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Viewsroom

Viewsroom: Trump goes hog wild on trade

Viewsroom

Reuters

News

4.458 Ratings

🗓️ 28 June 2018

⏱️ 19 minutes

🧾️ Download transcript

Summary

The U.S. president rejected hard-liners’ calls to ban China investing in sensitive U.S. tech. Yet he’s pushing for tariffs that could cost carmakers $45 bln and is livid Harley-Davidson will no longer make EU-bound bikes in the States. Plus: tapping China’s shale reserves. See acast.com/privacy for privacy and opt-out information. Learn more about your ad choices. Visit megaphone.fm/adchoices

Transcript

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0:00.0

The views expressed on this podcast are those of the participants, not of Rourges News.

0:09.7

Who is winning Trump's trade wars?

0:12.2

Can China find a way to exploit its vast but hard to frack shale reserves?

0:17.7

These are the questions we'll be delving into on this week's views room, a weekly conversation among breaking views columnists about the ups and downs of the

0:24.7

world of finance. I'm Anthony Curry and my co-host is Jennifer Saber. Hi, Jen. Hello.

0:30.8

So we'll be handing over to our colleagues in Asia later in the show to discuss China's

0:35.0

shale reserves. We start, though, by examining the many recent

0:39.0

movements on the Tariff's battlefield. And joining us from Washington is our columnist there,

0:44.2

Gina Chon, to sort out the mess for us. Gina, welcome back to the show. Thanks for having me.

0:50.1

So, you know, you've come back from maternity leave a few weeks ago, straight into the mess,

0:54.0

what is Donald Trump's trade wars, which of course are easy to win.

0:57.6

So is he feeling victorious?

0:59.7

Well, he says he is, although he's also very angry at various countries and companies that have reacted to his trade moves, although none of them should actually have been a surprise.

1:12.2

So it was actually a pretty confusing week, given all the back and forth.

1:19.3

We had people like Stephen Mnuchin, the Treasury Secretary, trying to sort of tone down some of the

1:26.7

anti-China rhetoric saying these

1:29.4

investment restrictions that the administration was looking at would target all countries that

1:34.9

are trying to steal technology from the U.S. instead of just China.

1:39.1

You had a White House trade advisor Peter Navarro just hours after that actually say that China was the

1:45.4

target and no other countries would be in the mix beyond that front. And then there was talk

1:53.9

about even an executive order to that effect at one point. Exactly. Yeah, that would would have just

1:58.7

specifically fell onto China and basically block any company that

...

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