Global markets continue to struggle after a difficult week

全球市场在艰难的一周后继续挣扎

Business Matters

商务

2025-04-12

49 分钟
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The White House has insisted that President Trump’s tariffs will make the United States richer, despite the falling value of the US dollar. We hear from Tomas Philipson, a former acting chairman of President Trump's Council of Economic Advisers. Also, a global deal to tackle shipping emissions has been agreed after nearly ten years of negotiations. The UN's maritime agency (the IMO) brokered the accord, which requires ship owners to use less carbon-intensive fuels or face a penalty. Roger Hearing speaks to IMO's secretary general, Arsenio Dominguez, about how it would work. And on Saturday, the UK is going to see an emergency recall of parliament when members had already departed for their Easter break, and they are recalled to discuss a law to take control of the Chinese-owned British Steel and save it from imminent closure. Throughout the programme, we’ll be joined by two guests on opposite sides of the world – Peter Ryan, ABC's senior business correspondent, who's in Sydney, and Takara Small, national technology columnist for the CBC, who's in Toronto.
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  • Hello, and welcome to Business Matters.

  • I'm Roger Hearing.

  • On the program today, a final bump up for US share markets at the end of a week of turmoil over tariffs.

  • While the tariffs make trade between the US and China virtually impossible.

  • A former Trump advisor tells us it's part of the plan to put pressure on an economic enemy.

  • China is by far the worst trading partner in terms of countries out there where where you see our small companies inventing products that then show up on Alibaba.

  • And then the small companies can't take any Chinese companies to court.

  • Also today, an agreement is reached after almost 10 years to try to reduce polluting emissions from shipping.

  • The UK Parliament is recalled to allow the government to control a Chinese owned company, British Steel.

  • And a new Oscar has been announced for the first time.

  • The Academy is going to recognize stunt design.

  • And I'll be joined throughout the program by two guests on opposite sides of the world,