A solution can be found the e. U. Says it will consider further countermeasures. Some e. U. Retaliatory tariffs on American Products came into effect at the start of this month for jack daniels the United States biggest Whiskey Exporter it may mean Hiking Prices in europe and washington correspondent Claire Richardson went to lynchburg tennessee to get a taste of the problem. American whiskey in the firing line now that the European Union has hit back against President Donald Trump with tariffs of its own Companies Like jack daniels are being forced to make sacrifices that could hurt their bottom line. Im here in lynchburg tennessee home to jack daniels obviously its why they did it they said they plan to increase their prices. For consumers in the year you in the area that you are choosing what you think will forego the expense of a good product and simply pick the best. Tennessee strongly backed trump in the
twenty sixteen elections thats likely the reason distilleries here are feeli
twenty fourth so it seems that is a very short span of time and to try to achieve some sort of results and also the implied the explicit goal for something more to come in case that china decides to retire gets i m not sure these are the best precondition to engage in a meaningful conversation with china not china involved to retaliate yet it imports only one hundred thirty billion dollars worth of u.s. goods could it go to the bond market to strike back. they could do a lot of things that depends on much we want to take of course they import the less than the u.s. but then if the u.s. is putting it out of ten percent increase to twenty five percent of the chinese may start their way with a full twenty two increase to thirty so even with the trade policy there is their freedom of of the truth being a proper strategy of course they can move to the bond market if all of a sudden china will start to sell some of the treasury bills that will lead in
can t simply impose counter-terrorist as the done in the pasta because they just don t import enough u.s. goods to match what the u.s. is doing so how could china respond. and certainly if we look at the figures the u.s. exports to china in the amount of a good one hundred thirty billion dollars and they import goods from china in the amount of a good five hundred billion dollars so on this side the u.s. seems to be here in the driver s seat but china certainly has possibilities to counter one for example would be if china just evaluates its currency the yuan is going to fall further and actually it already dropped to the lowest in about two years so that to a certain degree would level out higher tariff they can also stop buying u.s. treasuries they could make life miserable for u.s.
rather cool who at this point and so china can simply impose counter-terrorist as they done in the pasta because they just don t import enough u.s. goods to match what the u.s. is doing so how could china respond. now certainly if we look at the figures the u.s. exports goods to china in the amount of a good one hundred thirty billion dollars and they import goods from china in the amount of a good five hundred billion dollars so on this side the u.s. seems to be here in the driver s seat but china certainly has possibilities to counter one for example would be if china just devaluates its currency if the yuan is going to fall further and actually it already dropped to the lowest in about two years so that to a certain degree would level out higher tariff they can also stop buying u.s. treasuries they could make life miserable for us corporations have been active in
donald trump and comes to terrorists. the past year of the u.s. . from china in the amount of five hundred billion dollars and china imported u.s. goods in the amount of one hundred thirty billion dollars so if you look at those numbers the possibilities of china at first glance seem to be limited if you look at tariffs but having that said china did mention that they also could take qualitative steps are not just quantitative steps what they mean is that is that for example they could start a boy called for u.s. products that could disrupt the supply chains for example for the high tech industries and that could turn out to have unintended consequences for u.s. corporations and also for the u.s. economy talking about the consequences to dell plummeted for the sixth consecutive day already one of the sentiments on the ground what are you hearing. there so far