Trump's Trade War
Business Daily
BBC
4.4 • 816 Ratings
🗓️ 28 June 2018
⏱️ 17 minutes
🧾️ Download transcript
Summary
Harley Davidson and Mid Continent Nail Corp are some of the US employers being hammered by America's escalating tariffs spat with its biggest trade partners.
Manuela Saragosa asks Vanessa, the author of The Girl On A Bike blog, what Harley fans like her make of the company's decision to move some motorcycle manufacturing from the US to Thailand in order to dodge new EU retaliatory tariffs. James Glassman of Mid Continent explains how the blow from the US President's steel import tariffs may flatten his company altogether in a county that voted 79% for Mr Trump. Plus former US trade advisor Pippa Malmgren explains why it may be wrong-headed for her government to try to address the country's perennial trade deficit in the first place.
(Picture: Hammer and nail; Credit: kutaytanir/Getty Images)
Transcript
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| 0:00.0 | Hello and welcome to Business Daily from the BBC. |
| 0:07.6 | I'm Manuel Saaragossa. |
| 0:09.4 | Coming up, the unintended consequences of President Trump's trade tariffs. |
| 0:14.0 | Trade is a complicated business. |
| 0:16.1 | And what President Trump has done is kind of unleashed a whirlwind here. |
| 0:20.9 | And it's having lots of effects that, I think, anyway, he never anticipated. |
| 0:26.6 | But do all those global tit-for-tat retaliations on tariffs really amount to a trade war? |
| 0:32.4 | The word war is a very, you know, media useful, emotive word. |
| 0:37.2 | The question is, how long does it go on? |
| 0:38.6 | And here's the backstop. |
| 0:40.0 | In the United States, Congress doesn't like this. |
| 0:43.6 | So could Congress stop it? |
| 0:45.8 | That's all here in Business Daily from the BBC. |
| 0:50.7 | If there's one company that keeps finding itself and snared in President Trump's trade skirmishes with the rest of the world, |
| 0:57.6 | it's the motorbike maker Harley Davidson. |
| 1:00.2 | And that's even though once upon a time this most iconic of American brands was the President's darling. |
| 1:06.3 | Last year, Harley executives were invited to the White House, and President Trump met them on the |
| 1:11.4 | presidential lawn, bikes and all. |
| 1:14.3 | Harley Davidson is a true American icon, one of the greats. Whenever I go, whenever there's a |
| 1:20.5 | motorcycle group, oftentimes, it's a Harley, and the sound of that Harley is a little different, |
| 1:27.0 | I have to tell you, it's really good. |
| 1:28.5 | So thank you, Harley Davidson, for building things in America. |
... |
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