Steel tariffs déjà vu
Marketplace All-in-One
Marketplace
4.5 • 1.4K Ratings
🗓️ 17 April 2024
⏱️ 28 minutes
🧾️ Download transcript
Summary
Today, President Joe Biden called for tariffs to be tripled on certain Chinese steel and aluminum products. These tariffs, first implemented by then-President Donald Trump in 2018, are now the latest move in the ongoing U.S.-China trade war. Plus, sky-high car insurance premiums, the government’s latest energy-efficiency standards and China’s shrinking wine market.
Transcript
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| 0:00.0 | It's the sound of another sale on Shopify, the all-in-one commerce platform to start, run, and grow your business. |
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| 0:41.6 | UK slash marketplace 22 all lowercase. Go to Shopify |
| 0:47.1 | dot co. UK slash marketplace 22 to take your business to the next level today. Shopify.co. UK slash |
| 0:56.6 | marketplace 22. A lot has happened in the last six years or so but but don't forget, we're still in a trade war. |
| 1:05.8 | From American public media, April 17th. |
| 1:21.5 | Good to have you here. |
| 1:22.9 | Today we're starting the show with some news deja vu, |
| 1:26.0 | or really more of an update of sorts, |
| 1:28.2 | on the trade war between the US and China. |
| 1:30.9 | Back in 2018, then President Donald Trump imposed a number of tariffs on imports to the US, including some on Chinese aluminum and steel. |
| 1:39.0 | Those tariffs never went away, and here's the deja vu part. |
| 1:44.0 | President Biden is now calling on the U.S. Trade Representative to increase them. |
| 1:48.4 | He wants to triple tariffs on some Chinese steel and aluminum. |
| 1:52.2 | That would bring them from 7.5% to 25%. |
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