Separated at the border. Were in the metoo generation, so i have to be very gentle. We will very gently take that kit and slowly toss it, hoping it doesnt hit her and injure her arm. Back to that story, but we begin the hour with a trade war that became very, very real today. In a new economic report, the president believes proves he has the stronger hand if the tariffs war is a long one. The first billion volley came while most of america slept, President Trump officially slapping tariffs on 34 billion worth of chinese goods. As promised, china responded immediately with equal tariffs aimed at the u. S. Auto industry and major agricultural goods like soybeans and meat. The state newspaper, the china daily writing that the Trump Administration is, quote, behaving like a gang of hoodlums. This morning, americans living in farming states woke up to headlines like these. North carolina farmers caught in the cross fire. Minnesota farmers fear the worst. Wisconsin cheese industry hopes trum
Reporter talking about stocks, look at the board. The dow is up 47 points. It seems like wall street is taking a wait and see approach, despite the fact that the trade tensions have ramped up overnight. The thinking is that perhaps there could be some sort of compromise reached between the u. S. And china. Here is the thing. As this game of chicken plays out, these tariffs have been threatened by china, tariffs on high value american exports, cars, crude oil, cash crops like soy beans and poultry. If demand drops for the meamerin products sold in china, guess who will be hurt. U. S. Companies and american jobs. You could see the unintended consequences take hold. We are seeing china retaliate. The u. S. Put those tariffs on High Tech Industries that china cares about. Industries like aerospace, robotics, manufacturing and cars. We could see really how this trade dispute is affecting u. S. Companies even better, because Second Quarter earnings season ramps up next week. Thats when we wi