Retaliatory tariffs by China on the US are “limited and measured,” Cindy Yu, host of the Chinese Whispers Podcast tells Al Arabiya News.
#US #China #Tariffs
#US #China #Tariffs
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00:00China has launched limited tariffs after Trump imposed sweeping new levies.
00:06Will we see a repeat of the two-year trade war between the US and China
00:11during Trump's first presidential term?
00:14Or do you feel like this appears more measured the second time round?
00:19It certainly is a little bit more measured, but I think it will nevertheless be a repeat,
00:24in the sense that this is just the opening salvos from both sides.
00:28Trump, during the election campaign, said that he was going to levy up to 60% tariffs on Chinese goods.
00:34So what we're seeing today is really low compared to what he has previously talked about.
00:39Similarly for the Chinese, their counter-retaliatory measures have been pretty limited
00:46and controlled in the areas that they're talking about.
00:49As a correspondent said there, it will be a week until they really come into play.
00:53So basically, both sides are dancing around this question of negotiations.
00:57And the Chinese side have said, basically, we're going to dance with you.
01:01We're going to see what you want. But let's talk. We're not just going to back down.