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Episode details

World Service,18 May 2016,26 mins

US Hits China With New Steel Import Duties

World Business Report

Available for over a year

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 BBC'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 BBC'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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