China cautions countries over making deals with the U.S.

Marketplace All-in-One

Marketplace

News, Business

4.8 • 1.3K Ratings

🗓️ 21 April 2025

⏱️ 8 minutes

🔗️ Recording | iTunes | RSS

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Summary

From the BBC World Service: China has warned that it will hit back at countries that make deals with the U.S., which it fears will hurt Beijing's interests. It's a sign that the trade war between the world's two biggest economies threatens to drag in other nations. What does this all mean? And we also learn about the economics of carpet-weaving, one of the only jobs women in Afghanistan are now allowed to do.

Transcript

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0:00.0	China warned nations against appeasing the US on tariffs. Live from the UK, this is the Marketplace Morning Report from the BBC World Service. I'm Nick Koreshi in for Leanna Burn. Hello. China has warned it will hit back at countries that make deals with the US. Deals, it fears, will hurt Beijing's interests.
0:21.5	The trade war between the world's two biggest economies threatened to drag in other
0:26.2	nations if it hasn't done so already. Beijing is also threatening countermeasures. So,
0:31.8	what does this all mean? The BBC's Mariko Oi joins me from Singapore. Hi, Mariko. Hi, Nick.
0:37.9	So, China, is it really worried?
0:40.3	An interesting question, because if you actually listen to the wording of what they said,
0:45.3	the language is rather vague. You know, they said appeasement cannot bring peace and compromise
0:50.3	cannot respect. So what they mean by appeasement, we don't know and who they're talking about.
0:57.9	We also don't know. Though last week, there was an editorial in a Beijing-owned China Daily newspaper,
1:03.6	which basically warned the European Union against trying to appease the US. But that's not to
1:08.6	say that they're the only targets. You know, this kind of
1:11.2	feels like deja vu that a lot of governments, especially in this part of the world here in Asia,
1:17.1	governments had to play a very tricky balancing act, trying not to upset Washington or Beijing
1:22.9	when the first trade war happened in 2016. and it really feels like tensions between the two
1:28.7	are actually a lot higher this time around. Where does this leave the country's negotiating power,
1:34.5	given these threats? I think they would just be watching for now what exactly Beijing means by it.
1:40.0	And of course, some of China's neighbors like Japan and South Korea, they are some of the earliest negotiators with Washington.
1:47.7	The Japanese delegations have already returned home after meeting even President Trump in Washington.
1:53.5	South Korea is due to start their negotiations this week.
1:56.7	As I said, we don't know exactly what Beijing would consider as appeasement, but I think for now they
2:02.5	will continue negotiating because they would very much remember all these Asian governments would
2:07.1	remember how Beijing took that very aggressive stance when Mr. Trump announced those tariffs,
	...

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