China Readies Its Trade-War Arsenal

WSJ What’s News

The Wall Street Journal

News, Daily News

4 • 4K Ratings

🗓️ 10 April 2025

⏱️ 13 minutes

🔗️ Recording | iTunes | RSS

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Summary

A.M. Edition for April 10. Relief sweeps through global markets after President Trump blinked on reciprocal tariffs yesterday, even as the U.S. and China hurtle toward an all-out trade showdown. China bureau chief Jonathan Cheng explains Beijing’s options as it prepares to hit the U.S. where it hurts. Plus, the U.S. and Russia complete a prisoner swap. And Kyiv claims more than 150 Chinese citizens are fighting alongside Russian troops in Ukraine. Luke Vargas hosts. Sign up for the WSJ’s free What’s News newsletter. Learn more about your ad choices. Visit megaphone.fm/adchoices

Transcript

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0:00.0	Hello Blue Skies.
0:04.0	Hello moving onwards and upwards.
0:06.8	Say hello to taking control of your money with the UK's number one investment and savings platform.
0:12.6	Open your account today at HL.co.uk.
0:16.1	Hargreaves Lansdown. Hello Life.
0:19.4	Invest, save, retire.
0:23.0	To verify claim, see hl.co.uk forward slash platform.
0:27.9	You may get back less than you invest.
0:33.5	Relief for global markets after President Trump blinks on tariffs,
0:38.4	though for China, it's full steam ahead toward a trade war.
0:42.1	China comes into this pretty well-prepared psychologically.
0:45.1	They have thought about all the bits of leverage that they have.
0:48.2	So there is some pain that China can inflict on the U.S. reciprocally,
0:51.7	but beyond the tit-for-tat tariffs, there's so much a China can do.
0:55.4	Plus, the U.S. and Russia complete a prisoner swap, and our Ukraine editor shares an exclusive
1:01.0	glimpse into Ukrainian intelligence on the extent of Beijing's involvement in the war.
1:06.5	It's Thursday, April 10th. I'm Luke Vargas for the Wall Street Journal, and here is the
1:11.0	AM edition of What's News. The top headlines and business stories moving your world today.
1:19.5	Investors around the world are breathing a sigh of relief after President Trump announced
1:24.1	a 90-day pause on so-called reciprocal tariffs yesterday, an abrupt change
1:29.4	in direction that followed what had been simultaneous declines in equities, bonds, and the dollar.
1:35.3	Journal Markets editor Katie Barnato says almost all international exchanges are rising today,
	...

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