0805 Economic Trade War - a podcast by tbs eFM

Today’s theme: Economic Trade War



Tensions between the US, China and the rest of the world are escalating with the on-going trade war. The trade war was triggered by the US president Donald Trump last year when he proclaimed to impose tariffs on imported items in the US, or anything that threatens its national security. With expert guests, we look into the history and basic concepts of a trade war while getting latest updates of the US-China trade war, and assess how the situation will affect us here in Korea.



The Conversationalist
with



Professor Yang Junsok (???)
- Department of Economics, Catholic University of Korea


The history of trade war goes back to 19th century when there was an Opium War between the Qing dynasty and the British Empire, but can you tell us what trade war means and what it entails?
Trade deficit with China has been a major issue during the Obama administration and we could even say Trump took advantage of the situation with the Make America Great Again slogan. Can you give us a background of where this sentiment against China stems from in the US?


&

Tommy Wu
- Senior economist at Oxford Economics Hong Kong Ltd


Some experts say if such support plan is expanded to all the other industries that are impacted by Chinese goods will equal up to the value that US is hoping to gain from tariffs on Chinese goods, which means there will be no winner at the end from this trade war. What’s your opinion on that?

What kind of rifle effect will this trade war have on surrounding economies like South Korea and Hong Kong, which trade with both US and China?




Media Monster



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