Video Trump Trade War Backfires BIGLY

Trump’s trade war is heating up. John Iadarola, Jayar Jackson, Brett Erlich, and Brooke Thomas, hosts of The Young Turks, discuss. To get even more TYT in your life, go to https://TYT.com/app and download our free app!

Read more here: https://www.reuters.com/article/us-usa-trade-china/as-tariffs-strike-china-blames-u-s-for-largest-scale-trade-war-idUSKBN1JW07L

“BEIJING/WASHINGTON (Reuters) - A U.S.-China trade fight resulting in duties on $34 billion worth of each other’s imports was seen dragging on for a potentially prolonged period, as Washington and Beijing flexed their muscles with no sign of negotiations to ease tensions.

Friday marked the start of the U.S. duties that were promptly met with retribution by China, as Beijing accused the United States of triggering the “largest-scale trade war.”

The escalating fight between the world’s two biggest economies meant that it could “take economic and political pain to get these two parties to the (negotiating) table,” said Scott Kennedy, head of China studies at the Center for Strategic and International Studies in Washington.

President Donald Trump already is threatening additional rounds of tariffs, possibly targeting over $500 billion worth of Chinese goods, or roughly the total amount of U.S. imports from China last year.

It will take weeks to months for the U.S. Trade Representative to review and possibly activate any new rounds of punishment.”

Hosts: John Iadarola, Jayar Jackson, Brett Erlich, Brooke Thomas

Cast: John Iadarola, Jayar Jackson, Brett Erlich, Brooke Thomas

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Young Turk (n), 1. Young progressive or insurgent member of an institution, movement, or political party. 2. A young person who rebels against authority or societal expectations.(American Heritage Dictionary)