What’s next for tariffs in 2025?
Marketplace All-in-One
Marketplace
4.5 • 1.4K Ratings
🗓️ 26 December 2024
⏱️ 9 minutes
🧾️ Download transcript
Summary
From the BBC World Service: With less than a month until President-elect Donald Trump assumes office, tariffs are top of the economic agenda, and protectionism is the name of the game. How likely is it that the tariffs Trump has threatened to impose on Mexico will come into force? And what impact would they have? Also: an examination of the European Union’s tariffs on Chinese EV imports.
Transcript
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| 0:28.8 | Tariffs are set to lead the new U.S. President's Economic Agenda. |
| 0:33.1 | In the UK, this is the Marketplace Morning Report from the BBC World Service. |
| 0:37.2 | I'm Leanna Byrne. |
| 0:38.9 | With less than a month until Donald Trump takes office as the 47th President of the United States, tariffs are top of the agenda. |
| 0:46.9 | Protectionism is the name of the game, with Mr. Trump keen to bolster his America-first credentials. |
| 0:52.6 | And Mexico is in Mr. Trump's sites, as the BBC's |
| 0:56.2 | Will Grant reports. |
| 0:58.7 | In what was a crucial election year on both sides of the border, voters in Mexico and the United |
| 1:08.3 | States alike were presented with the opportunity to elect their country's |
| 1:11.8 | first ever female president. Only Mexicans took it. |
| 1:21.3 | Former mayor of Mexico City, Claudia Shainbaum, was elected as the new president, and the road |
| 1:26.3 | ahead for the neighbors is already |
| 1:27.7 | looking bumpy. |
| 1:33.0 | Barely three weeks after he won, Donald Trump threatened 25% tariffs on Mexican imports |
| 1:39.1 | unless more was done to stop undocumented immigrants and illegal drugs, particularly the synthetic opioid fentanyl from entering the US. |
| 1:47.3 | In response, President Seymbaum read out a letter she'd written to Donald Trump. |
| 1:56.9 | It's not with threats or tariffs that you can deal with the issue of immigration, she told him. |
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