4.8 • 1.3K Ratings
🗓️ 22 April 2025
⏱️ 7 minutes
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From the BBC World Service: Sky-high tariffs on Chinese goods arriving at the U.S. border are already having a knock-on effect for many companies. Many manufacturers in China are in a state of limbo, having to warehouse stock and hoping for a more favorable trade deal eventually. Meanwhile, the international diamond trade is keeping a close eye on India, where U.S. Vice President JD Vance has been talking trade with Prime Minister Narendra Modi.
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0:00.0 | How are Chinese manufacturers coping with Trump's tariffs live from the UK? |
0:06.5 | This is the Marketplace Morning Report from the BBC World Service. |
0:10.0 | Hello, I'm Nick Qureshi in for Leanna Burn. |
0:13.1 | Sky-high tariffs on Chinese goods arriving at the US border are already having a knock-on effect for many companies. |
0:19.8 | Major US retailers met President Trump yesterday, |
0:23.3 | and in China, many manufacturers are warehousing stock. |
0:27.1 | As the BBC's Laura Bicker found, |
0:29.6 | when she visited a sales fair in China's Manufacturing Heartland. |
0:36.6 | We're heading into the Canton Fair, but this place has so many halls, but even we're getting lost and having to ask for directions. Are we going the right way? |
0:49.8 | Yes. |
0:51.6 | The whole fair takes up a space of around 200 football fields, |
0:57.9 | so that gives you an idea of the size of this. |
1:01.3 | And today's present bit is apples, cowards and just run or two feet and one. |
1:08.2 | This area has everything you might need for the home, from toothbrushes to vacuum cleaners, coffee machines, blenders, washing machines, fridges. |
1:22.7 | As well as household goods, this year, the Canton Fair is full of bewildered traders, |
1:28.3 | wondering if they can still sell to the US market, including Lionel Shoe from Sorbo Technology. |
1:34.3 | For US market, we have more than 15%. |
1:38.3 | 50 or 15? |
1:39.3 | 50, 50, 50, 50% more than 50% in the U.S. market. |
1:48.1 | So it's very hard for us because of crazy Trump. |
1:49.2 | This is crazy. |
1:50.2 | He's a crazy one. |
... |
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