tv Business Today BBC News February 6, 2025 2:30am-2:47am GMT
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so announces government limited government employees using the ai platform a using the chinese ai platform a sea, we take deep dive the 7 take. hello and welcome to business today. i'm steve lai. lets go straight to the us—china trade over what it calls a violation of trade rules. this a day after us president donald trump imposed 10% tariffs against china. and the dispute comes as data shows record high imports into the us, pressuring the trade deficit. china a %h- china a with wto just one day after the wto just one day after donald trump border donald trump raised border taxes on chinese goods by 10%, measure he said was address an ’ gangs; a}; influx " ’ usage; {rum} 7 gangs; a7r71 i7n7fllix $f7 nigger 77 to address an influx of illegal drugs. china accused the us of making unfounded and false allegations the role in allegations about the role in
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the fentanyl free to justify tariffs on chinese products. in the fentanyl free to justify tari filing, zhinese products. in the fentanyl free to justify tari filing, china e products. in the fentanyl free to justify tari filing, china e pri the ts. in the filing, china said the measures were discriminatory and protectionist and violated
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and ezgtgctissist ass \2'-ted trade wars. it has also wgrtd £51111; wars. it has. also its wgrtd £51111; wars. it has also its own world toad; wars. it has also its own retaliatory announced its own retaliatory tariffs to begin io meanwhile . meanwhile. data 7on wednesday us release on wednesday showed us imports have their on imports have their highest on record in december, jumping to around $293 as around $293 billion as to businesses respondingto the travellers raising to threat of travellers raising to secure foreign—made goods. china rate as a country with the deficit in goods in the biggest deficit in goods in december sending around $25 billion that us that billion into that us that are the wto purchased, the wto procedures give the us and china 60 days
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resolve7the 7 7 77 resolve7the dispute 7 77 7 eeésivéliieiiéputé through 77 to resolve the dispute through which point has =: right to request the right to request of adjudication by panel of judges. the final wto panel that settles trade disputes remains to function as remains unable to function as the us refuses to approve the of new to appointment of newjudges to the body making it how the body making it unlikely how effective a remedy it be. effective'a remedy it will be. whether the define whether the complaint have repercussions, i am 777 by tommy by tommy 7 as may joined by tommy graham. as may colleague just joined by tommy graham. as may colleaguejust mapped joined by tommy graham. as may colleague just mapped out, joined by tommy graham. as may colleaguejust mapped out, the trade organization does world trade organization does really have any teeth he not really have any teeth he can move forward with this not really have any teeth he can move with |rd with this not really have any teeth he can move with china? this not really have any teeth he can move with china? thi complaint with china? no, china needed i do — complaint with china? no, china needed i do this _ complaint with china? no, china needed i do this as _ complaint with china? no, china needed i do this as a _ needed to do this as a diplomatic matter and to a diplomatic matter and to take a but the dispute stance but the dispute function of the settlement function of the wto basically is not operating now. can if you like. o—u. ..,.. . . ”wii = -: if you could.
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just quickly if you could. the bod i just quickly if you could. the body - i - as - just quickly if you could. the | body - i - as chair, body where i served as chair, the second level of the function, has a close down function, has been a close down for five years, close by for five years, close down by the united states, a bipartisan 20—year complaint about the way it was operating never got it was operatingand never got and finally the us looking jud7ges so that stopped looking judges so that they are too few decide they are too few to decide cases. any complaint filed b7777e77 7 77fi7r75t7by7 7 7 be first by a would be heard first by a banel may take a year as they which may take a year as they do and after that if the often do and after that if the us loses the case they can qzsylosyes the case they can to the body does appeal to the body that does not exist, appealing the not exist, appealing into the void, and there are about a0 cases sitting there now that will never go anywhere because is closed and the wto member it is closed and the wto member governments are nowhere near
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governments are now-herenea r agreement on what reaching agreement on what dispute settlement mechanisms might replace or continue. it 77 toothless legal is basically toothless legal moves, unnecessary diplomatic appealing into the void moves. appeating' - an moves. appeatingintrrthevuid i an interm— moves. appeatingintrrthevuid i an interesting way _ moves. appeatingintrrthevuid i an interesting way to - moves. appeatingintrrthevuid i an interesting way to put - is an interesting way to put it. what next? does it. what happens next? does china have another on china have another avenue on the international for a china have another avenue on the internationalfor a can 77 points points by 77 points by making the diplomatic points by making the that the us well be case that the us may well be the most favoured violating the most favoured nation provision all nation provision that all countries should be treated equally, wto to be equally, wto members to be treated equally, regarding and other 77 77 and other trade 77 and other trade laws tariffs and other trade laws and matters. that makes perhaps, the win some support diplomatically for whatever thatis diplomatically for whatever that is worth ultimately it diplomatically for whatever tt between h ultimately it diplomatically for whatever tt between china ultimately it diplomatically for whatever tt between china and “lately it diplomatically for whatever tt between china and the ly it diplomatically for whatever tt between china and the united is between china and the united states on the larger subject of
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and 77 of trade and diplomat of relations.— trade and diplomat of relations. ., ., , ., ~' relations. how do you think the trade tariffs _ relations. how do you think the trade tariffs will _ relations. how do you think the trade tariffs will play _ relations. how do you think the trade tariffs will play out? - relations. how do you think the trade tariffs will play out? we l chinese tariffs are know the chinese tariffs are not due kick in until next not due to kick in until next week. as you know, probably the us susaended — week. as you know, probably the us suspended the _ week. as you know, probably the us suspended the duties - us suspended the duties momentarily applied to mexico and canada. i don't think this the same here. first of all duties are as opposed -=——e: the large number for mexico to the large number for mexico and canada that the but second, the disagreement and tension the us and and tension between the us and china over e:;'::�* as ie as other is far wellgas other mattecsisfar intense. i think this will a much longer probably take a much longer time to resolve stop great to get your view, thank you so much, �*senior get your view, thank you so much, �* senior official of world trade 77 7 world trade organization.7
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e -e the us7 the us77postal meanwhile, the us postal service as it will to all packages from accept all packages from china and hong kong, reversing a it hours decision it announced hours �*that decision it announced hours �* that the �* has earlier that the order has threatened to have major on online impact on chinese online retailers. the usps did not comment on whether the temporary suspension was tied to the trump order, ending the from china. it also shipments from china. it also has not provided comment on why has not provided'esn�*tmen�*t en'fihy has not provided'esn�*tmen�*t en'fihy has yoyersed decision. it has reversed the decision. meanwhile, korea has gutters; 77 nears; le7ad neat; lead in how some government use the chinese ai of the industry temporarily banned has temporarily banned employees the employees accessing the technology citing security concerns. deepseek is the concerns. deepseeh'is just the take company ladies take company making waves, to cots, be and 7 7 techno7log7y7 is 7 part echno7log7y7 is 7 part of |no7log7y7 is 7 part of a o7log7y7 is 7 part of a p77lan7'7 is everywhere. oartof a olan on ten years everywhere. oartof a olan the on ten years everywhere. oartof a olan the project on ten years everywhere. oartof a olan the project vow zen years everywhere. oartof a olan the project vow to years everywhere. oartof a olan
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the project vow to turn 's ago. the project vow to turn china from the world's factory the world and to the world innovator and ecology expos have largely -. the s 77 the rising 7 77 the rising of 7 succeeded. the rising of has taken the world by deepseek has'tahen the world by but it is of a storm. but it is part of a wider trend, storm. but it is part of a widertrend, chinese storm. but it is part of a wider trend, chinese apps are up wider trend, chinese apps are up the charts around the rising up the charts around the world. tiktok, cathcart, t move name a few. it is not move, to name a few. it is not just our phones, china is £le.�*£�* ogr bhones. china is dominant eel�*!�* ogr bhones. china is dominant in £le.�*£�* ogr bhones. china is dominant in other as7 look 7 as7 look at 7 as look at cars, areas as well. look at cars, overtaking the previous of motoring, selling epicentre of motoring, selling more than any other country thanks to hip electric carmakers like ey a lot of carmakers like ey d. a lot of the success comes from china the 7 the biggest being the world's biggest battery maker as well. solar 7 china is china is responsible �*an estimated 80 an estimated 80 - �*an estimated 80 - 9596 as ::7 es. gupply supply chain7.777 777777 77 7 7 7 777 supply chain. by the global supply chain. by it is that 60% 2028 it is predicted that 60% of the world energy
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of the world renewable energy be generated china. in will be generated in china. in goones well, china rules drones as well, china rules the time you hear the skies. next time you hear the above your head there buzzing above your head there is a chance it is a is a 70% chance it is a drawing made in china. three of the top ten three makers are chinese. how has china done all this? it how has china done all this? lt part of a long—term in is part of a long—term plan. in 2015 the chinese government set 201.5 the chinese government set an project called in china 2025,7 in china 2025, 7wa nting in china 2025,7wanting to made in china 2025, wanting to move away? being the world for7 7 for7 low—cost 7 for7low—cost goods to a take ow—cost goods to a take leaderit goods to a ta ke leader res7ponsible global take leader responsible for its own supply chain of cutting—edge technology. was cuttingredge technology successful, cuttingredoe technology successful, so cuttingredge technology successful, so in many largelysuccessfulysor—in many chinese are industries the chinese are catching up, and as the industry is leaving... across tenant target _ industry is leaving... across . tenant target _ the set 7 7 set more set 7 more than7250 mini plan set out more than 250 mini goals and according to analysis
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from a newspaper, 86% from a chinese newspaper, 86% of them have been ticked off. made in china 2025 has been a success by many hailed a success by many allen ellison as well. so has ellison as well. so how has china done _ ellison as well. so how has china done , ., , china done it? they have been moderately — china done it? they have been moderately successful, - china done it? they have been moderately successful, some l china done it? they have been i moderately successful, some was the incredibly successful, using its capitalism system the incredibly successful, using its theialism syste sets a whereby the government sets a research and sets the yeggaych agenda and sets the agenda. the funding agenda. the foreign research and enticing them to stay in china or release to give their innovation ideas 7 �*a chinese �* a chinese companies. over a chinese companies. according to us congress, the chinese government to chinese government plan to or spend $1.5 trillion on raise or spend $1.5 trillion on grants for research, development or buying foreign also the us and have accused china of allies have accused china of short cutting some of its take innovation stealing innovation by stealing property through intellectual property through for example, us healing for asafiaemue makers, china has this. but succeeded in
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7s77u7cc7e77ed7ed7ir717 elf 7 7 7s7u7cc7e7ed7ed7inall7it7s77 has not succeeded in all its 2025 goals, still years behind 2925 goals. still years behind— .-- — ”e ., �*countries in 2925 goals. still years behind— ..o — ”r r— �*countries in ship 2925 goals still years behind— ..o — ”r r— �*countries in ship making other countries in ship making with progress that get even with progress that you get even worse thanks to more sanctions and controls. plus the us worse thanks to more sanctions and controls and s the us worse thanks to more sanctions and controls and s the l firms government and private firms are hundreds of are throwing hundreds of billions of dollars into staying ahead.- billions of dollars into staying ahead. if? - lace staying ahead. i�*fff’ lace riaht staying ahead. eff - place right here... taking place right here... other countries other industrialised countries germany and japan have like germany and japan have also launch counter plans as but there was no doubt a well but there was no doubt a new high—tech �* has new high—tech leader has emerged with big ambitions, emerged with'big'ar'nbitiohs. pockets and plenty of deep pockets and plenty of patients. we have �*story a website related to big intellig7er71ce.7 in at“? hiellgegé e; the at“? hiellaegé e; 7 the biggest news are seeking 7 7 are seeking to organisations are seeking to join a lawsuit against openai organisations are seeking to joi| unauthorised iinst openai organisations are seeking to joi| unauthorised use openai organisations are seeking to joi| unauthorised use of )enai organisations are seeking to joi| unauthorised use of the li for unauthorised use of the the behind content, the company behind tudge etp denies the 7 and 7a7nd7toi7d77 7a7nd7tol7d7the bbc allegations and told the bbc uses publicly available data thatis uses publicly available data that is in with widely that is?in line with widely legal precedents. that accepted legal precedents. that if it edition of business is if it edition of business you soon.
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and redevelop it. he said gaza could be the riviera of the middle east. so what is trump's plan for the 1.8 million with humanitarian hearts, and there are many of them and i think other countries will accept also. egypt, saudi arabia and turkey are rejecting the idea say there are less bullying and more social interaction.
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