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US Hits China With New Steel Import Duties

China has reacted angrily to the imposition of a 522% US tariff on cold-rolled steel.

China has reacted angrily to the imposition of a 522% US tariff on cold-rolled steel. Steel analyst Peter Brennan from S&P Global Platts fills us in on the likely impact of the row. Also in the programme, there are protests in Nigeria as its cash-strapped government imposes a big hike in petrol prices. We discuss Nigeria's challenges with Uzoma Dozie, chief executive of Diamond Bank. Zimbabwe is introducing 'bond notes' to be used as an IOU based on the dollar. The Βι¶ΉΤΌΕΔ's Brian Hungwe reports on whether they will stem a cash shortage in the country. Plus we find out why Sweden's celebrated technology startups are threatening to pack up their smartphones and leave. And the Βι¶ΉΤΌΕΔ's Aaron Heslehurst reports from on board the world's largest cruise ship, MS Harmony of the Seas, which is about to embark on its maiden voyage.

(Picture: A worker at a steel market in China. Picture credit: Getty Images.)

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27 minutes

Last on

Wed 18 May 2016 17:32GMT

Broadcast

  • Wed 18 May 2016 17:32GMT