2024-11-26
49 分钟The President-elect plans a day-one clampdown on illegal immigration and drug smuggling imposing 25% tariffs on Mexico and Canada. China will be subject to an additional 10%. Plus, the German steel maker Thyssenkrupp says it's cutting 11,000 workers. And, we explore crypto and what rules could be introduced in the United States to regulate the sector.
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This is Andrew Peach with Business Matters here on the BBC World Service.
In the last hour, Donald Trump has said he'll impart a 25% tariff on goods from Mexico and Canada.
Reaction from both countries, reaction from the markets on the way in a moment.
Also, rising energy costs and increased competition lead thousands of jobs to go in the German steel production market.
It's a miracle of capitalism that it brings the resources to where they are most productive.
The question is, can we organize this process in a smooth way that doesn't produce the social issues that we have seen in past transitions?
After Thanksgiving on Thursday comes Black Friday.
But what tricks are the retailers using in store and online to get us to buy stuff?
And as the value of cryptocurrency soars, what is it and what are the pros and cons of investing?
We'll answer your questions, so do drop them to us, either as a message or a voice Note.
You can WhatsApp 00443-306-78303 or email world.businessbc.co.uk throughout the program, I'm joined by two guests on opposite side.
Ali Garfinkel is senior finance reporter at Fortune magazine in Los Angeles.
Hi, Ali.
Hello, Andrew.
How are you?
Yes, I'm great, thank you.
Peter Land is also on the show.