Episode 102: Trade War with China Escalates
Last Friday President Trump increased tariffs on certain Chinese products from 10 percent to to 25 percent.
This latest escalation in the trade war with Chinese has economists, Democrats, and Republicans alike wary of the end impact Americans may face. Despite the regression in negotiations, President Trump remains optimistic that he will be able to come to an agreement with China.
In the latest episode of Fox News Sunday, Chris Wallace interviews Director of the National Economic Council, Larry Kudlow. Kudlow makes news by acknowledging the reality that Trump seems to ignore: that tariffs increase the prices American consumers pay and lowers the Chinese GDP at the same time.
We also explore an extensive interview with Kamala Harris on CNN’s State of the Union.
Chapters
Introduction
Highlight / Lowlight
Tariffs Impact American Consumers
Trump’s Foreign Headaches
Kamala Harris Builds Her Case
Rankings
Closing
Helpful links
We leaned on the following two articles and studies to understand the Chinese trade war:
The Trump trade tweets that sent the stock market tumbling, explained (Vox)
Trump’s Trade War Escalation Will Exact Economic Pain, Adviser Says (NYT)
The cost of Trump’s tariffs has fallen ‘entirely’ on US businesses and households: Goldman (CNBC)
'It can't get any worse': Iowa farmers suffer as U.S. trade war with China escalates (Des Moines Register)
China-U.S. Trade Issues (Congressional Research Service)
Shows discussed
State of the Union on CNN
Fox News Sunday on FOX
This Week on ABC
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