4.6 • 5.7K Ratings
🗓️ 17 April 2025
⏱️ 32 minutes
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0:00.0 | This is The Guardian. |
0:02.0 | Today, Trump's Trade War, the view from China. |
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1:04.0 | I'm just entering Iwo international wholesale market, which is the world's biggest wholesale market on China's east coast. That's Amy Hawkins, the Guardian's senior China correspondent. |
1:08.0 | It's a real sight to behold, so I'm currently on the stationary floor, |
1:13.1 | and there are just thousands and thousands of pens and notebooks |
1:17.8 | and staplers and anything else that you might buy in an office supplies shop in the UK. |
1:25.1 | Places like Iwu are on the front line of Donald Trump's escalating trade war. |
1:29.4 | Chances are if you bought something on Timo or Sheehan or from poundland or any kind of small |
1:37.1 | manufactured goods in the past 20 years, it could well have come through Iwu. |
1:47.3 | Trump's ever-changing tariff regime has shaken up global trade, and nowhere more so than in China, |
1:53.9 | where he's imposed tariffs of 145%. |
1:57.2 | We lost with China over the Biden years trillions of dollars on trade, trillions of dollars, |
2:05.7 | and he let them fleece us, and we can't do that anymore. |
2:14.6 | But China is fighting back and looking to sell more to the rest of the world and to its own people. |
2:21.6 | There's this air, I think, in China, even though the economy is very dependent on exports, |
2:26.4 | a lot of people like to say we don't need the US anymore. |
2:29.0 | It's not a big deal if the US goes away. |
2:31.3 | With trade between the world's two superpowers on ice, there are growing fears of an even |
2:36.0 | greater, more dangerous escalation. |
... |
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