'The art of the deal'?

Coffee House Shots

The Spectator

News, Politics, Government, Daily News

4.4 • 2.1K Ratings

🗓️ 10 April 2025

⏱️ 15 minutes

🔗️ Recording | iTunes | RSS

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Summary

Two days ago, talk of a 90-day pause on Donald Trump’s ‘reciprocal tariffs’ was branded ‘fake news’ by the White House. But yesterday, the President confirmed a 90-day pause on the higher tariff rates on all countries apart from China. There is some confusion about whether this was The Donald's plan from the start – although the safe assumption is that it wasn't, and that someone senior in the White House sat him down and explained the market chaos he has caused. Is this 'the art of the deal’?

Regarding China, the President wrote: ‘Based on the lack of respect that China has shown to the World’s Markets, I am hereby raising the Tariff charged to China by the United States of America to 125 per cent, effective immediately.’ This is an increase on Trump’s part from the 104 per cent levy, which China countered with an 84 per cent tariff on American imports. What should we expect from the US–China trade war?

Katy Balls speaks to Cindy Yu and Kate Andrews.

Produced by Cindy Yu and Oscar Edmondson.

Transcript

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0:00.0	This episode of Coffee House Shots is sponsored by Alliance Witten Investment Trust. From the OPEC
0:06.0	oil crisis of the 1970s, the financial crash in 2008, to the COVID epidemic and Liz Truss's
0:13.1	doomed premiership. There has been no shortage of economic crises over the last 58 years. And yet,
0:19.6	throughout that time, every single year, without fail,
0:22.8	we've paid out an increased dividend to our shareholders. In fact, Alliance Witten's history
0:28.3	dates all the way back to 1888. And today, we manage around £5 billion in assets.
0:35.5	If you're looking for a less stressful way to invest in stocks and shares,
0:39.2	learn more about Alliance Witten and find your comfort zone.
0:46.3	Hello and welcome to Coffee House Shots. I'm Katie Balls and I'm joined by Kate Andrews.
0:51.3	And I'm sad to say for the last time in her current capacity, Cindy Yu, who is leaving
0:59.1	us to join the Times, where she's going to be writing about China and also appearing in video
1:04.3	and other platforms.
1:05.4	But we might steal you back for occasional, you know, they'll let you do that, right?
1:09.3	It will have to be for a hefty fee by that point, Katie.
1:11.4	Yeah, the fees are famously big, particularly these days.
1:16.2	Now, let's talk about the big news of the day other than your imminent departure, Cindy.
1:21.3	And that is Donald Trump and tariffs.
1:24.1	Kate, we've spent most of the week, some of the weekend, trying to understand guess what Donald
1:30.9	Trump might do in his global trade war.
1:34.2	He said that he was committed to it, that he was not for turning.
1:37.8	And yet we have something that looks like a change in tact last night, right?
1:41.9	Looks like a very significant change in tact from the president who yesterday morning was
	...

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