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Business Matters: China retaliates with US import tariffs

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China retaliates with US import tariffs

03/04/2018 GMT

BBC World Service - Business Matters, China retaliates with US import tariffs

The Chinese government has announced tariffs on a range of goods produced in America

The Chinese government has announced tariffs on a range of goods produced in America's heartland

Revenge is sweet - or at least that seems to be the hope in Beijing - as the Chinese government announced tariffs on a range of goods produced in America's heartland. Taxes of up to 25% will apply on 128 different US goods - including pork, fruit, nuts and wine. That's what happens when you don't follow WTO rules, says Zhang Jian-Ping of the Chinese Academy of International Trade and Economic Cooperation. 
Emily Feng of the Financial Times in Beijing says it's a finely calibrated political response.
Diane Swonk, chief economist for Grant Thornton says soya beans will play a role.
The BBC's Sameer Hashmi reports on the Indian farmers fighting to have billions of dollars in personal loans cancelled. 
Shona Ghosh, Senior Tech Reporter from Business Insider tells us why she thinks Spotify is selling shares directly to the public.
And the spice Turmeric has found a surprising popularity in western markets as a coffee flavouring. The BBC's Rob Young tries a turmeric latte for us - sometimes known as 'golden milk'.
Jyoti Malhotra, Consulting Editor at the Indian Express, in Delhi, and Alexander Kaufman, a business and environment reporter with the Huffington Post in New York, join presenter Fergus Nicoll in London.

(Picture: Chinese employees checking quality on shoes for export at a factory in Shangrao, in China's central Jiangxi province.  Credit: AFP/Getty Images)

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