New tariffs go into effect on Chinese imports, escalating Trump’s trade war

New tariffs go into effect on Chinese imports, escalating Trump’s trade war

0 0 5 months ago
The Trump Administration has escalated its trade war with China, raising tariffs from 10 percent to 25 percent on $200 billion worth of Chinese exports. Beijing expressed what it called “deep regret” over the development and said that it would immediately implement countermeasures. Meanwhile, in an early morning tweet storm, President Trump said that there was “no need to rush” into a China trade deal. Steve Keen, an economist and author of “Debunking Economics”, joins the show.

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