tv Business Today BBC News February 10, 2025 4:30am-4:46am GMT
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us president donald trump says he has plans for more tariffs, as chinese duties on american goods come into effect. plus... world leaders and tech bosses will gather for an ai summit in paris. the spotlight is on deepseek. hello, and welcome to business today. i'm steve lai. let's begin in the united states, where president donald trump has said that he will impose a 25% tariff on all steel and aluminium imports, with a full announcement
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way round. but it does clearly show this is probablyjust the start and during the campaign trail, trump did promise to slap so far, he's done 10%. to rise over the coming months and quarters. and with china's own retaliatory tariffs set to kick it has seemed rather measured, they have filed a complaint yeah, it is fairly measured. their tariffs are around $20 billion worth of tariffs, compared to 400 billion of goods targeted by the us. so clearly, this is not a symmetrical retaliation.
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it took about six months — yes, we really could bejust at the beginning of this trade . between h 7 betweenthe: : between the us i w between the us and 7 w between the us and china. —— war between the us and china. china's consumer inflation has accelerated to a five—month from a year earlier. tariffs by the us and other european countries have added second largest economy. the proposal had been previously criticised by trump on several occasions. indian prime minister narendra
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modi is headed to france archana, what can you tell us about mr modi's plans? term as prime minister of india. some of the talks are under way in terms of of some of the and defence aircraft and defence and also, tra nsfer technology transfer for some of these manufacturing some of these in remember, france is india. remember, france is already the largest already the second largest supplier to india in defence supplier to india in this relationship in fact has over the been strengthening over the last few years. where both
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france wants sell more francs, wants is! sell my; is! and india has been 7 to diversify its wanting to diversify its defence out of and more towards the but what is western countries. but what is— w. ——— ~ ——— — interesting that france would also be it. mgfii weulfiéfis’g be. the ai summit. n 7335777777”??? 7 7” v ”whasbieenhwfir ' has been wanting to get a india has been wanting to get a leg up as as technology and leg up as far as technology and seen as a big lead ai leg up as far as technology and seen as a big lead aland be seen as a big lead in aland in diplomatic techneleav. !n. dink-f�*s“ ;7, say it is techneleag. !n. diplflr�*ftc ' ' - "fl ' say it is also observers say it is also that france and interesting that france and the eu are somehow also looking at —e to have 77 to have more india to have more collaborations especially in cellaberatiens espeeiallgrinrrr ~ . , of a time when their e with china is a relationship with china is a bit is bit stressed. and that is changing geopolitics and discussions on tariffs. and that makes it interesting” — w w, 77 this that makes it interesting” — 7—7 w— 77 this will be the first because this will be the first of the post which part at the visit. pest flhish' 7 ~ ~ ~ , minister would head prime minister modi would head to the united states to meet president trump amidst all the discussions on tariffs.- discussions on tariffs. yes, lots to come _ discussions on tariffs. yes, lots to come over - discussions on tariffs. yes, lots to come over the - discussions on tariffs. yes, i lots to come over the week for that.
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element of productivity. as we look to recover, the broader to mid—low end so essentially, what we see at this juncture, the economy orchestrated very quickly. so that's the challenge of these mid—cycle corrections, tech bosses and experts from more than 80 countries are set to gather at the ai summit in paris. and with china's new ai release deepseek, the pole position marc cieslak reports.
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sums on the development of this technology the company behind chatgpt. later on in the week, representing us interests. close behind the us, we have china. now, the effect that chinese companies have had has been quite dramatic. just a few weeks ago, deepseek, the chinese ai company, announced that its technology had costjust $6 million to develop. a lot less than the amounts that we've seen from us and european rivals. this has had a dramatic effect, wiping $1 trillion off the value of us tech stocks in a day.
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especially as the uk government has gone all in on al, summit by sharing a deepfake video on social media. he is shown dancing to a hit song and playing a role in a spy comedy film. the french president said the video made him laugh. and was pretty well done. he added that artficial intelligence could result he has announced france will put $110 worth of pet $1.19 hittieh werth at w ' ' in artificial investment in artificial intelligence in the coming intelligence in the cemihg he has also intelligence in the ceming he has also urge france years. he has alsg urge france europe years. he has alsg arge france europe to be at the heart the ai revolution, seizing of the ai revolution, seizing on every and on every opportunity and their principles. we 7 with
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