World Business Report - Trump threatens a "massive" increase in tariffs on Chinese goods

Download Trump threatens a "massive" increase in tariffs on Chinese goods

President Trump is threatening to cancel his meeting with Xi Jinping and, in a post on Truth Social, warned of “strange things happening in China.” He says Beijing is planning sweeping export controls on rare earths — and the U.S. is now calculating a massive tariff hike.

U.S. businesses trading with China are watching closely —and soybean farmers especially so. We speak to their trade body and ask their reaction.

Plus, cocoa prices have taken a tumble to their lowest level in nearly two years, after a wild rally that squeezed chocolate makers and boosted farmer incomes. So what’s behind the drop, and what does it mean for growers on the ground?

And Pokémon cards have become a serious business. Since they first came out in 1996, the value of certain rare cards has skyrocketed — we’re talking up to 4,000% over the past two decades. So what’s behind the boom?

You can contact us on WhatsApp or send us a voicenote: +44 330 678 3033.

Published on Friday, 10th October 2025.

Available Podcasts from World Business Report

Subscribe to World Business Report

We are not the BBC, we only list available podcasts. To find out more about the programme including episodes available on BBC iPlayer, go to the World Business Report webpage.