Swamp Notes: Trading tariffs for votes
FT News Briefing
Forhecz Topher
4.4 • 1.3K Ratings
🗓️ 18 May 2024
⏱️ 14 minutes
🧾️ Download transcript
Summary
Joe Biden once criticised Donald Trump’s trade war with China, but things look a lot different in an election year. The FT’s US climate reporter, Aime Williams, and US financial editor, Brooke Masters, join Swamp Notes to explain why the president announced such sweeping tariffs on Chinese goods this week, and how it could help him win votes.
Mentioned in this podcast:
Why Washington’s new tariffs on Chinese clean tech goods matter
Joe Biden and Donald Trump battle to prove who can be toughest on China
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Swamp Notes is produced by Ethan Plotkin, Sonja Hutson, Lauren Fedor and Marc Filippino. Topher Forhecz is the FT’s executive producer. The FT’s global head of audio is Cheryl Brumley. Special thanks to Pierre Nicholson. Original music by Hannis Brown.
Read a transcript of this episode on FT.com
CREDIT: CBS News
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Transcript
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| 0:00.0 | The UK's energy partner. |
| 0:06.2 | Learn more at equinore. |
| 0:10.2 | When Donald Trump imposed duties on Chinese goods in 2019, Joe Biden called the decision |
| 0:18.6 | short-sighted and he warned consumers would suffer. |
| 0:22.3 | Now with less than six months until election day |
| 0:25.3 | Biden is pulling a page out of Trump's playbook. |
| 0:30.1 | This is |
| 0:33.0 | this Swamp Notes the weekly podcast from the FT News briefing where we talk about all of the things happening in the 2024 U.S. presidential election. |
| 0:40.7 | I'm Mark Filipino and this week we're asking what is with all of these tariffs on China |
| 0:46.7 | here with me to discuss is Brooke Masters she's the FTS U.S. Financial editor. |
| 0:50.7 | Hi Brooke. Hey Mark. |
| 0:52.9 | And we've also got Amy Williams, the F.T. |
| 0:54.9 | U.S. climate reporter. |
| 0:56.2 | Hi Amy. |
| 0:57.1 | Hello. |
| 0:58.6 | First of all, Amy, just get us up to speed. |
| 1:02.3 | President Joe Biden had a busy week. What was he up to on the tariff front? |
| 1:06.5 | Well he basically announced massive hikes and tariffs on a range of clean energy imports from China. |
| 1:14.0 | So you'll remember that Donald Trump already had a significant |
| 1:18.0 | suite of tariffs on Chinese imports. |
| 1:20.0 | Biden has been reviewing those tariffs for several years now and this week he came out and said |
| 1:25.8 | that not only would he keep all of Donald Trump's tariffs but he would add a whole bunch of new tariffs. |
... |
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