Trump Raises Tariffs as China Vows to Strike Back

The transcript discusses ongoing trade talks between the US and China, highlighting the lack of progress and the imposition of increased tariffs from 10% to 25% on $200 billion worth of goods. It explores the economic implications of these tariffs and the pessimism surrounding the negotiations. The transcript also covers potential Chinese retaliation and the political dynamics influencing the talks, including President Trump's stance and campaign for 2020. Despite threats of retaliation, China has been cautious in its approach, indicating a willingness to negotiate.

What role does President Trump believe tariffs play in the US economy?

What potential retaliatory actions could China take in response to US tariffs?