Money talks: Tense trading
Money Talks from The Economist
The Economist
4.4 • 1.2K Ratings
🗓️ 18 October 2017
⏱️ 18 minutes
🧾️ Download transcript
Summary
Hosted on Acast. See acast.com/privacy for more information.
Transcript
Click on a timestamp to play from that location
| 0:00.0 | Hello I'm Simon Long, the finance editor at The Economist and this is Money Talks. |
| 0:11.0 | Coming up this week, can IBM turn around? |
| 0:15.0 | It's a very big company. They do a lot of research. They have the reserves to power through |
| 0:21.1 | this. The question is how long it will last. |
| 0:24.0 | And a rare glimpse inside Aldi's headquarters. |
| 0:27.0 | I think I'm only the second journalist, certainly foreign journalist who have made the trip to Essen to see them. |
| 0:35.0 | But first, President Donald Trump called the North American Free Trade Agreement, |
| 0:41.0 | NAFTA, the worst agreement ever and has threatened to pull out. |
| 0:45.6 | But after tense talks this week, negotiators have agreed to allow more time to try to salvage |
| 0:50.2 | it. |
| 0:51.2 | America wants drastic revisions. Mexico and Canada are resisting. And businesses in all |
| 0:56.3 | three countries are fearful the deal might collapse. Take Mexicans. Louis Santana, who makes |
| 1:02.1 | cowboy shirts in Halisco, Mexico, is worried that if Nathda breaks down, |
| 1:06.8 | the U.S. will impose higher tariffs on textiles. |
| 1:09.8 | It will affect us because our main market is the US. We ship about 60% of our production to the US. |
| 1:20.0 | A little, some part part in Canada but yeah if they are going to put some taxes or |
| 1:27.5 | some regulations to the clothes to the upper industry of course it will affect us in a really big way. |
| 1:35.0 | So what now for this 23 year old trade agreement? |
| 1:38.0 | I'm joined by Samaya Keynes, our economics correspondent who's been following this closely. |
| 1:43.2 | Samaya, I mentioned drastic revisions. |
| 1:46.2 | Can you outline them for us? |
| 1:48.8 | So there are some differences between the negotiators |
... |
Please login to see the full transcript.
Disclaimer: The podcast and artwork embedded on this page are from The Economist, and are the property of its owner and not affiliated with or endorsed by Tapesearch.
Generated transcripts are the property of The Economist and are distributed freely under the Fair Use doctrine. Transcripts generated by Tapesearch are not guaranteed to be accurate.
Copyright © Tapesearch 2026.

