World Business Report

EU pauses retaliation tariffs against US

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Synopsis

The EU has paused retaliation tariffs against US. Spokesman for European Commission, Olof Gill, said the EU was ready to negotiate President Trump has hiked tariffs on Chinese goods by 125%, and the WTO is warning that trade between the U.S. and China could plunge by as much as 80%. We hear from the Asia Development Bank. And how are businesses and economies there coping as global trade routes shift and uncertainty grows? We speak to Dr Stavros Nicolaou, who sits on the executive committee of the Aspen pharmaceutical company in South Africa Davina Gupta presents