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Global News Podcast

US agrees trade deal with China

Global News Podcast

BBC

Society & Culture, Daily News, News, Documentary

4.27.8K Ratings

🗓️ 12 May 2025

⏱️ 29 minutes

🧾️ Download transcript

Summary

Stock markets rally as US and China agree to slash tariffs for at least 90 days. Also: Kurdish PKK militants end armed struggle against Turkey and Mounjaro and Wegovy go head to head in weight loss trial.

Transcript

Click on a timestamp to play from that location

0:00.0

This is the Global News Podcast from the BBC World Service.

0:06.0

I'm Bernadette Keough, and at 13 hours GMT on Monday the 12th of May, these are our main stories.

0:12.7

The United States and China have agreed to reduce tariffs on each other's goods,

0:17.2

pausing a trade war that's led to huge disruption to the global economy.

0:21.7

After four decades of fighting the Turkish state,

0:24.5

the Kurdistan Workers Party, the PKK, is laying down its arms and disbanding.

0:30.0

And the first head-to-head trial of two weight-loss drugs

0:33.2

suggests Mung Jaro is more effective than its rival Wagovi.

0:39.6

Also in this podcast, members of British Special Forces tell the BBC

0:44.3

that they witness colleagues killing unarmed civilians.

0:48.5

They handcuffed a young boy and shot him.

0:52.1

He was clearly a child, not even close to fighting age.

0:58.3

I couldn't believe what they were doing.

1:00.6

We have the results of a BBC investigation and...

1:05.0

This is a completely unique approach.

1:07.7

To our knowledge, there haven't been any trials of any treatment at all

1:11.4

aiming to quiet and or silent tinnitus in its initial stages. New hope for the one in seven

1:17.9

of us who will develop the debilitating ear condition tinnitus. We begin in Switzerland, where weekend negotiations have resulted in a major de-escalation in the trade war

1:33.8

between two of the world's biggest economies. China and the United States have agreed to significantly

1:39.6

decrease tariffs on goods being sold between the two countries. Both sides are cutting tariffs

1:45.8

by 115 percentage points from Wednesday for 90 days, during which time further negotiations

1:52.9

will take place. This means US tariffs on Chinese imports will fall to 30%, while Chinese tariffs on US goods will fall to 10%.

...

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