Trump Ignites Trade Wars with China, Backs Down on Canada, Mexico

KQED's Forum

KQED

Politics, News, News Commentary

4.6 • 656 Ratings

🗓️ 5 February 2025

⏱️ 57 minutes

🔗️ Recording | iTunes | RSS

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Summary

A 10% tariff on Chinese goods went into effect on Tuesday as China retaliated with its own set of tariffs. Earlier Donald Trump put his threatened 25% tariffs against Canada and Mexico on hold for 30 days after discussions with the countries’ leaders. Trump says he brought the two neighboring countries to their knees, but the Wall Street Journal called Trump’s tariffs “the dumbest trade war in history.” We’ll talk to experts about tariffs, the international response to Trump’s actions, and the impact they may have on businesses and consumers. Guests: Shannon O'Neil, senior vice president, director of studies and Maurice R. Greenberg Chair, Council on Foreign Relations; author, "The Globalization Myth: Why Regions Matter" and "Two Nations Indivisible: Mexico, the United States, and the Road Ahead." Kyle Handley, associate professor of economics, School of Global Policy and Strategy, UC San Diego; director, Center for Commerce and Diplomacy Scott Horsley, chief economics correspondent, NPR News Learn more about your ad choices. Visit megaphone.fm/adchoices

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1:24.9	After decades of free markets and free trade, Donald Trump has brought a different attitude
1:30.3	to the White House.
1:31.3	He picked a trade fight with Mexico, Canada, and China, threatening tariffs on all three countries
1:37.3	over the weekend.
1:39.3	Trump postponed tariffs on Mexico and Canada, saying he extracted concessions from both countries, but the Wall
1:45.3	Street Journal's editorial board called the episode, quote, the dumbest trade war in history.
1:51.1	We'll try to break down the new landscape of global trade. It's all coming up next right after
1:56.6	this news welcome to forum welcome to forum i'm alexis madrigal it's been dizzying week. There's so much to pay attention to, so much noise to filter, and so many situations to try to sort out. Today, we want to look at Donald Trump's use of tariffs, putting them in the context both of his first administration and more broadly in terms of our country's trade policy.
2:36.3	We're joined this morning by Scott Horsley economics reporter for MPR.
	...

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