Trump's Trade War With China Could Mean More Pain for Tech

The transcript discusses the differing perspectives on the U.S.-China trade war. The White House views the slowing Chinese economy as a sign of successful tariffs, while U.S. companies see it as harmful. Kevin Hassett's remarks about companies with a significant presence in China cutting earnings led to a market sell-off, indicating the impact of his comments on investors.

What is the White House's perspective on the impact of tariffs on China's economy?

• They are unsure about the impact of tariffs.

• They see tariffs as beneficial to China.

• They think tariffs are slowing down China's economy.

• They believe tariffs are ineffective.

How do U.S. companies view the trade war?

• As beneficial to their growth.

• As having no impact on their business.

• As harmful to both the U.S. and China's economies.

• As a way to increase their profits.

What uncertainty surrounds Kevin Hassett's remarks?

• If they were meant to be public.

• If they were made at the right time.

• Whether they were intended for investors.

• Whether they align with the White House's message.

What was the market's reaction to Kevin Hassett's comments?

• No change in the market.

• A big sell-off of companies with business in China.

• A surge in stock prices.

• An increase in investments in China.

What did investors do after hearing Kevin Hassett's advice?

• Bought more shares of U.S. companies.

• Sold off companies with a large presence in China.

• Ignored the advice.

• Increased their investments in China.