China now faces 125% US tariffs in trade war

中国目前正面临125%的美国贸易战关税。

Business Matters

商务

2025-04-10

49 分钟
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单集简介 ...

In a dramatic change of policy, US President Donald Trump hikes China tariffs to 125% on goods entering the United States. Most other countries will now see a 90-day pause on higher import taxes. The pause means a "universal 10%" tariff will be in place for all countries, other than China, the White House said. Markets soared following the announcement with all three main US indices closing up more than 6%. Throughout the program, Rahul Tandon will be joined by two guests: Emily Peck, Axios US Markets correspondent in New York, and Han Lin, The Asia Group China Country Director in Shanghai.
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单集文稿 ...

  • Hello, and welcome to Business Matters here on the BBC World Service with me, Rahul Tandon.

  • It's been another momentous day for the global economy,

  • a series of decisions announced by Donald Trump, having huge implications for the global trading system.

  • We're going to talk you through them, to guide us through them as always.

  • We have two guests from opposite sides of the world.

  • We have Emily Peck, who of course is co-author at Axios Markets.

  • Emily, a busy day for you or a quiet one?

  • Yeah, you could say it was a tad busy.

  • Some things happened over here in the United States.

  • They certainly did.

  • And Hanlin, as he's waking up there in Shanghai, China country director for the Asia group.

  • A lot for people in China to digest.

  • Absolutely.

  • Thanks for having me on the show and good morning from Shanghai.

  • It just happens to be a beautiful day today.

  • Well, it is a beautiful day in Shanghai and it has been a fascinating day in the United States.

  • Let's just get into some of what has been taking place because Donald Trump has,

  • of course, announced that he has suspended tariffs on a number of different countries now.

  • Emily, what did you make of that announcement?

  • That those reciprocal tariffs that he was putting in place, that he's now reversed those?