they've inflicted on the Chinese economy. |
| 1:44.9 | But a couple of recent surveys of its manufacturing sector indicate that the Chinese economy |
| 1:49.5 | is stronger than he thinks. |
| 1:51.7 | One survey hit its highest in three years, while another surpassed most expectations. |
| 1:57.3 | Simon Rabinovich is the economist's Asia Economics editor. He's based in Shanghai and he joined me down the line now. |
| 2:04.0 | Hello Simon. |
... |
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