Guest: Rana Foroohar, Jared Bernstein
The trade war with China is heating up. After trade talks broke down last week, Trump increased tariffs on $200 billion worth of Chinese imports. Then Monday, China retaliated, announcing it would add a 25% tariff to $60 worth of American goods. Now, the White House is threatening to add another $300 billion tariff hike on all kinds of product including — seafood, sneakers, fishing reels, handbags, cell phones and agricultural products. This hour we discuss the trade war with China and the potential risks and rewards. We’ll also look at how it could affect consumers, farmers, companies, and the economy. Our guests are RANA FOROOHAR, global business columnist at the Financial Times and JARED BERNSTEIN, senior fellow at the Center on Budget and Policy Priorities.