Trump Suggests China Trade Deal Can Wait Until After 2020 Election

The transcript discusses the escalating trade tensions between the US and several countries, including China, Brazil, Argentina, and France. President Trump suggested delaying a trade deal with China until after the 2020 US Presidential election, causing market instability. The US faces a December 15th deadline for new tariffs with China, and Trump's comments have increased economic anxieties. France threatened retaliation over potential US tariffs on French goods, while the US plans to reimpose tariffs on Brazil and Argentina. The situation is more symbolic than economic, indicating new fronts in the trade war.

What was the significance of the $28 billion in subsidies mentioned in the text?

What potential actions did NATO ally France threaten in response to the trade tensions?