tv Business Today BBC News February 5, 2025 4:30am-4:46am GMT
4:30 am
halting of parcels. �*china halting of parcels. �* china pledges parcels. after china pledges retaliatory tariffs on the us. to reduce what i known as shipments considered too small in value to have import tax. this announcement came in about the last hour or so and the statement on the us postal statement on, the us pastel website did statement on, the us pastal website did not give a services website did not give a reason for suspending
4:31 am
j shipmehts ';""—f::' afiefikong j fkong. it is from china and hong kong. it is only parcels so only effective parcels so letters are not affected but it is to be to a is thought to be related to a decision by president trump to the rules on which tighten the rules an which goods tighten the rules sh which goods should tighten the rules ch which goods should be subject chinese goods should be subject to tariffs. lower than 800 us to tariffs. lower than. 899 us did not to tariffs. lower than. 899 us. did not require setters'eiahet fflaa= but now that provision payment..but.noulthat provision been close payment..but.nothhat provision been close not only companies have to pay more 2 -—e: : -—:: " ”butiitwill? 7 " ”butiitwillrtake” 7 but it will take longer e them to fill out a formal for them to fill out a formal and will have to form and they will also have to use a different probably use a different broker manage a as! 5—55; the w hark; 77 w therpriceofm 77 w theipriceofran 77 w thephavebeenfifi w 7 7 7 7th f haveijéénififyifig 77 77 777ea7si7ly7doub7le7 7 77 7775575iiy50dbiélaaé77 77 7775575iiy50dbiélaaé7if'7 77 777ea7si7ly eodbiélaaéii this could easily double and if this latest announcement could effect chinese companies popular with the younger in us generation in the us
4:32 am
especially. on us goods. firing line and tariffs are coming into effect on monday. to speak to him. into making a deal like canada and mexico. china wanted to differentiate itself to an agreement. they will not be implemented for a week and do it before any phone call between china and the us. to have a conversation.
4:33 am
respond? president trump was not happy about the retaliatory measures and expected to discuss this over the phone and reach some kind of conclusion, power battle for supremacy both in trade and technological issues. these issues cannot be resolved very quickly. in the form of a state visit, possibly president trump
4:34 am
china was selective. not a broad range of but broad range of goods. but nevertheless, there are a few areas which a areas which potentially a significant. restricting of raw over agricultural = may also generate products may also generate emotions the side oesrall; it'ie “he? call a response. the us energy sector is in the firing line. additional tariffs on american crude oil, and longer term impact. in the near term, in terms of crude oil, thermal coal, have a big impact. 20% of us exports come
4:35 am
into china and that accounts of fixed contracts in place. we have seen signs of chinese buyers who have to pay these a much more inefficient logistical system for flows globally, tying up the shipping market a little bit but those are all still moderate near—term impact. where the bigger impact will be felt here is deteriorate and you will see in the near—term more volumes
4:36 am
4:37 am
joins me live from delhi. how would they be hoping this plays out? it has reported and talked about is in 7i7n7th7e7777 777 77 7 777i7n7the7establ7ishment -54 fairly optimistic that that is fairly optimistic that the growing war between the growing trade war between the growing trade war between the us and china could benefit them because could fill them, because they could fill , vacuum. in fact, them, because they could fill , vacuum. infact, an the vacuum. in fact, an escalating war escalating trade war between the us and china make oods more goods more competitive indian goods more competitive over there. indian goods more competitive overthere. it indian goods more competitive over there. it will also overthere. it willalsohelpr * ~ 7 " -,.,, h ' address some of the india address some of the concerns about the trade imbalance between us and imbalance between the us and india. the us has not been it is exporting 577-257 577. -:e7 277. -7ee and this is the way importing and this is the way to address this. american looking beyond —:: for other 77 7 for other opportunities
4:38 am
india came u- as and business. india came up as and business. india came up as a viable alternative. it has been to project itself been trying to project itself as a for investment also looking to patch deals and also looking to patch deals as in fact, if we look at figures in the first some figures in the first term of the donald trump presidency, accordin- to according to some india, according to some estimates, was the fourth strongest beneficiary. $50 billion from to over billion the following year. are saying expert organisations are saying sectors that could benefit pharmaceutical, electronic, pharmaceutical, but the looming threats textile but the looming threats of tariff remain in soa of tariff remain in india so a .......o..,..,..,.o,.s.- clear in of tariff rernain in india so a , ~~ , clear in the weeks because the coming weeks because the uncertainty still remains. uncertaintystill remains. you very much. after elon
4:39 am
thank you very much. after elon musk brought about an injunction, accusing 0penai chief executive the chief executive of the bending, -,.--s. .- ., — ,- 77 the mission chief executive of the bending erreeer re er r re ee the mission to at the public mission to develop it for the benefit of humanity so he could cash technology. a trial another technology. a trial next 0penai is could begin next openai is �*a funding round. access to the payment codes. according to treasury officials it's part of a review maximise payment integrity. the team are treasury conducting the review for doge is being led by text from executive tom australia has banned from devices and from government devices and over what it says our esstsme first fifharlf a??? $3377 7 77777 77 7 risks. workers esstsms first fiharlf $7??? $3377 7 77777 77 7 risks. workers will be7 be 7able to be7able to install deepseek
4:40 am
not be able to install deepseek. and must products and services and must remove any they have that had been previously installed, that includes those working in the electoral commission and bureau meteorology. it is less of meteorology. it is less clear deepseek will be clear whether deepseek will be in other sectors such as banned in other sectors such as school. egg unveiled a school. this egg unveiled a chat but at cost the latest data from south korea is to be not of korea is said to be not of concern. thank you forjoining on business today. bye for me on business today. bye for now.
4:41 am
4:42 am
here in the uk, tributes are flowing for 15—year—old yesterday. of his murder. some other stories now. consultant who has been offering potentially from ricky sawyer. if that makes you feel nostalgic, well, you're in luck. whether you take good care of your sims or you are more to know the original game
4:45 am
two time grand slam champion announces her retirement. all roads in the nfl leads to new 0rlea ns with super bowl 59 taking centre stage this sunday. and as premier league clubs spend $160 million in the winter transfer window — mikel arteta says he's disappointed arsenal welcome along to the programme. let's start with the news that former tennis world number one simona halep has announced her retirement following country of romania.
0 Views
IN COLLECTIONS
BBC NewsUploaded by TV Archive on
![](http://athena.archive.org/0.gif?kind=track_js&track_js_case=control&cache_bust=235202150)