No room for manoeuvre

Wake Up to Money

BBC

Business

4.4 • 754 Ratings

🗓️ 4 March 2025

⏱️ 53 minutes

🔗️ Recording | iTunes | RSS

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Summary

President Donald Trump is moving forward with 25% tariffs on goods imported from Canada and Mexico into the US, saying that there was "no room left for Canada and Mexico". An additional 10% tariff on Chinese imports is also expected to come into force, leaving all three of America's top three trade partners facing significantly higher trade barriers than just a few weeks ago.

Sean Farrington speaks to Paul Reynish, the Global CEO at Gong cha about the growing demand for bubble tea across the world. Chinese firm Mixue saw shares jump by more than 40% in their Hong Kong Stock Exchange debut.

Transcript

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0:00.0	Hello, you're about to listen to a BBC podcast, so I'd like to tell you where you'll find more just like it.
0:05.5	I'm Izzy Lee Poulton, an assistant commissioner for BBC Sounds, which means I'm involved in the whole podcast making process.
0:12.0	Whether that's developing fresh formats or facilitating eye-catching artwork, I helped project manage all the details that make our podcast stand out.
0:19.0	At the BBC, we've got access to storytellers and experts across a huge range of subjects.
0:24.6	It could be psychologists, comedians, celebrities or journalists.
0:28.6	No podcasts or day looks the same here.
0:31.6	So no matter what you like, check out BBC Sounds.
0:33.6	There's probably another podcast on there that you're absolutely love.
0:42.3	BBC Sounds, music, radio, podcasts.
0:45.8	Wake Up to Money from BBC 5 Live.
0:49.3	Hello, welcome. It is Wake Up to Money.
0:55.1	We've got breaking news in the last few minutes, in the last few hours on the program today, the White House saying President Trump has ordered a pause in military aid to Ukraine and just in the last few
1:01.7	minutes. This one more expected perhaps US tariffs on goods from Canada and Mexico have just
1:08.2	come into effect, as the president confirmed in the Oval Office last night.
1:12.8	No room left for Mexico or for Canada. No, the tariffs, you know, they're all set. They go into
1:18.7	effect. China as well, we're going to have lots of reaction to that. And we're getting reaction
1:23.8	immediately from those countries on those tariffs actually kicking in.
1:28.8	Also on the show, more than a million agency workers will be included in a ban on what the
1:34.4	government calls exploitative zero hours contracts.
1:37.9	And we're talking tea is how yours sounds in the morning.
1:44.4	Probably not what you're sipping on right now.
1:46.5	Bubble tea.
	...

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