a court deciding that she was allowed to take a child to kindergarten in germany but in fact behind that is a political maneuvering. attempt by turkey to relax tensions both with germany and with other countries for instance turkey released two greek soldiers in recent days as well which had led to that case had led to heavy tensions between greece and turkey and the head of amnesty international and turkey was also released this is obviously against the background of increasing tensions with the united states there are u.s. priestess still being held in turkey and that has led to an incense reaction from donald trump which has put a lot of pressure on tookie absolutely in fact we have seen and essentially an economic meltdown in the country in turkey as it s locked in that are you know trade spat with the united states. from the german perspective could we see the german government turn all of this to their advantage regarding leverage over turkey. yes indeed there have been several p
on another $16 billion in chinese goods, bringing the total value to $50 billion. the trump administration released its list of 279 products yesterday, targeting things like chemicals, motorcycles, and antennas. the 25% tariff will take effect august 23rd. chinese state media slammed the move overnight, warning that wantingly raising tariffs will only hurt the u.s. beijing already said it would strike back in equal measure, just like last month when the u.s. imposted tariffs on chinese goods worth $34 billion. wall street shrugged off the first round, but u.s. business warned they will raise prices for consumers, especially as the trade spat escalates. the white house is threatening an additional $200 billion in tariffs on chinese goods. china plans to hit back with its own tariffs worth $60 billion. the trump administration says the tariffs are punishment for china s unfair trade practices, like stealing u.s. technology, stealing u.s. trade secrets. beijing denies those allegations.
reaction. the supergrowth that the president talked about, that s really earnings have been so good because of some of these trump policies, like cutting taxes. i mean, that s really been the most important here. so, at this point, they feel like the trade war is contained, and there are some who say if you didn t have this trade spat, you d see stocks even better. yeah. worth watching. obviously not stopping any time soon. all right, iowa college student mollie tibbetts now missing for three weeks. coming up, why her father believes she s still alive. and why secretary of state mike pompeo may be headed back to pyongyang. a live report after this. my name is jeff sheldon, and i m the founder of ugmonk. before shipstation it was crazy. it s great when you see a hundred orders come in, a hundred orders come in, but then you realize i ve got a hundred orders i have to ship out. shipstation streamlined that wh the order data, the weights of , everything is seamlessly
there will be a cost to the consumer, no doubt. the president pointed to the chinese markets in his argument. and said the chinese markets are down 27%, the stock market and said that is evidence the trade strategy is working. there s a huge government focused deleveraging going on there, cutting debt campaign going on and the trade spat. it has not been good for chinese markets. but i think using the chinese markets as somehow a barometer for how americans will feel better about paying more for a car or more for a coke, those are two different economic statistics. i m not quite sure that that sells his argument there. you know, look, the long term strategy here, in the short term there will be pain because these companies american companies paying this tax will have to find domestic sources, right? long term. the white house strategy is that long term you re going to exchange for the balance of trade. the irony here is that the chinese have sort of shifted from that manufactur
now in a separate trade spat with from mexico and anna da and the european union to jointly come to the table and try to encourage china to improve their behavior. one reason we didn t just go to sort of the blunt tool of tariff threats is that the cost is ultimately borne by u.s. consumers and businesses and workers. as we ve seen in case after case, whether it was the tariffs on steel, or the threatened tariffs again the european union, it was american businesses and farmers that have screamed the loudest. and what concerns us now is to get to the next level of tariffs that president trump has threatened, the overwhelming negative impact of that will be on american families and american consumers. the government is, i think coming up with $11 billion or $12 forfarmers. but if you take all the losses,