'Trump thinks that to make America great again, he needs enemies'

On Monday China struck back at the US-imposed tariffs, saying that it would impose higher tariffs on a range of goods to the country.

Read: How will the US-China trade war impact South Africa?

China finance ministry said it planned to set import tariffs ranging from 5% to 25% on more than 5 000 US products.

To discuss the US-China tariff war, Nickolaus Bauer on the Xolani Gwala Show chats to Vestact chief executive officer and founder Paul Theron.

This tariff war is a mess. The problem is that President Donald Trump thinks that to make America great again, he needs enemies. And he thinks this plays well politically.

Paul Theron, CEO and founder - Vestact

He says there is no support for a trade war, but Trump thinks the Chinese will pay these tariffs.

It is tough. I said what Trump's shortcomings are, but let us be fair, the Chinese are difficult as well.

Paul Theron, CEO and founder - Vestact

He says South Africa has to wait and see how the war plays out and how it will affect the country.

Listen below to the full interview:


Recommended

by NEWSROOM AI
Read More
Donald Trump threatens Beijing with tariff hikes

Donald Trump threatens Beijing with tariff hikes

US foreign policy expert Brooks Spector gives analysis on the US-China trade war.

Land Party threatens country shutdown if King Dalindyebo not released

Land Party threatens country shutdown if King Dalindyebo not released

Gcobani Ndzongana takes issue with Clement Manyathela on The Xolani Gwala Show for referring to the monarch as convicted criminal

[LISTEN] The Chinese loan is not a solution to Eskom's debt problem, says expert

[LISTEN] The Chinese loan is not a solution to Eskom's debt problem, says expert

A comprehensive look at the power utility's troubles and bailout plans.

Gordhan: No, Eskom is not on the brink of collapse

Gordhan: No, Eskom is not on the brink of collapse

Minister of Public enterprises Pravin Gordhan and Treasury D-G Dondo Mogajane discuss solutions to fix the power utility.

Transnet staffers involved in alleged corruption worth billions

Transnet staffers involved in alleged corruption worth billions

AmaBhungane senior investigative journalist Susan Comrie provides insights into a City Press exposé over the weekend.

Tickets for direct CT-NY flights could go be going on sale in May

Tickets for direct CT-NY flights could go be going on sale in May

Wesgro's Tim Harris talks about the years of negotiations involved and what still lies ahead before tickets can go on sale.

[LISTEN] Heated debate between Land Party and EFF

[LISTEN] Heated debate between Land Party and EFF

Land is burning issue and has made international headlines.

SA households lost nearly half a trillion rand in 2018 - survey

SA households lost nearly half a trillion rand in 2018 - survey

Economist Johann van Tonder says the loss can be attributed to the trade war between US and China.

Robots made in our image are requiring less and less human intervention to learn

Robots made in our image are requiring less and less human intervention to learn

The Money Show’s Bruce Whitfield interviews Jared Molko, a former employee at Google.

Direct flight from USA to Cape Town makes Mother City 'a serious contender'

Direct flight from USA to Cape Town makes Mother City 'a serious contender'

Cape Town Mayoral Committee member for economic affairs, James Vos details the exciting new economic opportunity.

 Another member of Trump's cabinet resigns

Another member of Trump's cabinet resigns

University of Witwatersrand Professor John Stremlau says Nielsen was more moderate in the border policy than Trump was.

Hot tip! Trying to predict the markets is for losers

Hot tip! Trying to predict the markets is for losers

It’s impossible, even for trained professionals. The Money Show’s Bruce Whitfield interviews personal finance guru Warren Ingram.

Is the media to blame for the world's negativity, asks Refilwe and callers

Is the media to blame for the world's negativity, asks Refilwe and callers

CapeTalk's Refilwe Moloto engages callers in an insightful discussion about the role media plays in the current news cycle.

Eusebius asks why we get excited over run-of-the-mill events in SA

Eusebius asks why we get excited over run-of-the-mill events in SA

Eusebius McKaiser shares his thoughts on Bafana Bafana win and the announcement of a load shedding free week.

[WATCH] Best man accidentally steals the limelight by fainting mid-wedding

[WATCH] Best man accidentally steals the limelight by fainting mid-wedding

Khabazela shares tweets and Facebook posts that have gone viral.

What if Earth’s solutions are in space?

What if Earth’s solutions are in space?

Bruce Whitfield interviews theoretical physicist and extraterrestrial hopeful, Dr Adriana Marais.

Melanie Verwoerd: How to read political polls ahead of upcoming 2019 election

Melanie Verwoerd: How to read political polls ahead of upcoming 2019 election

Political opinion polls seem to present a range of differing results, so find out how to navigate your way through the results.

Gender diversity is a business imperative. It's not a nice-to-have - CEO

Gender diversity is a business imperative. It's not a nice-to-have - CEO

Businesswoman and investor Donna Rachelson explains how corporate culture is holding women back and why gender diversity is vital.

[WATCH] Backstreet Boys: 'I want it that way' sang beautifully by drunk people

[WATCH] Backstreet Boys: 'I want it that way' sang beautifully by drunk people

Khabazela shares tweets and Facebook posts that have gone viral.

Dirco: SA accepts corruption issues raised but foreign countries broke protocol

Dirco: SA accepts corruption issues raised but foreign countries broke protocol

Department of International Relations and Cooperation's Ndivhuwo Mabaya says the message was not sent in the correct manner.

Popular articles
'Fears that Zuma will implicate himself if he answers too many questions'

'Fears that Zuma will implicate himself if he answers too many questions'

News24 assistant news editor, Pieter du Toit on the reasons Zuma testimony was halted on Day 3 at Zondo Commission.

[WATCH] Woman stealing back her stolen car has social media talking

[WATCH] Woman stealing back her stolen car has social media talking

Khabazela shares tweets and Facebook posts that have gone viral.

FaceApp challenge has peeps showing what they'll look like when they're 80

FaceApp challenge has peeps showing what they'll look like when they're 80

Khabazela shares tweets and Facebook posts that have gone viral.

How to buy a new car even if you don’t really have enough money for it

How to buy a new car even if you don’t really have enough money for it

South Africans are increasingly buying cars they can’t afford using balloon payments, says consumer journalist Wendy Knowler.

Need a loan to grow your small business? There’s a pot of money waiting

Need a loan to grow your small business? There’s a pot of money waiting

Spartan SME Finance provides finance for small businesses. Bruce Whitfield interviews its CEO, Kumaran Padayachee.

The rand isn't weak. It's the dollar that's strong. But it won't stay that way

The rand isn't weak. It's the dollar that's strong. But it won't stay that way

The rand is trading at fair value. It’s the US dollar that's overvalued. Bruce Whitfield interviews George Glynos (ETM Analytics).

[2018] Jesse Clegg (son of Johnny) opens up about money and growing up on tour

[2018] Jesse Clegg (son of Johnny) opens up about money and growing up on tour

[From the archives] Jesse Clegg talks about his famous father and attitude to money (hopes and fears, successes and failures...).

Investigators find serious corruption at EOH

Investigators find serious corruption at EOH

A probe found "suspicious transactions" worth R1.2bn, bribery and theft. Bruce Whitfield interviews EOH CEO Stephen Van Coller.