US President Donald Trump today forged ahead with tariffs of 125 percent against Chinese goods - escalating the US-China trade war.

Trump’s sweeping tariffs have unsettled the global economy since coming into force over the weekend, and China has vowed to fight back with tariffs of their own.

Mahon China Investment Management CEO David Mahon says China won't blink first in the stand-off.

"Trump's already blinked on all the other tariffs that he flung at countries quite randomly, so I don't think this is an economic argument. Reciprocal tariffs are another form of self-injury."

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US President Donald Trump today forged ahead with tariffs of 125 percent against Chinese goods - escalating the US-China trade war.
Trump’s sweeping tariffs have unsettled the global economy since coming into force over the weekend, and China has vowed to fight back with tariffs of their own.
Mahon China Investment Management CEO David Mahon says China won't blink first in the stand-off.
"Trump's already blinked on all the other tariffs that he flung at countries quite randomly, so I don't think this is an economic argument. Reciprocal tariffs are another form of self-injury."
LISTEN ABOVE

Best of Business is the home of all things business at Newstalk ZB, from morning market updates right through to incisive interviews with New Zealand’s top business leaders and decision makers. 

Whether you’re a small business owner or interested in what’s going on in the Big End of Town, this podcast encompasses the sharpest voices and minds in the world of business.

Best of Business is the home of all things business at Newstalk ZB, from morning market updates right through to incisive interviews with New Zealand’s top business leaders and decision makers. Whether you’re a small business owner or interested in what’s going on in the Big End of Town, this podcast encompasses the sharpest voices and minds in the world of business.

Best of Business is the home of all things business at Newstalk ZB, from morning market updates right through to incisive interviews with New Zealand’s top business leaders and decision makers.

Best of Business

David Mahon: Mahon China Investment Management CEO on the trade war brewing between the US and China

https://api.omny.fm/orgs/7784f840-c291-422a-924b-ad9000bbad71/clips/60eed611-9f51-4f5a-9559-b2bb006a1e57/transcript