Global Markets Panic Over U.S. Tariffs On China Imports

By Jerome McDonnell
President Donald Trump speaks before he signs a presidential memorandum imposing tariffs and investment restrictions on China in the Diplomatic Reception Room of the White House, Thursday, March 22, 2018, in Washington.
President Donald Trump speaks before he signs a presidential memorandum imposing tariffs and investment restrictions on China in the Diplomatic Reception Room of the White House, Thursday, March 22, 2018, in Washington. Evan Vucci / AP Photo
President Donald Trump speaks before he signs a presidential memorandum imposing tariffs and investment restrictions on China in the Diplomatic Reception Room of the White House, Thursday, March 22, 2018, in Washington.
President Donald Trump speaks before he signs a presidential memorandum imposing tariffs and investment restrictions on China in the Diplomatic Reception Room of the White House, Thursday, March 22, 2018, in Washington. Evan Vucci / AP Photo

Global Markets Panic Over U.S. Tariffs On China Imports

By Jerome McDonnell
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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.