ahead of the tokyo olympics, we have an extraordinary look inside the nuclear disaster at the fukushima power plant. keir simmons found people still feeling the impact nine years later. reporter: we ve been given rare access to ground zero of one of the world s worst nuclear disasters. we keep a radiation monitor close. nine years ago, japan s strongest earthquake in history followed by a 30-foot tsunami. 22,000 people dead or missing. the wall of water smashing into the power plant causing meltdowns and explosions the cleanup has cost $294 billion now in many places, you don t need to wear a mask it is stunning that i can stand here with so little protective gear on the melted core of the reactors is just there.
here in the u.s. it potentially could mean higher prices for consumers. we see other countries hit back at the u.s. yesterday, canada slapped retaliatory tariffs on $13 billion in u.s. goods. that includes a 25% tax on 40 u.s. steel products and 10% tax on items like maple syrup, coffee beans and strawberry jam. it makes products those products more expensive in canada and can wind up hurting u.s. exporters or u.s. companies. american companies that sell goods in canada could be forced to cut jobs or raise prices here in the u.s. this is the beginning. president trump also considering placing tariffs on car imports. the eu is warning, if that happens it could strike back with tariffs on $294 billion worth of u.s. goods. this would be a big deal. it amounts to about 19% of total u.s. exports last year. example for you, gm, which imports car parts, says tariffs
to avoid a trade war. trump threatened tariffs on chinese imports last week. really important here, the timing. china is also the u.s. biggest foreign creditor, just ads the government plans to just as the government plans to sell $294 billion worth of debt this week. look at that. that s the highest amount of debt issued since the financial crisis. china owns more treasury bonds than any foreign country. the sale is to boost federal revenue because of trump s tax cuts. companies are paying less into the treasury coffers. that means, government still spending a lot of money, that means the united states has to borrow $300 billion this week to stay in business. hard to believe we are talking annual deficit trickling near a trillion annually under republican control. democrats losing their mind. breaking story moments ago. stormy daniels attorney asking a federal judge for permission to depose president trump. michael avenatti wants the president to share when he knows about th
on one. the u.s. is also currently talking with china to avoid a trade war. trump threatened tariffs on $50 billion of chinese imports last week. china is also the united states biggest foreign creditor. just as the government plans to sell $294 billion of debt this week, the highest level since the financial crisis, china owns more treasury bonds than any foreign country. the sale is to boost federal revenue, we ve got to borrow money to balance the books because of the big tax cuts. back to china. do you think we ll try a similar approach as we did with south korea on cars? again, the chinese don t want u.s. cars, but if you say you re lowering the tariff, you can claim some sort of symbolic victory if you re president trump? i think it is a much more complicated relationship there. and also you ve got against a backdrop of china buying u.s. treasuries, that is really an interesting dynamic for negotiators. joining us from washington this morning, politics digital director zam
one on one. trump threatened tariffs on chinese imports last week. china s also the u.s. biggest foreign creditor just as the government plans to sell $294 billion worth of bonds, issuing debt this week. the biggest amount since the financial crisis in 2008. china owns more treasury bonds than any foreign country. the sale is to help boost federal revenue declining because of trump s tax cuts. let me say this again you remember how republicans and fiscal conservatives screamed during 2008-2009 over government spending. very well remember that. almost $300 billion the united states has to borrow to help bay for the tax cuts. help pay for the tax cuts. it s own getting worse with the size of the omnibus and spending bills as we move forward. president trump privately floating the idea of using the military budget to build a wall on the border with mexico. a source telling cnn the president discussed the notion in a private meeting last week with house speaker paul ryan. th