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World Business Report: First broadcast 2018/04/04 22:32 GMT: China Hits Back at US Tariff Plans

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China Hits Back at US Tariff Plans

First broadcast 2018/04/04 22:32 GMT

First broadcast 2018/04/04 22:32 GMT: China Hits Back at US Tariff Plans

BBC World Service - World Business Report, China Hits Back at US Tariff Plans

In the escalating trade dispute, China plans taxes on US planes, cars and soybeans.

The world's top two economies appear to be locked in an escalating trade dispute. Hours after Washington proposed taxes on 1,300 Chinese products; Beijing announced plans to impose tariffs on US planes, cars and soybeans. The soybean has been called China's biggest weapon in this dispute, because it is the world's biggest soybean importer - and American soybean farmers' biggest customer. We speak to Roger Johnson, President of the National Farmers Union in Washington. Another factor at the centre of the dispute is the allegation that China has been infringing US intellectual property rights - so how big a problem is this? We ask Riley Walters, policy analyst on the Asian economy at the Heritage Foundation in Washington. Also in the programme; universal basic income comes to Africa. The BBC's Senior Africa Correspondent Anne Soy has visited a Kenyan village where the scheme is being tried out. Could political instability and unrest in Ethiopia be damaging investors’ confidence in one of Africa’s fastest growing economies? And today marks the deadline for all British companies employing more than 250 people to report their gender pay gap. The BBC's Lucy Burton has been looking at the figures.

(Picture: Workers load imported soybeans onto trucks at a port in Nantong in China's eastern Jiangsu province. Credit: AFP/Getty Images)

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