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Apr 10, 2018

04/10/2018: China heads to the World Trade Organization over America’s proposed tariffs

(Global Edition) From the BBC World Service … Just hours after Chinese President Xi Jinping vowed to open his country’s auto and banking industries and reduce car-import tariffs, China took the first step in making a WTO complaint about U.S. steel and aluminium tariffs. Then, Russia’s currency is taking another plunge today after a sharp drop Monday. We’ll explain what’s spooked markets and what it means for the average citizen there. Afterward, a look at why Uber isn’t being welcomed with such open arms in Barcelona. 

Xi Jinping's family has been implicated in the Panama Papers scandal. 
Xi Jinping's family has been implicated in the Panama Papers scandal. 
Greg Bowker - Pool/Getty Images

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(Global Edition) From the BBC World Service … Just hours after Chinese President Xi Jinping vowed to open his country’s auto and banking industries and reduce car-import tariffs, China took the first step in making a WTO complaint about U.S. steel and aluminium tariffs. Then, Russia’s currency is taking another plunge today after a sharp drop Monday. We’ll explain what’s spooked markets and what it means for the average citizen there. Afterward, a look at why Uber isn’t being welcomed with such open arms in Barcelona.