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Canadians are voting in an election dominated by the global trade war
Business Matters
Apr 29, 2025

Canadians are voting in a general election which has been dominated by Donald Trump's trade war and threats to annex the country. The leaders of the two main parties rejected a renewed assertion by Mr Trump on election day that Canada should become the fifty-first US state.

Devina Gupta hears from the BBC’s economics editor Faisal Islam, who is in Ottawa, and Dan Kelly, president of the Canadian Federation of Independent Businesses. And the Spanish prime minister, Pedro Sanchez, has urged people not to speculate over the cause of a massive power cut that's affected millions of people across Spain and Portugal.

Also, the Chinese online retailer Temu, known for its cheap products, adds ‘import charges’ of about 145% in response to President Trump’s tariffs on China. Throughout the programme, we’ll be joined by two guests on opposite sides of the world – Jessica Khine, a business development consultant based in Malaysia but now joining us from London, and Sergio Guzmán, director of the Colombia Risk Analysis company.

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Nvidia reports blockbuster results

Californian computer chipmaker Nvidia has reported record revenue figures of almost US$47bn for the second quarter of this year, surpassing all market expectations after being boosted by big tech firms eager to expand their artificial intelligence (AI) capabilities.

The Santa Clara-based business claims its likely grow to $54bn, but its positioning in China appear somewhat uncertain as executives said they "continue to work through geopolitical issues" due to the ongoing international tariff wars.

Meanwhile Donald Trump's steep 50% tariffs on India have kicked in after Washington's window for a trade deal lapsed and the US president issued an order imposing an additional 25% penalty on New Delhi over its purchases of Russian oil.

While India prime minister Modi has criticised the levies as "unfair, unjustified and unreasonable", Roger Hearing will be joined by Karen Percy in Melbourne and Walter Todd in South Carolina to discuss what this could mean for both countries and who will be picking up the extra costs?

Elsewhere Donald Trump has threatened the billionaire financier, George Soros, with an indictment for racketeering.

We hear about the challenges endured by professional golfers trying to survive in Africa.

And keep it down - a campaign has begun in London after a growing number of people said they felt aggravated by headphone-dodgers who broadcast music and entertainment for all passengers to hear on the city's trains and buses.

Global business news, with live guests and contributions from Asia and the USA.


49min 26sec




Canadians are voting in an election dominated by the global trade war

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