Economic Policy Institute's Scott Says Tariffs on China Are Needed

The transcript discusses the unexpected approval of the NXP and Qualcomm merger, potentially as a strategic move by China. It then shifts to the US imposing tariffs on China, addressing the minimal impact on the US economy and the potential for Chinese retaliation. The discussion highlights the US's leverage in trade disputes due to its import-export dynamics with China.

What might be the strategic reason for China allowing the merger between NXP and Qualcomm?

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What is the significance of the $50 billion figure mentioned in the context of tariffs?

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How do tariffs impact the US economy according to the discussion?

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What are the potential consequences if China retaliates against US tariffs?

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In what ways does the United States have leverage in trade disputes with China?

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