Ritika Gupta
Appearances
Global News Podcast
$7.4bn settlement over painkiller that fuelled US opioid crisis
His rhetoric has not been that different to what he said on this campaign trail or his inauguration. I mean, this was the first major speech to these global business leaders, the financial elite. I mean, the irony is that Davos is all about international cooperation of business, but Trump's nationalistic instincts, again, very much full on display.
Global News Podcast
$7.4bn settlement over painkiller that fuelled US opioid crisis
In terms of how serious he is, many will say this is Trump, the negotiator coming out On tariffs, this is something that business leaders wanted more clarity on, especially after that 10% threat on tariffs on Chinese imports, the 25% on Canada and Mexico that he said could come by February the 1st. So it is hard to say whether this is more of a negotiating tactic.
Global News Podcast
$7.4bn settlement over painkiller that fuelled US opioid crisis
The only thing that he has yet committed to is a trade review by April the 1st, which does give China and some of those other countries time to address it and try to avert some of those levies.
Global News Podcast
$7.4bn settlement over painkiller that fuelled US opioid crisis
Well, the risk here, and this is something that the head of the World Trade Organization has warned, that imposing these tariffs could have catastrophic consequences for the global economy, because it's likely that there will be a risk of tit for tat. There could be a global trade war. If you remember, the first Trump administration suggests that countries will indeed try to retaliate if the U.S.
Global News Podcast
$7.4bn settlement over painkiller that fuelled US opioid crisis
does impose tariffs, but maybe in a way that is a bit more measured and trying to minimize those escalating tensions with Washington. Some countries did succeed in getting those tariffs lifted, but if they conceded to wider deals to reform trade agreements or increasing the purchase of US goods.
Global News Podcast
$7.4bn settlement over painkiller that fuelled US opioid crisis
Europe has said, Valdis Dombrovskis, he's the European Union's Commissioner for the Economy, he said that Europe will respond to any tariffs imposed by Donald Trump in a proportionate way. Similarly, Canada's Trudeau has said that they were responding to the Trump tariffs too.
Global News Podcast
$7.4bn settlement over painkiller that fuelled US opioid crisis
Yes, he did demand interest rates drop immediately. And this is something that the US president cannot directly control. This is up to what is an independent Federal Reserve. But there are concerns that he will try to influence that. He has previously said that he believes the US president should be able to influence interest rates.
Global News Podcast
$7.4bn settlement over painkiller that fuelled US opioid crisis
Similarly, with OPEC, the US is not an OPEC member, and he cannot directly influence OPEC's decision on its supply of oil. But again, it's something that he is clearly trying to influence.