Global Markets Panic Over U.S. Tariffs On China Imports
China’s government called President Donald Trump’s threat to impose up to $60 billion in tariffs on Chinese imports “reckless." On Thursday, the Dow Jones dived by over 700 points, after President Trump’s announcement. Asian financial markets also slid on fears of a trade war.
We discuss a potential trade war and China’s history with intellectual property rights with Ted C. Fishman, op-ed columnist with USA Today and author of China, Inc.: How the Rise of the Next Superpower Challenges America and Shock of Gray: The Aging of the World's Population and How it Pits Young Against Old, Child Against Parent, Worker Against Boss, Company Against Rival, and Nation Against Nation.