← Marketplace Morning Report
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Stuart Clarkson
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Tomorrow never Comes Another Delay to Trump's Tariffs Live from the uk this is the Marketplace Morning Report from the BBC World Service. I'm Stuart Clarkson in for Lianna Byrne. Good morning. Well, once again President Trump has delayed the introduction of trade tariffs with the world. Fourteen countries have had a letter from the White House saying the pause that was due to expire tomorrow will now carry on until August 1st. Japan and South Korea are among the countries facing a renewed threat of 25% tax on US exports with other import duties ranging from 30% for South Africa to 40% for Myanmar and Laos. Here's the BBC's Michelle Fleury. The President has again delayed the imposition of the so called reciprocal tariffs that he first announced on April 2nd. We have these beautiful letters. The letters he sent to Japan, South Korea, Malaysia and others described the U.S. s commitment to what he called a great trading relationship, but said that the new tariff rates were necessary to address the US's trade deficits with those countries. All new tariff rates will apparently now go into effect on August 1st. But Mr. Trump also issued a threat to further increase tariffs on countries which aligned themselves with what he claimed were the anti American policies of the BRICS group of developing nation. So that's Brazil, Russia, India, China, South Africa and five others currently all meeting in Brazil. Speaking in Rio, Brazil's president responded angrily to Mr. Trump's threat. So we don't want an emperor, our country's a sovereign. If Trump issues tariffs, other countries have the right to do the same. There is the reciprocity law. I think it's not responsible for a president from a country like the United States to threaten the world with tariffs on social media. Honestly, there are other forums for the President of a country the size of the United States to talk to other countries. Even by the standards of the second Trump administration, it's been a turbulent 24 hours for global trading relations with more uncertainty ahead. That's Michelle Fleury reporting. Several Asian countries have said they'll continue to negotiate with the US over those threatened tariffs. The BBC's Katie Silver has this from Singapore. Japan, whose trade envoy has visited Washington seven times to negotiate, has been told it will face 25% levies in a matter of weeks. The prime minister, Shigeru Ishiba, says Japan can't reach an agreement with the US As Tokyo is unwilling to make easy concessions. In Thailand, the government said it was surprised to learn it would face tariffs of 36% and was preparing backup plans like diversifying export markets. South Korea and Malaysia both told they'll face tariffs of 25% and have said they'll continue to try to negotiate. Katie Silver reporting with South Africa's president. Cyril Ramaphosa has questioned the reasoning behind the U.S. s decision to potentially impose that 30% tariff on import of its goods. He says it's based on a contested interpretation of the balance of trade between South Africa and the States. The BBC's Mahony Jones is in Johannesburg. Mr. Ramaphosa finds himself in a difficult position. Thousands of South African jobs, particularly in the agricultural and automotive industries, depend on being able to export to the United States. In his statement, he pointed out that more than half of the goods his country imports from the US Are not taxed. He added that for the rest, the average tariff on imported goods entering South Africa from the US stands at 7.6%. He explained that his administration would keep trying to strike a trade deal with Washington. But this will be a blow to Pretoria, which has been under pressure from the Trump administration for months. The US President has stopped all aid to South Africa, accusing it of discriminating against its white minority. Pretoria has repeatedly denied this. Let's do the numbers now. And tariff uncertainty hit Germany's exports in May. They dropped 1.4% compared with April, with exports bound for the US slumping 7.6%. And the British carmaker Jaguar Land Rover says sales dropped by 15.1% in the three months to June, again partly because of the threat of tariffs. The US Is the firm's second biggest market after the eu. Now in the UK Employers will be banned from using non disclosure agreements to silence victims of workplace sexual misconduct or discrimination under government plans. The BBC's Ian Watson has this report. Employers would be banned in future from using non disclosure agreements or NDAs, to silence employees who've suffered hard and discrimination in the workplace. If the government's changes to its own employment legislation are agreed, employees who have signed NDAs can be reluctant to speak out for fear of legal action. Under the government's proposals, NDAs could still be used for their original purposes, such as maintaining commercial confidentiality. Campaigners and trade unions have welcomed the move. The nursing union said it would ensure victims of bullying and abuse would no longer be silenced. That's the BBC's Ian Watson. Well, Zelda Perkins, who's a former assistant to the disgraced film producer Harvey Weinstein, is a long term campaigner against legal arrangements that aim to silence potential victims. She's backing the UK government's efforts. There isn't a standard NDA. They can put anything they like in there. They can use any threat that they want to. Because of the nature of an NDA, nobody gets to see it. So I mean, they can say anything. And to make the victim afraid to speak, it's not just necessarily a financial fear, it's a reputational fear. It's fear of what might happen to those close to you. That's the campaigner, Zelda Perkins. And One of the world's biggest professional gaming events, the Esports World cup, starts today in Saudi Arabia. Thousands of fans are expected to cheer on their favorite players in arenas across Riyadh, with many more following the action online. Here's the BBC's Andrew Rogers. The tournament attracts the biggest prize pot in competitive gaming with more than £50 million up for grabs over the next seven weeks across 25 games, including call of Duty, Street Fighter and even online chess. Now in its second year, the event has encouraged some esports teams to scale up and take part in as many events as possible. That's because the club with the most individual wins gets an extra £5 million. Sorely needed as some investment in the industry has dried up and clubs need to do more to compete for the best global talent. Andrew Rodgers reporting on those huge prizes for esports now. Thanks for listening. Today, our producer was Linda Walker. Our editor is Naomi Rainey. In the uk I'm Stuart Clarkson with the Marketplace morning report from the BBC World Service. From Emmy award winning series this Old House comes a new podcast, this Old House Radio Hour. We tell stories of the artisans, builders and visionaries that keep the spirit of craftsmanship alive. We also uncover America's forgotten homes with cheap old houses. Hosts Elizabeth and Ethan Finkelstein. Places with history, soul and price tags that seem too good to be true. Listen and follow this Old House Radio hour from LAS Studios and American Public Media. Wherever you get your podcasts.