Canada-Trade Tensions/Uncertainty

U.S. tariffs on Chinese goods bring uncertainty to global economy: Canadian economist

  • English
  • 日本語

Shotlist


Vancouver, Canada - Recent (CGTN - No access Chinese mainland)
1. Board reading (English) "Asia Pacific Foundation of Canada"
2. Various of Stewart Beck, president, CEO of Asia Pacific Foundation of Canada, at work
3. SOUNDBITE (English) Stewart Beck, president, CEO with Asia Pacific Foundation of Canada (partially overlaid with shot 4):
"I think there are a lot of things to worry about right now. There's lots of uncertainty in the world, and I think for people who are doing business, uncertainty is the biggest challenge. Give certainty for companies in terms of how they do business. So if you're making a decision where to invest, how many people to employ, all these things are a factor of what's stability gives you."
++SHOT OVERLAYING SOUNDBITE++
4. Various of employees working
++SHOT OVERLAYING SOUNDBITE++

FILE: Ottawa, Canada - Date Unknown (CGTN - No access Chinese mainland)
5. Canadian national flags
6. Various of facade of Royal Canadian Mint headquarters

FILE: Toronto, Canada - June 24, 2016 (CCTV - No access Chinese mainland)
7. Various of traffic, pedestrians

Vancouver, Canada - Recent (CGTN - No access Chinese mainland)
8. SOUNDBITE (English) Stewart Beck, president, CEO of Asia Pacific Foundation of Canada (partially overlaid with shot 9):
"In reality, intra-regional trade in Asia is huge. So China has other options. You've got large markets in other parts of Asia that you can work. And you have much better access in many ways than North American companies do to that market. So I worry less about China than I do about us, because you're in the part of the world that's growing the most rapidly. So that's to your advantage. So yes, you may have high tariffs and that's going to be more difficult to export into the U.S. market, but you can still export to the EU, you can still export to Canada, but more importantly, you have the whole Asia region."

++SHOT OVERLAYING SOUNDBITE++

FILE: China - Date Unknown (CCTV - No access Chinese mainland)
9. Various of containers at port
++SHOT OVERLAYING SOUNDBITE++

FILE: Shanghai, China - Date Unknown (CCTV - No access Chinese mainland)
10. Various of skyscrapers along Huangpu River

Storyline


U.S. imposition of tariffs on Chinese goods has escalated trade tensions between the two economies and brought uncertainty to the world, said a Canadian economist.

Stewart Beck, president and CEO of the Asia Pacific Foundation of Canada, made the remarks with the China Global Television Network (CGTN) amid rounds of U.S. tariffs, with the latest marking 200 billion dollars worth of Chinese products.

According to Beck, the unilateral trade protectionist measures of the United States have puzzled businessmen, making them trapped in a state of doubt about the future.

"I think there are a lot of things to worry about right now. There's lots of uncertainty in the world, and I think for people who are doing business, uncertainty is the biggest challenge. Give certainty for companies in terms of how they do business. So if you're making a decision where to invest, how many people to employ, all these things are a factor of what's stability gives you," he said.

Beck said China, some of whose trade partners are Asian countries with fast economic growth, will not be seriously hurt in trade disputes; it is the United States that should think twice about itself.

"In reality, intra-regional trade in Asia is huge. So China has other options. You've got large markets in other parts of Asia that you can work. And you have much better access in many ways than North American companies do to that market. So I worry less about China than I do about us, because you're in the part of the world that's growing the most rapidly. So that's to your advantage. So yes, you may have high tariffs and that's going to be more difficult to export into the U.S. market, but you can still export to the EU, you can still export to Canada, but more importantly, you have the whole Asia region," he said.

China is currently working on targeted measures and will release and implement the measures at an appropriate time to help Chinese and foreign enterprises in China cope with possible difficulties and challenges, according to the country's Ministry of Commerce on Thursday.

U.S. President Donald Trump's decisions of imposing tariffs on Chinese exports have drawn intense criticism across the globe.


DOWNLOAD
  • ID : 8091211
  • Dateline : Sept 20, 2018/File
  • Location : Canada
  • Category : economy, business and finance
  • Duration : 1'44
  • Audio Language : English/Nats
  • Source : China Global Television Network (CGTN)
  • Restrictions : No access Chinese mainland
  • Published : 2018-09-21 09:29
  • Last Modified : 2018-09-22 11:13:00
  • Version : 1
  • ID : 8091211
  • Dateline : 2018年9月20日/資料映像
  • Location : カナダ
  • Category : economy, business and finance
  • Duration : 1'44
  • Audio Language : 英語/自然音声
  • Source : 中国中央電視台(CCTV)/中国国際電視台(CGTN)
  • Restrictions : 中国大陸向けの使用は不可
  • Published : 2018-09-22 11:04
  • Last Modified : 2018-09-22 11:13:00
  • Version : 1

Canada-Trade Tensions/Uncertainty

U.S. tariffs on Chinese goods bring uncertainty to global economy: Canadian economist

Dateline : Sept 20, 2018/File

Location : Canada

Duration : 1'44

  • English
  • 日本語


Vancouver, Canada - Recent (CGTN - No access Chinese mainland)
1. Board reading (English) "Asia Pacific Foundation of Canada"
2. Various of Stewart Beck, president, CEO of Asia Pacific Foundation of Canada, at work
3. SOUNDBITE (English) Stewart Beck, president, CEO with Asia Pacific Foundation of Canada (partially overlaid with shot 4):
"I think there are a lot of things to worry about right now. There's lots of uncertainty in the world, and I think for people who are doing business, uncertainty is the biggest challenge. Give certainty for companies in terms of how they do business. So if you're making a decision where to invest, how many people to employ, all these things are a factor of what's stability gives you."
++SHOT OVERLAYING SOUNDBITE++
4. Various of employees working
++SHOT OVERLAYING SOUNDBITE++

FILE: Ottawa, Canada - Date Unknown (CGTN - No access Chinese mainland)
5. Canadian national flags
6. Various of facade of Royal Canadian Mint headquarters

FILE: Toronto, Canada - June 24, 2016 (CCTV - No access Chinese mainland)
7. Various of traffic, pedestrians

Vancouver, Canada - Recent (CGTN - No access Chinese mainland)
8. SOUNDBITE (English) Stewart Beck, president, CEO of Asia Pacific Foundation of Canada (partially overlaid with shot 9):
"In reality, intra-regional trade in Asia is huge. So China has other options. You've got large markets in other parts of Asia that you can work. And you have much better access in many ways than North American companies do to that market. So I worry less about China than I do about us, because you're in the part of the world that's growing the most rapidly. So that's to your advantage. So yes, you may have high tariffs and that's going to be more difficult to export into the U.S. market, but you can still export to the EU, you can still export to Canada, but more importantly, you have the whole Asia region."

++SHOT OVERLAYING SOUNDBITE++

FILE: China - Date Unknown (CCTV - No access Chinese mainland)
9. Various of containers at port
++SHOT OVERLAYING SOUNDBITE++

FILE: Shanghai, China - Date Unknown (CCTV - No access Chinese mainland)
10. Various of skyscrapers along Huangpu River


U.S. imposition of tariffs on Chinese goods has escalated trade tensions between the two economies and brought uncertainty to the world, said a Canadian economist.

Stewart Beck, president and CEO of the Asia Pacific Foundation of Canada, made the remarks with the China Global Television Network (CGTN) amid rounds of U.S. tariffs, with the latest marking 200 billion dollars worth of Chinese products.

According to Beck, the unilateral trade protectionist measures of the United States have puzzled businessmen, making them trapped in a state of doubt about the future.

"I think there are a lot of things to worry about right now. There's lots of uncertainty in the world, and I think for people who are doing business, uncertainty is the biggest challenge. Give certainty for companies in terms of how they do business. So if you're making a decision where to invest, how many people to employ, all these things are a factor of what's stability gives you," he said.

Beck said China, some of whose trade partners are Asian countries with fast economic growth, will not be seriously hurt in trade disputes; it is the United States that should think twice about itself.

"In reality, intra-regional trade in Asia is huge. So China has other options. You've got large markets in other parts of Asia that you can work. And you have much better access in many ways than North American companies do to that market. So I worry less about China than I do about us, because you're in the part of the world that's growing the most rapidly. So that's to your advantage. So yes, you may have high tariffs and that's going to be more difficult to export into the U.S. market, but you can still export to the EU, you can still export to Canada, but more importantly, you have the whole Asia region," he said.

China is currently working on targeted measures and will release and implement the measures at an appropriate time to help Chinese and foreign enterprises in China cope with possible difficulties and challenges, according to the country's Ministry of Commerce on Thursday.

U.S. President Donald Trump's decisions of imposing tariffs on Chinese exports have drawn intense criticism across the globe.


ID : 8091211

Published : 2018-09-21 09:29

Last Modified : 2018-09-22 11:13:00

Source : China Global Television Network (CGTN)

Restrictions : No access Chinese mainland

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