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Transcripts For BBCNEWS Business Briefing 20240714

We start our programme in the us where trade tariffs will be hiked yet again on more goods on china. The latest round will affect another 125 billion worth of products everything from smartwatches to flat screen tvs, footwear to bluetooth headsets. All in all it will take the total of goods traded to 550 billion that will now fall under tariffs imposed by president trump. American companies and their consumers, are feeling the pain. A coalition of us industry organisations has asked mr trump to reconsider his plan. China this time has indicated it wont immediately retaliate with tariffs of its own. In fact, the Chinese Commerce Ministry Says beijing and washington are discussing the possibility of talks next month. Lets speak to the market analyst craig erlam. Why are the latest tariff hikes different . We have to remember that when you implement these tariffs you look at yo ....

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