China Strikes Back on Tariffs plus How Trump's Tariffs Are Shaping the Future

Tariff Impositions : China imposed a 34% tariff on all US imports in retaliation for Trump's tariffs announced earlier. Previous tariffs included 15% on coal and liquified natural gas, and 10% on crude oil, agricultural machinery, and certain motor vehicles. China also implemented export controls on rare earth materials and halted poultry imports from certain US companies. Legal Actions : China filed a lawsuit with the World Trade Organization (WTO) against the US tariffs, claiming they violated WTO rules and damaged the international economic order. Economic Impact : The document discusses the potential impact on the stock market, with some seeing opportunities to buy stocks at a discount. Charles Payne from Fox Business and the Fed Chairman provided insights into the economic outlook, emphasizing solid growth and a stable labor market despite the trade tensions. Political Reactions : President Trump dismissed China's retaliatory actions, asserting that Beijing panicked. The document highlights criticism from various media outlets and politicians, including San Antonio's mayor, who warned of the negative impact on American families. Corporate Responses : Big retailers like Walmart expressed displeasure with Trump's tariffs, fearing higher costs for consumers. Ford's CEO discussed the company's readiness to increase US production and employment in response to the tariffs. Historical Context : The document references Nancy Pelosi's 1996 speech on trade deficits and tariffs with China, drawing parallels to Trump's actions. Job Market : Positive job numbers were reported, with 228,000 jobs added in March, suggesting a strong economy despite the trade war. International Negotiations : Vietnam and other countries were actively negotiating with the Trump administration to lower tariffs and reach better trade deals. Please Hit Subscribe to this podcast Right Now. Also Please Subscribe to the 47 Morning Update with Ben Ferguson and Verdict with Ted Cruz Wherever You get You're Podcasts. Thanks for Listening #seanhannity #hannity #marklevin #levin #charliekirk #megynkelly #tucker #tuckercarlson #glennbeck #benshapiro #shapiro #trump #sexton #bucksexton #rushlimbaugh #limbaugh #whitehouse #senate #congress #thehouse #democrats #republicans #conservative #senator #congressman #congressmen #congresswoman #capitol #president #vicepresident #POTUS #presidentoftheunitedstatesofamerica #SCOTUS #Supremecourt #DonaldTrump #PresidentDonaldTrump #DT #TedCruz #Benferguson #Verdict See omnystudio.com/listener for privacy information.