The retaliatory tit-for-tat rise in tariff rates between the US and China has been cancelled, following talks in Switzerland and the so-called "reciprocal" tariff rate of 34% is lowered to 10%. It's a ceasefire on what has become a global trade war as markets are rising again, and container ships can set sail across the Pacific.But economically, who benefits more from this short-term ceasefire—Washington or Beijing?Britain's Prime Minister, Sir Keir Starmer has promised the government's new immigration measures will mean net migration falls "significantly" over the next four years.Keir Starmer unveiled plans to ban recruitment of care workers from overseas, tighten access to skilled worker visas and raise the costs to employers in an effort to curb near record net migration.
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Tariffs have fallen....but is the trade war over?
The US and China have agreed a deal that will significantly cut the import tariffs, or taxes, both sides have imposed on one another for a 90-day period.We hear the reaction from Chinese business owner, the former undersecretary for international trade at the US Department of Commerce and a trade analyst.You can contact us on WhatsApp or send us a voicenote: +44 330 678 3033.
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26:27
US and China set to hold trade talks in Geneva, Switzerland
Join Roger Hearing ahead of this weekend's meeting in Switzerland of Chinese and American diplomats for trade talks this weekend. The stakes are high, as the outcome could reset the future of economic relations between the world’s two largest economies. Also, we hear how Chinese Auto makers, who struggle to sell vehicles in North America because of the import tariffs, are expanding rapidly in many markets around the world.And the government of Mexico is suing Google Maps over its decision to use the name "Gulf of America" instead of the longstanding "Gulf of Mexico".
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26:27
US-China trade talks set to begin in Switzerland
The US President Donald Trump has proposed cutting tariffs on goods from China to 80%, ahead of trade talks between the two countries in Switzerland. The world’s two biggest economies have been in a trade war since January.The boss of the company behind Zara and other fast fashion brands has been calling on the EU to crack down on Chinese e-commerce firms Shein and Temu. We hear from Óscar García Maceiras, the Chief Executive of Zara's parent company Inditex. Plus Will Bain looks at cricket’s Indian Premier League – one of the richest sporting events in the world – which has suspended matches for a week in the wake of growing tension between India and Pakistan.
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26:28
The first tariffs deal between US and UK - who will be next?
The US has agreed to reduce import taxes on a number of British goods - should we expect other deals on the way?Also, who is Pope Leo XIV? And how is he going to deal with the Vatican's finances?The Spanish parliament is debating reducing the current workweek from 40 to 37.5 hours for over 12 million people, we hear why the Spanish business association thinks it's a bad idea.And not all of us have $200bn to give away, but Bill Gates does and he says he will. We find out why.You can contact us on WhatsApp or send us a voicenote: +44 330 678 3033.
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