U.S.-China Tit-for-Tat Tariff War May Escalate, Kirchner Says

The video discusses the escalating trade tensions between the US and China, highlighting the pessimistic outlook for negotiations. It explores China's potential strategies for retaliation beyond tariffs, the political implications for both Trump and Jinping, and the effectiveness of Trump's trade strategy. The discussion concludes with an analysis of how the trade war threatens the US's economic strengths as an open economy.

In what ways could China retaliate against US tariffs beyond imposing additional tariffs?

What are the implications of the US's open economy in the context of the trade war?