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The EU's new carbon emissions excuse for trade protectionism

Transcripts for BBCNEWS Asia Business Report 20240604 01:39:00

play in ensuring that we are all round the same table, we engage constructively and find common solutions to global challenges tectonic. common solutions to global challenges tectonic. using the united challenges tectonic. using the united states challenges tectonic. using the united states should - challenges tectonic. using - the united states should remove any trade barriers it has with china? i any trade barriers it has with china? ~ ., , china? i think that putting trade barriers china? i think that putting trade barriers and - china? i think that putting l trade barriers and resorting china? i think that putting - trade barriers and resorting to nationalistic policies and market fragmentation, we have lived through this and we know it impoverished us all. so we all should have a rules based international order trade framework that works to the benefit of citizens throughout the world. benefit of citizens throughout the world- benefit of citizens throughout the w

Transcripts for BBCNEWS Asia Business Report 20240604 00:38:00

key role to play in ensuring we are all round the same table, we engage constructively and find common solutions to global challenges. d0 find common solutions to global challenges- challenges. do you think united states should challenges. do you think united states should remove challenges. do you think united states should remove any - challenges. do you think united states should remove any trade barriers it has vagina? i states should remove any trade barriers it has vagina? barriers it has vagina? i think are putting barriers it has vagina? i think are putting trade barriers it has vagina? i think are putting trade barriers - barriers it has vagina? i thinkj are putting trade barriers and resorting to nationalistic policies and market fragmentation, we have lived through these and we note in 5 race as is all. china. we should have a rules based international order framework that works for the benefit of citizens around the world. haifa citizens around the world. how w

Transcripts for BBCNEWS Asia Business Report 20240604 23:39:00

china? i trade barriers or has with china? 4“ . trade barriers or has with china? ~ ., , china? i think that putting trade barriers china? i think that putting trade barriers and - china? i think that putting l trade barriers and resorting china? i think that putting - trade barriers and resorting to nationalistic policies and market fragmentation, we live through this and we know it and publishers us all. we should all have space in international trade for a mark that works to the benefit of citizens throughout the world. how worried are throughout the world. how worried are you throughout the world. how worried are you about - throughout the world. how worried are you about trade protections? worried are you about trade rotections? , ., , ., protections? history has taught us that trade protections? history has taught us that trade protectionism - protections? history has taught us that trade protectionism is i us that trade protectionism is not good for any of the partner

Transcripts for BBCNEWS World Business Report 20240604 13:36:00

because countries are becoming more insulated, we are seeing more trade protectionism emerge and that also has leaders here quite worried about what that means going forward. for now, thank you for that immediate reaction from those new figures we have had from the imf. we are following events at the imf, they are giving further details about their updates, just those headlines to remind you of that the uk is predicted to be the worst performing advanced economy this year, the us in contrast is forecast to grow by 1.6% this year and a further i.i% in contrast is forecast to grow by 1.6% this year and a further 1.1% in 2024. so 1.6% this year and a further 1.1% in 202a. so the big question, what does all this mean for interest rates? so mira touched on it suggesting interest rates could start falling once again back to what we saw before the pandemic. this was in a report released a little earlier today. predicting the increase in borrowing costs we have been feeling could be a permanen

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