Monday, April 09, 2018

WORLD ECONOMY - Trump's Trade War

"China targets U.S. farm belt with latest tariffs" PBS NewsHour 4/4/2018

Excerpt

SUMMARY:  China counterpunched with new tariffs against U.S. products in the latest round of an escalating trade fight between the world's two largest economies.  The Chinese announced plans for 25 percent tariffs on a list of American goods, including soybeans, cars, and chemicals, mirroring a Trump administration action hours earlier.  Lisa Desjardins reports.




"Here’s who pays the price for brewing U.S.-China trade war" PBS NewsHour 4/4/2018

Excerpt

SUMMARY:  As a trade showdown between the U.S. and China escalates, there's fears of how a trade war could hurt both countries.  Special correspondent Katrina Yu reports from Beijing on how recently announced tariffs will affect farmers, importers, retailers, and consumers on both sides of the Pacific.

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