Trump Slaps 245% Tariff on China as Trade War Escalates | Vantage with Palki Sharma | N18G", discusses the significant escalation in the U.S.-China trade war, highlighting the imposition of a 245% tariff on Chinese imports by the Trump administration. It also delves into the broader implications of this move on global trade dynamics and economic relations.
Here are some suggestions for an alternative video title and relevant tags:
Here are some suggestions for an alternative video title and relevant tags:
Category
🗞
NewsTranscript
00:00Thank you very much.
00:30Transcription by CastingWords
01:00Transcription by CastingWords
01:30Transcription by CastingWords
01:32Transcription by CastingWords
01:34Transcription by CastingWords
01:36Transcription by CastingWords
01:38Transcription by CastingWords
01:40Transcription by CastingWords
01:42Transcription by CastingWords
01:44Transcription by CastingWords
01:46Transcription by CastingWords
01:48Transcription by CastingWords
01:50Transcription by CastingWords
01:52Transcription by CastingWords
02:18US, not the other way around. China should be the one making the deal. So clearly the White House
02:23wants a deal with China. They just want Beijing to make the first move. The question is, how will
02:30China respond? Beijing had ruled out further tariff hikes last week. They said anything more
02:36than 125 percent is a joke. That is China's tariff on the US, 125 percent. They will not hike it
02:43further. As for talks, China is open to it. They have appointed a new trade on Wi-Fi negotiations,
02:49but only on the basis of mutual respect. If the US truly wants to resolve the issue
02:57through dialogue and negotiation, it should stop its practice of maximum pressure and cease with
03:02threats and blackmail. Instead, it should engage in talks with China on the basis of equality,
03:07mutual respect and reciprocity. Let me recap that for you. The US wants China to pick up the phone
03:16and call Donald Trump, but China is saying stop the bullying. Lift the tariffs first and then we can
03:21talk. Like I said, it's an eagle battle. Neither side wants to appear weak and Trump is going the
03:28extra mile. The tariffs are just one part of his strategy. He's piling the pressure on his allies
03:33too. A top Trump official has issued an ultimatum to Europe. He wants Brussels to pick between American
03:40and Chinese technology, specifically communications technology. Let me give you the background here.
03:46Elon Musk's Starlink is trying to enter the European market, but a lot of countries are apprehensive.
03:51They do not like his meddling in European politics, nor do they like his president's tariffs,
03:57the US president's tariffs. So what does the US do? It issues a Bollywood style ultimatum,
04:03either pick us or the Chinese. Let me quote what US officials said. If you're concerned about
04:11Starlink, just wait for the Chinese Communist Party's version, then you'll be really worried.
04:18Now, to be fair, he does have a point. The problem is the Americans are also unreliable.
04:24It's like a rerun of the Cold War. Back then, the Americans had the same attitude. You're either
04:29with us or against us. And Trump is reviving that Cold War approach. It's bad news for America's
04:36trading partners. Until now, the trade war was limited to the US and China, but now Trump is
04:41taking it beyond those arenas. He's asking other countries to publicly choose. And China knows this.
04:49They know that many countries are rethinking their partnership with the US. So they're trying
04:54to cash in. And China's strategy has been twofold. The first is to attack the US. No diplomacy or
05:01outtree, just full on wolf warrior attacks. China state media is taking the lead here.
05:07Let me quote from their current, their recent piece. This was published in a Chinese mouthpiece.
05:13The US is not getting ripped off by anybody. The problem is the US has been living beyond its
05:19means for decades. It consumes more than it produces. The US should stop whining about itself
05:25being a victim in global trade and put an end to its capricious and destructive behavior.
05:31Now, this approach has a clear motive to present China as a challenger to the US as the only country
05:37standing up to Donald Trump. Which brings us to the second part of China's strategy, reaching out to
05:43partners. Xi Jinping is on a tour of Southeast Asia. He has visited Vietnam and Malaysia already.
05:48His next stop is Cambodia. Do you know what's common between these countries? All of them face
05:53steep tariffs from Donald Trump. So Xi Jinping is swooping in as a savior, as a wise statesman who is
06:02taking on Donald Trump. Listen to what he said.
06:05We must uphold the multilateral trading system, keep global industrial and supply chain stable,
06:11and maintain an international environment of openness and cooperation.
06:20How about that? China is preaching cooperation and openness. On most days, it would sound absurd.
06:28But then you look at Donald Trump and you think, maybe not. The US is squandering its goodwill across
06:34the world and by extension playing into China's hands. This is a clash between the art of the deal
06:42and the art of war. Let's see how it unfolds.
06:44Greetings you with aloha and namaste. I love India. The present occupation of a territory by another
06:55country pertains to India, what we saw in Kashmir. How do you see Trump's America? Yes, the current
07:04administration behaves differently from the previous administration.
07:15Are you saying that there are foreign powers who are trying to bring down the current
07:20government in Syria? Exactly. Iran, maybe Russia.
07:27Prime Minister Modi committed to South-South, you know, corporations.
07:32before world sun and Japan. Not over 50%.
07:37Is Ukraine prepared to pay the price for that peace? No compromises
07:41at the cost of territorial integrity and sovereignty.
07:44Right so you need to give .
07:50You need to give