Evening Edition: U.S And China Exchange Tariff Increases, Who Will Win The Trade War?

The Fox News Rundown

FOX News Radio

Politics, Daily News, News

3.4 • 1.5K Ratings

🗓️ 7 April 2025

⏱️ 14 minutes

🔗️ Recording | iTunes | RSS

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Summary

President Donald Trump over the weekend said there will be no deal with China made unless the trade deficit of over $1 trillion is first resolved. Beijing will face a 34% reciprocal tariff in addition to the 10% baseline imposed on all listed nations. And as the trade fight escalates, China fired back with 34% increase on all U.S. goods and Trump has threatened to impose an additional 50% tariff on all Chinese goods. FOX’s Eben Brown speaks with Gordon G. Chang, expert on China and author of the book 'Plan Red: China's Project to Destroy America,' who says China's economy cannot handle a trade war right now but Beijing will try to wage a fight. Click Here To Follow 'The FOX News Rundown: Evening Edition' Learn more about your ad choices. Visit podcastchoices.com/adchoices

Transcript

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0:00.0	I'm Tyrus.
0:01.1	I'm Kaylee McEnany.
0:02.3	I'm Brett Baer, and this is the Fox News Rundown.
0:08.4	Monday, April 7th, 2025, I'm Eben Brown.
0:12.5	Tariffs will increase on China, says the president, unless they drop theirs.
0:18.3	But will they?
0:19.5	Who blinks first? Trade surplus countries really can't do
0:23.0	anything when there's a trade struggle. So, Xi Jinping's only plan was to get Trump to back down.
0:30.1	Well, Trump's not backing down. This is the Fox News Rundown evening edition.
0:39.9	I'm Ben Dominenech, Fox News contributor, editor at large of the spectator and editor of
0:44.1	the transom.com daily newsletter.
0:46.3	I'm inviting you to join in-depth conversations every week on the Ben Dominich podcast.
0:50.9	Listen and follow now at Fox Newspodcast.com.
0:54.6	President Trump now says the U.S. will impose more tariffs on Chinese imports.
1:00.7	Those tariffs will be as high as 50 percent and will be in addition to tariffs and levies
1:05.8	already attached to the price tags of goods coming from the People's Republic of China.
1:10.8	Why the additional 50 percent? Because unlike other countries, such as Canada, Israel, the UK, and the
1:16.8	European Union, China's Xi Jinping isn't being at all conciliatory towards American imports.
1:22.4	He's basically saying, so what? And that's not a good way to get on President Trump's
1:27.3	good side right about now.
1:29.0	And while she may think he's engaging in an epic battle of the wills with the American president,
1:34.7	he may already be on his heels, even if he won't admit it.
	...

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