U.S.-China trade truce is on shaky ground
Marketplace All-in-One
Marketplace
4.5 • 1.4K Ratings
🗓️ 2 June 2025
⏱️ 7 minutes
🧾️ Download transcript
Summary
Tensions are once again escalating between the world's two largest economies. Last week, President Trump accused China of violating the terms of the trade truce, with the U.S. Trade Representative accusing China of restricting the flow of critical minerals. And on Monday, China accused the U.S. of violating the agreement with new restrictions on the export of U.S. computer chips. Also on today's show: why non-alcoholic beer is on the rise and what to know about the proposed "Trump Accounts" for newborns.
Transcript
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| 0:00.0 | The trade truce between the U.S. and China? |
| 0:04.6 | Yeah, it is on shaky ground. |
| 0:07.1 | From Marketplace, I'm Sabri Beneshore in for David Brancaccio. |
| 0:10.1 | Tensions are once again escalating between the world's two largest economies. |
| 0:14.3 | Last week, President Trump accused China of violating the terms of the trade truce between the two countries, |
| 0:20.1 | with the U.S. trade representative |
| 0:21.3 | accusing China of restricting the flow of critical minerals, among other things. |
| 0:25.1 | Today, China accused the U.S. of violating the agreement with new restrictions on the export of |
| 0:29.6 | U.S. computer chips. The BBC's Laura Bicker has more. |
| 0:33.2 | Washington and Beijing agreed to temporarily lower tit-for-tat tariffs after talks in Geneva. |
| 0:39.3 | But Mr Trump said last week that Beijing had totally violated the deal |
| 0:43.9 | and announced plans to revoke the visas of Chinese students |
| 0:47.3 | and restrict the sale of chip design software to China. |
| 0:51.8 | In a statement, the Commerce Ministry in Beijing said today that these actions |
| 0:55.6 | seriously undermine the consensus reached in Geneva. And if the U.S. insists on its own way, |
| 1:02.5 | China will take forceful measures to safeguard its interests, it added. |
| 1:07.8 | How's the BBC's Laura Bicker? Non-alcoholic beer is becoming more popular every day. Globally, sales grew 9% in 2024. Meanwhile, sales of irregular beer fell 1%. This is according to the beverage data and analytics company, IWSR. Out of the different categories of beer, alcoholic logger is by far and away number one in terms of volume, |
| 1:31.3 | but non-alcoholic beer is on track to snatch the number two spot, currently held by ale by the end of this year, according to IWSR. |
| 1:39.4 | That said, the non-alcoholic stuff still only has about 2% market share compared to loggers 92%. |
| 1:45.4 | Marketplace's Samantha Fields has more. |
| 1:48.3 | It used to be if you wanted a non-alcoholic beer, there weren't a whole lot of options, |
| 1:52.5 | and they didn't really taste like beer. |
... |
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