President Trump Announces Plan To Raise China Tariff Rates

The transcript discusses the escalating trade tensions between the US and China, with both countries announcing new tariffs on each other's goods. President Trump plans to increase tariffs on Chinese imports, while China retaliates with its own tariff hikes. The situation has led to a significant drop in the stock market, and Trump has expressed frustration with both China's leader and the US Federal Reserve Chairman, Jerome Powell, for not taking actions to mitigate the trade war's impact.

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