China is hitting back after Trump’s massive 54% tariffs on all Chinese imports to the U.S., escalating a fierce trade war between the world’s two largest economies. Beijing has condemned the move as "unilateral bullying" and vowed strong retaliation to protect its economic interests. With tensions at an all-time high, will this lead to an all-out trade showdown? Watch how China plans to counter Trump’s aggressive trade policies!
#ChinaVsTrump #TradeWar #Tariffs #USChina #TrumpTariffs #XiJinping #GlobalEconomy #BreakingNews #USPolitics #BeijingFury
~HT.318~PR.274~ED.103~GR.125~
#ChinaVsTrump #TradeWar #Tariffs #USChina #TrumpTariffs #XiJinping #GlobalEconomy #BreakingNews #USPolitics #BeijingFury
~HT.318~PR.274~ED.103~GR.125~
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NewsTranscript
00:00China, 67%. That's tariffs charged to the USA, including currency manipulation and trade barriers.
00:30China, 67%. That's tariffs charged to the USA, including currency manipulation and trade
00:56barriers. So, 67%, I think you can, for the most part, see it. Those with good eyes, with
01:02bad eyes. We didn't want to bring, it's very windy out here, we didn't want to bring out
01:05the big charts because it had no chance of standing. Fortunately, we came armed with
01:11a little smaller chart. So, 67%, so we're going to be charging a discounted reciprocal
01:18tariff of 34%. I think, in other words, they charge us, we charge them, we charge them
01:23less, so how can anybody be upset? They will be because we never charge anybody anything,
01:28but now we're going to charge.
01:53So, 67%, so we're going to be charging a discounted reciprocal tariff of 34%, so how can anybody
03:49be upset?
03:56Imposing tariffs and protective barriers made nations poor, then every country on earth
04:02would be racing to eliminate these policies, and China would be the first in line. They
04:07run a very strong country, but they're not first in line, and the American people are
04:14paying a very big price. From 1789 to 1913, we were a tariff-backed nation, and the United
04:23States was proportionately the wealthiest it has ever been. So wealthy, in fact, that
04:28in the 1880s, they established a commission to decide what they were going to do with
04:34the vast sums of money they were collecting. We were collecting so much money so fast,
04:39we didn't know what to do with it. Isn't that a nice problem to have? What do you think,
04:43Marco? Good problem? Marco would love that problem, but we don't have that problem anymore.