tv Business Today BBC News February 10, 2025 2:30am-2:46am GMT
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steel and aluminium imports with a full announcement to come later on monday. to the super bowl, trump also said he was planning reciprocal i'll be announcing probably tuesday or wednesday at a tuesday'gr'we'dnesday'ata news rock— ri bbed conference rock—ribbed we, 7 , , 7 reciprocal tariffs and very simply, it's if charge us, simply, it's if they charge us, we charge them. all. trump's comments come as china's retaliation on us tariffs are set to take effect. the duties target american imports, including fossilfuels and farm machinery. imports from china. in terms �*china in terms �* china specifically, it's not going to add a great 7522 of 77 77 damage,
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because the us that's because the us already very high tariffs on has very high tariffs on and chinese steeland aluminium. , ,, export much to china does not export much to the us and likewise for tariffs. for the reeiereealtarifis; fertherrr , ~ part, the us �* has most part, the us now has higher on coming most part, the us now has higher than coming most part, the us now has higher than otherning most part, the us now has higher than other way ire"; china the". the ether way—7 ”7—— 7 77— ,, so ire"; china the". the ether way —— , — 77 ,. 77 ”a, so from trend chiha thah the ether way —— , — ,, —— ,, 77—7 so from china's around. so from china's perspective, not too perspective, it's not too concerning but it is clearly that is probablyjust ishqw—thét thisis rprebarbty just start of ishqw—thét this—is rprebarbty just start of tariff durin escalation and during the trail of 5:— 77 to slap tariffs course promised to slap tariffs up course promised to slap tariffs up to 60% china, he has up to 60% on china, so he has just done io%, so is just done io%, so there is clearly here that those clearly a risk here that those tariffs could continue to rise over the coming and over the coming months and ma 1mm quarters r tariffs set to kick retaliatory tariffs set to kick in today, what did you make in. teday. whetdidysu tsiss: sf so in. teday. whetdid3su -t.siss: sf so far. in. teday. whetdid3ssu -t.siss: sf so far. has china's response so far. it has seemed rather measured that haveifiled w haveifiled a w they have filed a complaint with world latith. the iris-rid trade" tt " . eith the wertd trade" tttt . t organization. it is fairly measured, _ organization. it is fairly measured, there - organization. it is fairly - measured, there - only measured. there tariffs 9nt3~ . ~ . —— . ~ about 20 billion worth from us and of imports from the us and that over 400 billion of compares to over 400 billion of goods being by us
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goods being targeted by the us so clearly, this is not retaliation. —— a asymmetrical retaliation. —— a krun also symmetrical. krun also announced a bunch of nontariff including export on some us controls on some us companies being targeted. but for the most part, those nontariff measures more threats than gnyeasyyesare more threats than at this point. escalation at this point. for the a..a.—. t these theyexport controls these. will be now subject to minerals will be now subject to licensing but i suspect minerals will be now subject to the licensing but i suspect minerals will be now subject to the shortsing but i suspect minerals will be now subject to the short term ut i suspect minerals will be now subject to the short term those spect minerals will be now subject to the short term those exports in the short term those exports will continue. and i think they will. sentihue. and ! think. they .. .--. .. .- . ~ ... essentially will. sentihue. and ! thinks. they ss ssss ss ss s ss ss s essentially trying will. sentihue. and ! think. they ss sss. .. .- . .. ... place ntially trying t: chi-s mm jnegotiating chips to bring to table for any future talks = -= trump some trump 5 some kind trump some kind of deal. isytoo soon to sa there been an deal. isytoo soon to sa there - been any fallout has been any economic fallout or impact on china's economy from this round of tariffs? i from this round of tariffs? ' at this stage it is still think at this stage it is still too early to accept any damage —— expect. i think at this stage the share of chinese exports go into the us is stage the share of chinese exports rising) the us is stage the share of chinese exports rising as ie us is stage the share of chinese exports rising as is result assuatts “s'fifi as a fssgitfif’ " w 7 "w t w to assuatts hs'flfi as a fssgitfif’ " w 7 "w t w to ramp assuatts hs'flfi as a fssgitfif7 77 77 7 7777 77 77 to ramp up "orders to front some
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-e—— the tariffs is what of the tariffs and that is what we saw during the first trade �* as well and i "as well and i think the from £55115; 77 777 from7th7e7fi7rs7t7 7 77 from7th7e7fi7rst7tra7de is even once the first what is even once the first round of tariffs come into they won't necessarily effect, they won't necessarily be and that's bejthagdamaging and that's. . .. us itsihaldamaging and that's. . .. us companies bejthagdamaging and that's. . .. us companies are because us companies are probably tafiffs 7i n tafiffs7in the future further tariffs in the future so for now at least the incentives are for them to continue to ramp up orders from china. bung first —= war it tacris'abeut six'months the of the from the imposition of the first tariffs before we really to see much of a started to see much of a negative impact on chinese m about the new chinese tariffs on our prime minister modi heads to washington this week he joins us via zoom. what we treat as an ongoing economic for india's
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777777 7co7ll7e7cti7on7 77 777 7 7 7 7co7ll7e7cti7on7a7n7d 7 these these midcycle collections, last time we saw was in the midst of was 2005—6 in the midst of pretty cycle for on pretty'ta�*fge’sysie for indie on macro jpretty'ta�*rge’sysie for indie on macro these thggmacro front. these midcycle that we see, part of is drizren is drisen bi; is drisen hi; the is drizreh hi; the changing it is driven by the changing drivers for the economy which was risen more to the primarily was risen more to the post—covid government expect which acceleration expect which for school still inaudible for school still .. to sort of escape inaudible for school still to sort of escape the managed to sort of escape the brunt of that and more e the major two importantly the major until two now all that is clearly fading off and more as —:: for one private 7 but recover, the gum recover. the broader te low end gum recover. the broader to low end of the consumption —: to recover for to see bag to recover for us to see economy get back to a much the economy get back to a much higher growth part. china's consumer inflation has accelerated to a five—month tariffs by the us and other european countries have added
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second largest economy. signal options much as what's up. they're an what's up. they're offering an encrypted that shields what's up. they're offering an encryp data. that shields what's up. they're offering an encryp data. billy that shields what's up. they're offering an encryp data. billy jafarli hields uses's data. billy jafarli caught uses's data. billyjafarli caught up with �* president uses's data. billyjafarli caught u; whitaker �* president uses's data. billyjafarli caught u; whitaker and esident uses's data. billyjafarli caught u; whitaker and asked: uses's data. billyjafarli caught u; whitaker and asked her meredith whitaker and asked her what trump administration what the trump administration may mean for the world. may mean. for the tech world.” . ss . .- .-- . ... .. perspective may mean. for the tech world.” s ss s ss sss s sss ss perspective what from signal's perspective what we know is have always we know is what we have always known, but it is used by and so what 5 _|5 everyone and so what signal is going to do is what it is always done, which is continue obsessively focus our continue to mission, continue to obsessively a truly infrastructure private infrastructure for communications in an where, over the w where, over last w where, overwlast 30 era where, over the last 30 or so years, we see the human sss yearssswe see the human to privacy sse yearssswe see the human to privacy eroded on all right to privacy eroded on all and so, the fronts and so, that's the banner we uphold and that's
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we will keep doing and what we will keep doing and we do people what we do know is people the spectrum, from all across the spectrum, from all walks of life in positions walks of life in all positions of power, lyonne and sf payer. heme and understand value jsf payer. heme and understand value of privacy and the of the value of privacy and the of signal. the value of privacy and the of si . nal. ., , w because wwca7_ewnl77w wcae7_anus point because elon musk specifically indicated a couple specifically indicated as ceupte months specifically indicated as couple months ago that signal tsi specifically indicated as couple months ago that are 1al tsi specifically indicated as couple months ago that are not as addressed and he said it being addressed and he said it without by the way, i'm sure you familiar and i'm sure you are familiar with that. and i'm sure you are familiar with that-— and i'm sure you are familiar with that._ have i with that. yeah. isle .t.a.c like with that. yeah. ihrshasej _ like that, - with that. yeah. ihrshasej _ like that, being | with that. yeah. thrshasfe! _ like that, being so to the president give you at 77 at all? 7 pause at all? we saw that wheat elon and pause at all? we saw that wheat - elon and we _ pause at all? we saw that wheat - elon and we wm from elon and we were confused by it, of course, because there was no evidence of a in signal and vulnerability in signal and was no report of any there was no report of any security issue with signal and ta ke 7 ta ke reports7 we take those reports extremely seriously. and what happens when people make kind of claims evidence is without evidence is people don't know what to believe and so, there's lot of clean—up. 7 ”assist 7 7 777a7c7£7uéi whe7n as actual consequences when rights don't humansrights actiuists den't �* if human-tights asti'srists dent �* if they can trust
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platform. well, you know, and when they _ platform. well, you know, and when they do _ platform. well, you know, and when they do make _ platform. well, you know, and when they do make a - platform. well, you know, and when they do make a decision| when they do make a decision potentially based on misinformation to to a misinformation to switch to a a.. secure platform, a lot of less secure platform, a lot of times that life or death times that they life or death decision. a lot of times the difference life or difference between life or death is the between death is the difference between having your activities and your ideas and your right to preserving work by ideas and your right to prese who work by ideas and your right to prese who would by ideas and your right to prese who would stop by ideas and your right to prese who would stop you by ideas and your right to prese who would stop you and those who would stop you and being able to do those those who would stop you and being ab and do those those who would stop you and being ab and do thost and ta ke77 7 take77that 7 7 {35615 as; 7 7 7 {315615 duty7o7f77 7 7 7 {315615 dutyof7ca7re7 7 {3156137 duty7o7f7ca7re7very —ttte and we to anyone seriously and we say to anyone and if you have and everyone if you have evidence, please bring to evidence, please bring it to us. ., ., ., us. you had indicated that the idea _ signal's - idea of moving signal's jurisdiction the us jurisdiction from the us was the table in elsewhere was on the table in the event of a trump election. was even a that france was even a is that something possibility. is that something you are thinking about or are planning for now? we have no we are planning for now? we have no - we are - based | plans. we are currently based in the us. but are focusing our market oui’ market across on our market presence across the world. because needs the world. because anyone needs to be able to contact anyone
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else using signal and else using signal securely and safely state lines, safely acress state lines? tttttt "t the world. and acress the werldesend thetss .. . matters acress the werld.ss.a.nd thatss .. . matters to acress the werldesend thetss .. . matters to us so we are ww w-w to be a presence in a happyte be apresence in. a of different countries, number of different countries. have been focused on market 7 market and 7 market and the 7 7 77 7 7marketand7the us european market and the us market for the last year marketsfersthe last year and we will continue ie a truly -lobal intelligence. with china's new ai release deepseek, the pole position probably one of most aspects of the ai interesting aspects of the ai summit is single is to summit is single is vying to .. . .. the next ai global become the next al global the us currently superpower. the us currently dominates companies dominatesagainst companies google, microsoft, like google, microsoft, 0penai all with vast sums of
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all with investing vast sums of development of this the development of this technology and all will be every senior staff to sending every senior staff to the summit, including people like sam ullman, the ceo of 0penai, the company openal, the company behind was openal, the cennpany behind was vice presidentjd chatgpt. was vice presidentjd vance be at vance will also be at the summit later on in the week, us interests. behind the us we have china. the effect that companies have had has quite npanies have had has quite dramatic. ave had has quite dramatic. ave ad has quite dramatic. ave a few 5 been suite dramatiss leetafewt tt tt .. .. ago deepseek, been suite drannatiss leetafewt tt tt .. .. ago deepseek, the chinese company, announced that its a! centpanyg'anned needthat its. cost just a! centpanyg'annednsedthat its. cost just $6 technology had costjust $6 million to develop a lot less than the amounts we've seen the us from the us and european rivals. this has had dramatic rivalszthis’has had a dramatic wiping rivals:’t'his’has had a dramatic wiping $i rivals:’t'his’has had a dramatic wiping $1 trillion of effect. wiping s1. trillien ef " t ... t t " value of us tech stocks in the value of us tech stocks in ope this new economic .ttt t ttifttst . .. .. .. .. t if you like, presents reality, if you like, presents opportunities for the uk and jopportunitiesfor the uk. and eu, jopportunitiesfor the uk and eu, especially the has 7 7 has all in has 7 all in on 7 that 7 7 that the technology ai, hoping that the technology be able to will be able to streamline public services as well as
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