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

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.

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