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Marketplace All-in-One

Trade volumes shrink on tariff worries

Marketplace All-in-One

Marketplace

News, Business

4.81.3K Ratings

🗓️ 28 April 2025

⏱️ 8 minutes

🧾️ Download transcript

Summary

From the BBC World Service: From rising prices to falling trade volumes, the impact of radical new U.S. trade policies is starting to filter through. But China says it's still “fully confident” it will achieve its target of roughly 5% economic growth this year, despite the escalating trade tensions. Also, global airline revenues are expected to top $1 trillion for the first time this year — thanks, in part, to pesky fees.

Transcript

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0:00.0

A Chinese clothing giant has raised prices by up to 377%, but only for the US as the trade war continues.

0:10.6

Live from the UK, this is the Marketplace Morning Report from the BBC World Service.

0:15.0

I'm Sarah Rogers. Good morning.

0:17.1

China says it's fully confident it will achieve its target of about 5% economic growth this year,

0:23.9

despite an escalating trade war with the US.

0:27.5

And we're now starting to see the impact of those trade tariffs.

0:31.2

Imports from China to the US are down and prices for some American shoppers are up.

0:36.5

The BBC's Mariko Oywey joins us from Singapore.

0:39.1

Hi, Mariko.

0:40.3

Hi, Sarah.

0:41.6

So we're seeing those tariffs play out now, aren't we, on imports to the US from China?

0:46.9

Can you just run us through those numbers?

0:49.6

Yeah, sure, Sarah.

0:50.4

But before that, I think I have to make a full confession that I've talked too much about the trade war.

0:55.6

I'm losing my voice.

0:56.9

So apologies in advance.

0:58.7

But yet, in terms of the real world impact, so for example, the port of Los Angeles, that's where imports from Asia usually arrive.

1:06.0

And this week, the volume of imports are down 30% compared to last week.

1:11.4

Because while Washington has paused many of the tariffs on other global economies,

1:16.9

for China there's that 145% tariffs.

1:20.5

And of course, China also retaliated with its own 125% tariffs on American imports.

1:26.6

And are there particular areas, Mariko, that this is hitting more

...

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