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Transcripts For BBCNEWS Asia 20240704

Lets look at what this materials move means for the rest of the world. The consensus is that will be damaging not fatal for the United States. The reason china dominate the market is not because it is the only place where gallium and germanium exists, but because it is by far the cheapest place you can get them from. You dontjust dig them up from the ground, they are derived from a more complicated Reduction Process and china has that capability. So governments and businesses will have to rely on cheaper substitutes and alternative sources. It means prices will go up, it means some products might be less effective and some production right be delayed. So this sort of poses a bit of an existential thread for western industry, its the gradual erosion of capability. But in a broader sense this threatened the overall narrative of globalisation, the idea that
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Transcripts For CNN CNN Tonight 20240706



everyone. i m laura coats. this is cnn tonight. you just saw banks bust. there are fears about what could be happening overseas as we speak and how that could affect us all. we ll have more on that later in the show. plus, the president of mexico blaming the united states for the fentanyl crisis, charging lawmakers haven t done a thing about it. what is being done about the fentanyl that s killing thousands and thousands of every single year. there is news out of the full ton dcounty grand jury investigation of president trump. remember this call trying to overturn joe biden s victory in the state. so, look, all i want to do is this. i just want to find 11,780 votes, which is one more than we have because we won the state. well, apparently, there is another call as well, and one only the grand jury has heard. now you re really interested. we ll tell you about it in a moment. a lot to talk about with my panel. obama white house senior director, communications direc ....

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Transcripts for BBCNEWS Asia Business Report 20240604 01:34:00

The restrictions on supply chains. these two particular minerals are not the most widely used, they are not the ones that the united states and other countries are the most reliant on china for, they re not the hardest to get, but i think it s important to keep in mind that if china had put these sorts of restrictions on refined lithium or cobalt or something like that, it would be much more impactful than gallium and germanium. so china has intentionally selected ones that it can use to send a signal. they are clearly important to the semiconductor industry, but they are fungible, they can be swapped out for other things that in many instances are supplied by other places. so it is not going to create a crisis for the industry. speaking of restrictions, china has slapped export controls on certain drone related equipment, like engines, lasers and anti drone systems. ....

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Transcripts for BBCNEWS Asia Business Report 20240604 00:33:00

Some of the challenges around decarbonisation. earlier, i spoke with anna ashton of political risk consultancy firm eurasia group, who explained the impact of restriction on supply chains. these two particular minerals are not the most widely used, they are not the ones that the united states and other countries are the most reliant on china for, they re not the hardest to get, but i think it s important to keep in mind that if china had put these sorts of restrictions on refined lithium or cobalt or something like that, it would be much more impactful than gallium and germanium. so china has intentionally selected ones that it can use to send a signal. they are clearly important to the semiconductor industry, but they are fungible, they can be swapped out ....

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Transcripts for CNN CNN Tonight 20240604 02:05:00

It is also a port security problem. there is a lot more to it that frankly you can unite and clamp down on china for. what the united states doesn t get is data an seizures. i was at ice immigration and customs enforcement. a all hinge on cooperation between countries. you have to get the folks on the other side of the border to not wag their fingers at what s happening in the united states and actually just work together on the problem. and i think regardless of the demand questions, and they re important to address here in the united states, but you also need a political partner across the border who is willing to give you the data on what s going on his own own country, and that s not happening. it is about the transparency aspect as well. it is one thing to have the data. what would a partnership look like to be effective with mexico? we have to have stronger border security. the border is an open wound in ....

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