Week in Review Discussion on The Critical Hour (8/23/19)
Trump's Twitter War Becomes Reality, China Imposes New Tariffs Starting September 1
On this episode of The Critical Hour, Dr. Wilmer Leon is joined by Dr. Jack Rasmus, professor of economics at Saint Mary's College of California; Jim Kavanagh, political analyst and commentator and editor of The Polemicist; and Caleb Maupin, journalist and political analyst.
It’s Friday, so that means it's panel time.
US President Donald Trump is raising the stakes in his trade war with China, tweeting Friday that he's increasing the tariffs scheduled to start next week from 10% to 15% on $300 billion worth of Chinese goods. Trump's comments came on a volatile day in his trade war. China started things off by announcing tariffs on $75 billion of US goods Friday morning. Just as the market was starting to calm down, Trump made two tweets that further rattled investors. The first ordered American companies to find alternatives to doing business in China, and the second wondered who is the bigger enemy: Chinese President Xi Jinping or US Federal Reserve Chairman Jerome Powell. Trump also tweeted his justification for taking on China over trade, saying it is something that was long overdue.
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