Signs of Trade War as China Slams Tariffs on U.S. Exports
April 3, 2018: Early in March, President Trump boasted that in a potential trade war between the U.S. and China, the U.S. would easily prevail. This statement came just a couple of weeks before announcing that he would impose tariffs on steel and aluminum imports and on potentially an estimated $60 billion worth of Chinese goods, sparking fears of retaliation. On Monday, investors' anxieties were realized in a financial riposte from China. The Takeaway reviews China's retaliatory tariffs of up to 25 percent on 128 American-made goods ranging from wine and pork to steel piping, scrap aluminum and an assortment of fruit and nut products. Plus, we examine "matrescence," the period of newfound maternity for women who have just given birth; the assassination of Dr. Martin Luther King Jr., 50 years ago; and how urban environments can thrive through city-based evolutionary advantages.