Trump issues new trade threat against China, calling into question expected deal

Trump issues new trade threat against China, calling into question expected deal

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President Trump issued a series of threats against China via Twitter yesterday, saying that the US would raise tariffs on $200 billion of Chinese goods to 25 percent if China doesn’t relent in trade talks. The Chinese rebuffed the president, but said that trade talks would continue. Meanwhile, the Dow Jones Industrial Average fell 471 points at the opening because of the tweets. Jude Woodward, the author of the book “The US vs China: Asia's new Cold War?,” joins the show.

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