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World Business Report: First broadcast 2018/12/03 01:06 GMT: US and China Reach Temporary Trade Truce

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US and China Reach Temporary Trade Truce

First broadcast 2018/12/03 01:06 GMT

First broadcast 2018/12/03 01:06 GMT: US and China Reach Temporary Trade Truce

BBC World Service - World Business Report, US and China Reach Temporary Trade Truce

US President Trump and Chinese President Xi agreed to halt new trade tariffs for 90 days

US President Donald Trump and his Chinese counterpart Xi Jinping have agreed to halt new trade tariffs for 90 days to allow for further talks. At a post-G20 summit meeting in Buenos Aires, Mr Trump agreed not to boost tariffs on $200bn of Chinese goods from 10% to 25% on 1 January. Yu Jie is China Research Fellow at the London-based think-tank Chatham House. She tells us about the political ramifications of this ‘trade truce’ for China and President Xi. 
Israeli police have recommended indicting Prime Minister Benjamin Netanyahu and his wife Sara for alleged fraud and bribery. They are suspected of awarding regulatory favours to the Bezeq telecom firm in return for positive media coverage of the couple. Mr Netanyahu has vehemently denied the allegations, calling them a “match-fix”.  Aaron David Miller, Vice-president and director of the Middle East program at the Woodrow Wilson Centre in Washington, gives his take on the politics of the accusation.

Last month Tanzania's President John Magufuli said he prefers Chinese to Western aid as it comes with fewer conditions. This comes at the same time many foreign investors are getting nervous about Tanzania’s economic policies and the President’s confrontational stance on social and political issues.  Judith Tyson, Research Fellow at the Overseas Development Institute, joins the show to discuss how Chinese loans may be shifting alliances in the country.

And finally, a lot of thought has been put into how Brexit will affect various British workers in Europe, but one group that hasn’t cropped up much is the small army of interpreters working in the heart of Brussels, the European Parliament. The BBC’s Manuela Saragosa travelled to Brussels to hear how the British interpreters are dealing with their country’s imminent departure.

Plus, we’ll get a regular view on the week’s economic news with independent economist Michael Hughes.

(Photo description: US President Donald Trump, US Secretary of the Treasury Steven Mnuchin, US Trade Representative Robert Lighthizer along with members of their delegation hold a dinner meeting with China's President Xi Jinping (out of frame) at the end of the G20 Leaders' Summit in Buenos Aires, on December 01, 2018. Photo credit: SAUL LOEB/AFP/Getty Images)

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