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Transcripts For CNNW CNN Right Now With Brianna Keilar 20190513

Admitting guilt in the Massive College Admissions Scandal is about to appear in court to make her plea. The trade war is on. Today china retaliated against the u. S. By announcing plans to slap tariffs on 60 billion of u. S. Goods. This is rocking the markets. Right now the dow is down nearly 700 points, and despite the markets negative reaction, President Trump continued to insist in a series of tweets that tariffs are actually helping the economy, but its not. Look at all of the products that might be affected, even the president s own economic adviser acknowledged u. S. Companies would likely pay a tax increase which would ultimately be passed on to the consumer. The tariff on goods coming into the country, the chinese arent paying. No, but the chinese will suffer gdp losses and so forth with respect to a diminishing export market. Its u. S. Businesses and u. S. Consumers who pay, correct . To some extent. I dont disagree with that. Again, both sides, both sides will suffer on this.

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