Trade disunion: America’s tariff wars
Economist Podcasts
The Economist
4.3 • 5K Ratings
🗓️ 7 October 2019
⏱️ 23 minutes
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Transcript
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| 0:00.0 | Hello and welcome to the Intelligence on Economist Radio. I'm your host, Jason Palmer. |
| 0:09.6 | Every weekday, we provide a fresh perspective on the events shaping your world. |
| 0:17.4 | There's been a big advance recently in quantum computers, but what are they? When will you get one of them? What are they even good for? We tackle one of the world's most counterintuitive and hyped bits of technology. And Hassankef in southeastern Turkey is one of the longest continuously inhabited places on earth. |
| 0:39.6 | Not for long, though. |
| 0:41.1 | Residents have until tomorrow to evacuate before a new hydroelectric dam floods the valley and submerges 12,000 years of human history. |
| 1:02.6 | But first, trade discussions between America and China resume this week. |
| 1:08.2 | The 13th round of negotiations will take place in Washington, with President Donald Trump talking up his country's position. |
| 1:10.2 | I have a lot of options on China, but if they don't do what we want, we have tremendous, tremendous power. |
| 1:16.6 | Last week, the Trump administration won a battle in a separate trade war with the European Union. |
| 1:23.6 | The World Trade Organization gave America the go-ahead to impose tariffs on more than $7 billion worth of imports, including aircraft, but also European favorites, including Italian Parmesan, Spanish olives, and Scottish single malt whiskey. |
| 1:38.9 | The Trump administration seems unwilling to row back on any of its demands, so a quick end to either dispute looks unlikely. |
| 1:46.9 | President Donald Trump is currently fighting his trade wars on two main fronts. |
| 1:52.6 | Samaya Keynes is our trade and globalization editor and co-host of the podcast Trade Talks. |
| 1:57.7 | The first is with China, and the second is with the European Union. There were a few |
| 2:03.5 | others that have quietened down recently. There was a mini deal announced with Japan, Mexico and |
| 2:10.4 | Canada, given that they've agreed this deal with the US, they are feeling more comfortable |
| 2:16.9 | than they were last year. And so it's really the |
| 2:19.9 | EU and China that are now feeling the heat. Well, let's take those two in turn. How are things |
| 2:25.0 | coming along between America and China? So they're coming along slowly, but there are some positive |
| 2:31.8 | signs. On October the 10th, Liu He, the Chinese head of negotiations, |
| 2:38.0 | is going to arrive in Washington, D.C. And that's going to start two days of talks. And the hope |
| 2:43.5 | there is that they will try to pick up the talks from where they broke down in spring. There was a lot of chatter in the spring about how |
... |
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