1, 2, 3, 4... I declare a trade war

Today, Explained

Vox

News, Daily News, Politics

4.3 • 10.3K Ratings

🗓️ 9 April 2018

⏱️ 20 minutes

🔗️ Recording | iTunes | RSS

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Summary

President Trump said he would “always be friends” with China’s leader, but the two countries have been acting anything but these past few days. First, the U.S. slapped China with $50 billion in tariffs. Then, China retaliated with $50 billion in tariffs on U.S. goods, like soybeans and airplanes. Now, the U.S. has replied with $100 billion more. Vox’s Matthew Yglesias explains why this could escalate to a trade war, and really hurt Trump’s base. Learn more about your ad choices. Visit podcastchoices.com/adchoices

Transcript

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0:00.0	Please buy our toothbrushes.
0:02.3	No, that's, wait, I don't think we could say that.
0:04.3	Oh really?
0:05.3	No, that's, that's not what this is about.
0:06.8	That's like, that's begging.
0:08.5	Oh, I can't beg.
0:09.5	No, it's just about like letting people know.
0:11.5	Oh.
0:12.5	There's an option to go to getquip.com slash explained.
0:15.0	Please know that we have toothbrushes.
0:18.0	Ha ha ha ha ha ha.
0:25.0	How do you start a trade war?
0:27.0	President Trump is going heavy metal tonight.
0:29.5	He says he will impose tough new tariffs on imported steel
0:34.0	and aluminum.
0:35.0	You start with tariffs.
0:37.0	I am taking action to impose safeguard tariffs on imported residential
0:42.0	washing machines and all solar products.
0:46.0	Then you express your feelings.
0:48.0	The Chinese are saying that they are watching and waiting to see
0:52.0	whether or not President Trump's threat turns into action
0:55.0	and if it does, they say they are ready to slug it out until the bitter end.
	...

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