Money talks: Steely Tariffs
Money Talks from The Economist
The Economist
4.4 • 1.2K Ratings
🗓️ 6 March 2018
⏱️ 18 minutes
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| 0:00.0 | Hello, I'm Helen Joyce, the finance editor of the Economist. |
| 0:07.0 | Welcome to Money Talks. |
| 0:09.0 | Coming up on the programme, Donald Trump plans steelie tariffs. Donald Trump's |
| 0:14.0 | view of trade essentially has you know imports bad exports good and the number of |
| 0:21.4 | rich women is rising where and how will they invest their money? |
| 0:24.8 | Women show far more interest than men in so-called sustainable investing, so keeping their values |
| 0:30.8 | in mind when they invest. |
| 0:40.0 | First, are we on the brink of a trade war? Samaa Keynes, our economics correspondent, is here to tell us what's going on. |
| 0:45.0 | Hello, well exciting times in the world of trade. |
| 0:47.7 | On March 1st it emerged that President Donald Trump wants to impose tariffs of 25% on all imports of steel into America |
| 0:57.1 | and tariffs of 10% and all aluminium imports. |
| 1:01.1 | So those are large numbers and they're very, very broad and so a few things about this. |
| 1:05.8 | The first is that he hasn't signed a document yet. |
| 1:08.7 | So we don't actually have the legal details of what he's going to do. It's all quite vague. The second thing is that obviously there's a lot of uncertainty about whether it will actually happen, linked to the fact that we don't have a legal document. |
| 1:23.0 | Here's Wilbur Ross, the Commerce Secretary, |
| 1:25.0 | who was questioned about whether it would actually happen. |
| 1:28.0 | Whatever his final decision is, is what will happen. |
| 1:31.0 | Meaning this isn't a done deal. I't say that I just said what he has said he has said if he |
| 1:37.4 | says something different it'll be something different I have no reason to think |
| 1:40.8 | he's gonna change What does this mean? |
| 1:43.4 | You just said, well, he may say this and he may say that. |
| 1:45.6 | No, I didn't say that. |
... |
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