President Trump hit China with new tariffs as retaliation for tariffs China slapped on U.S. goods. The escalating trade war has Wall Street worried. Weijia Jiang reports and yours truly makes an appearance!
President Trump is warning China not to retaliate for the newest tariff hike on its imports. Three days ago, the President raised tariffs to 25 percent on approximately $200 billion on Chinese goods. I joined CBS This Morning to discuss how the tariffs will impact the average consumer.
Americans are already paying $1.4 billion a month more after the last round of tariffs targeting Chinese goods, according to experts from the federal reserve bank of New York. Carter Evans reports, and I weigh in with my analysis.
How will increased tariffs on Chinese goods impact the American consumer? I discussed on CBSN.
A massive trade deal between the U.S. and China is in jeopardy. That could impact millions of Americans as President Trump threatens to double the tariffs on Chinese imports. Stocks fell with the news. Ben Tracy reports and I make a guest appearance!
I joined CBS This Morning: Saturday to discuss what the U.S. has to lose if it gets into a trade war with China and how trade wars often lead to a recession.
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It was a tough day on Wall Street Monday, as the Dow plunged as much as 700 points, hitting it's low for the year, before recovering at the end of the day. The dip was partly due to concerns about a trade war, but that wasn't all.
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