Global trade tensions have dominated talks at the China Development Forum 2025 in Beijing.
Business leaders have been discussing the impact of U.S. tariffs.
Business leaders have been discussing the impact of U.S. tariffs.
Category
🗞
NewsTranscript
00:00In China, electric vehicles can gain a 20km charge in just 20 seconds, but some people
00:06might miss out on this game-changing technology.
00:09Why tariffs?
00:12Tariffs are always in the long-term inflationary.
00:15The trade war, only losers.
00:18Do tariffs help the US economy at all?
00:20No, not at all.
00:21Here at the Dow United States Guesthouse in Beijing, where China hosts its most prestigious
00:26guests, the China Development Forum is underway.
00:30Busy leaders and scholars from around the world have gathered to discuss the latest
00:34development in both global and Chinese economies.
00:38One of the hottest topics?
00:40Trade barriers.
00:42Participants are raising concerns over rising tariffs, even as the US appears determined
00:45to escalate trade tensions with nearly everyone.
00:48He has not picked exclusively on China.
00:51He has gone after Canada, Mexico, the European Union, everyone.
00:57The Trump administration recently threatened the EU with a 200% tariff on wines and champagne.
01:02But here's the catch.
01:04Americans love European wines for their affordability and quality.
01:0717% of all wine and liquor consumed in the US comes from Europe.
01:12So who do you think will end up footing the bill to keep their favorite sharknet flowing?
01:26But it's not just about price or why, US consumers are also missing out on the latest
01:32electric vehicle technology, the very trend shaping the future of transportation.
01:37While Tesla dominates headlines, the world's largest EV manufacturer is actually from China.
01:41During his first term, Trump imposed a 27% tariff on Chinese cars.
01:46President Biden doubled down, raising it to 100%.
01:49The result?
01:50China's affordable tech-packed EVs and many priced under 30,000 US dollars are effectively
01:55locked out of the US market.
01:57President Trump calculates that he can use tariffs, inflict more pain on others than
02:04the retaliatory tariffs could inflict on the US.
02:08But does it truly?
02:09We wait and see.
02:11We see, for example, that advanced manufacturing and high tech, the investment, the foreign
02:17direct investment into China is actually still increasing.
02:20What we see from clients is actually that the US and China have distinct and quite complementary
02:27developments in technology and actually generate benefits for both countries and for economic
02:33growth in both countries.
02:34The US and China employ starkly different trade strategies to advance global influence.
02:41China grants zero tariffs to least developed countries with established diplomatic relations,
02:47boosting market access to poorer countries.
02:50The US wields tariffs as a leverage to counter trading balances, protect industries and challenge
02:57practices like IP theft, prioritizing dominance but risking fragmentation and acquisitions
03:05of unilateralism.