very latest. now, both sides watch and wait as president trump has doubled down on his threat to impose an additional 100 billion in tariffs on chinese goods as trade tensions, shall we say, intensify between the two countries. and and the president not backing down and the chinese not backing down either. the fear is that the trade dispute will break into a full-blown trade war between the two big egest economies. on friday, the ministry of commerce says china isn t afraid to fight a trade war and is prepared to do so no matter how much it costs. if the united states disregards the opposition of china and the international community, and persists in unilateralism and trade protectionism china will fight back for sure.
china will respond in a new and comprehensive way, who will pay the price to resolutely defend the interests of its country and its people. leland: and caught in the middle are american farmers. china is one of the biggest markets for u.s. agriculture including pork and soy beans, which china is targeting in response to the u.s. s new tariffs and steel and aluminum and tariffs proposed this past week. this is one thing keeping an eye on, what s happening out of washington and what s happening with the markets, that directly affects our lifestyle. it affects our pocketbooks are we going to pay the bills this year or buy a new piece of equipment? you know, do you get your can kids a couple new pairs of shoes. the trump administration says it s preparing to take steps to protect american farmers from any new tariffs china decides to impose and yesterday the new chief economic advisor discussed
a horrific scene there. back live to germany as news warrants. this, as president trump doubles down on calls for more tariffs against china. how the tensions of a trade war is impacting americans here at home, especially in the heartland and, the cherry blossoms are in full bloom here in washington. live pictures from the national mall. not exactly a warm saturday here, as spring blooms on our nation s capital.
rural america is electing him yet, he s driving forward on these trade proposals and doubling down on them, that he knows china is going to retaliate right into the billionly of the pig, so to speak, those two don t seem to make come together. certainly, short-term it doesn t and that s why i m trying to press upon him how important nafta is, that they re our number one and two markets, canada and mexico and china is number three and i want to focus on solutions with the white housement we need to go down to central america and get an agreement down over there. great britain is in our office recently want to go get an agreement done. japan now has a 50% tariff on american beef and 17% tariff and australian beef. and we need to hit the singles and doubles and get the trade agreements done and begging the white house to focus in on the problems in china, state owned enprizes. leland: singles or doubles are
this back and forth with china is all part. negotiation process. my point is, tariffs enter the picture, negotiations enter the picture, the wto enters the picture, you follow? and you ve got to walk through this process and hopefully this will have a very happy ending. and that process will take some time to play out. the trump administration has not designated what chinese goods the proposed $150 billion in tariffs will cover. once that happens, they ll go through a public comment period meaning it will be at least a few months before new tariffs take effect. yeah, the affects on the marked immediate. the dow down almost 600 yesterday almost. thank you. here so weigh in on what the trade tensions mean for american farmers and consumers, roger marshal. good to see, sir, as always. you ve got to be pretty wired, your constituents have got to be pretty worried about this. oh, absolutely. leland. we re more than worried.