2025-04-01
26 分钟And this is Andrew Peach with World Business Report, with Donald Trump promising a wide range of new tariffs tomorrow.
In a moment, we'll focus on Vietnam, where the government isn't talking tough, but wanting to do a deal.
On anything a deal can be made.
Vietnamese have always struck me as very pragmatic.
And in this case, I believe they have an extremely interesting course of action.
Later, how the war in Ukraine has boosted defense technology in Finland,
and why soaring gold prices are good news in South Africa.
First though, for decades, the Western world has tried to remove barriers to free trade.
It's an era that's either caused or at least coincided with massively rising living standards for billions of people.
But President Trump doesn't think it's working for the US, and we are therefore seeing the end of the free trade era.
This week, cars and car components will be hit.
Tomorrow, we're going to learn what else.
It's expected that all goods being sold into the US market will be affected to some extent.
Today on the programme, we'll hear what the effects might be on different economies,
and we'll hear about the very different approaches countries are taking in response.
Let's start in Vietnam, where the government is trying to build bridges with President Trump,
as our Asia business correspondent, Mariko Oi, explains.
Vietnam has cut import duties on a range of products entering from the United States,
including cars, liquefied gas, as well as some agricultural products.
Now, since Mr Trump returned to the White House and the global trade war escalated,