Escalating trade war sending stocks plunging with dow closing down more than 600 points friday following a barrage of tweets from the president threatening to retaliate against beijing attacking Federal Reserve Jarome Powell and ordering u. S. Companies to find alternatives to doing business in china. Lets bring in wall street journal assistant Editorial Page Editor James Freeman Allysia Finley and Columnist Bill mcgurn, james, your friend has a phrase he calls the edge of chaos with trade negotiation including china and the u. S. Where each side seeks to decide who can absorb the most pain. Are we there . [laughter] we should there, also said its like a drinking, you may win but you will get hurt too along with the other guy and thats where we are, you see that in the market reaction. These are taxes, the president interestingly acknowledging they are taxes in one of his recent tweets and big reason why we have seen reduced Corporate Investment in the u. S. And around the world. Paul
Stocks plunging with dow closing down more than 600 points friday following a barrage of tweets from the president threatening to retaliate against beijing attacking Federal Reserve Jarome Powell and ordering u. S. Companies to find alternatives to doing business in china. Lets bring in wall street journal assistant Editorial Page Editor James Freeman Allysia Finley and Columnist Bill mcgurn, james, your friend has a phrase he calls the edge of chaos with trade negotiation including china and the u. S. Where each side seeks to decide who can absorb the most pain. Are we there . [laughter] we should there, also said its like a drinking, you may win but you will get hurt too along with the other guy and thats where we are, you see that in the market reaction. These are taxes, the president interestingly acknowledging they are taxes in one of his recent tweets and big reason why we have seen reduced Corporate Investment in the u. S. And around the world. Paul bill, how big a problem do yo
Escalating trade war sending stocks plunging with dow closing down more than 600 points friday following a barrage of tweets from the president threatening to retaliate against beijing attacking Federal Reserve Jarome Powell and ordering u. S. Companies to find alternatives to doing business in china. Lets bring in wall street journal assistant Editorial Page Editor James Freeman Allysia Finley and Columnist Bill mcgurn, james, your friend has a phrase he calls the edge of chaos with trade negotiation including china and the u. S. Where each side seeks to decide who can absorb the most pain. Are we there . [laughter] we should there, also said its like a drinking, you may win but you will get hurt too along with the other guy and thats where we are, you see that in the market reaction. These are taxes, the president interestingly acknowledging they are taxes in one of his recent tweets and big reason why we have seen reduced Corporate Investment in the u. S. And around the world. Paul
This is most of of it. To turn it around. Apple chooses to make a phone but you will be seeing. There because its cheaper than it goes on september 1. Being made in america its just if they dont do that, i will a factory to avoid our increase it substantially. David china vowing retaliation regulations. What is our stuff versus chinese stuff thats undercutting our prices with . Im not an economist so i dont have that number off the top of my head. But i agree as a general if the u. S. Places tariffs on principle the things they are shipping back here are our their goods. They say china will not be products here anyway. The president has been clear, if you want to avoid the tariffs, blackmailed, will take counter bring your manufacturing back to measures. It depends on what you are the united states. Going to go for. But the overlying message is we in theory you want the right number, the perfect tariff level have to do something about hurts china but doesnt cause a china. This is a pre
To turn it around. But you will be seeing. It goes on september 1. If they dont do that, i will increase it substantially. David china vowing retaliation if the u. S. Places tariffs on their goods. They say china will not be blackmailed, will take counter measures. It depends on what you are going to go for. In theory you want the right number, the perfect tariff level hurts china but doesnt cause a recession. We are not anywhere near a level of tariff that would cause that. Even a country that has been a company that has been basically exempt. You could bring the iphone production to america. I dont see it causing a recession. If we have a recession for another reason, someone thinks the economy is slowing. That could be the straw that breaks the camels back. But for now china is falling the hardest. When things heat up their stock market seems to fall a little more. Im not clear how much china is losing. Their economy is larger, has been growing incrementally for the past years. Mean