President Trump today slapped $50-60 billion worth of new tariffs on China. China will likely respond in kind -- there’s talk it may even target regions of the United States that support Trump. Meanwhile, Trump’s tariffs on steel and aluminum start Friday, but some big U.S. allies are exempt, including Mexico, Canada, and the EU.
As Trump imposes big tariffs on China, who gets hurt more?
Credits
Guest:
- Chris Thornberg - Founding Partner at Beacon Economics LLC