Transcripts For KGO ABC7 News 400PM 20160121 archive.org - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from archive.org Daily Mail and Mail on Sunday newspapers.
A very good friday morning to you. Im jim sciutto in washington. Poppy harlow is off today. We are following breaking news this morning. No end in sight for President Trumps trade war with china. In just the last hour, china has announced it will impose new tariffs on 75 billion in u. S. Goods. It comes as we wait to hear from the fed chair Jerome Powell at any moment. He is speaking at an Economic Forum in wyoming. Will he announce Interest Rate cuts as he faces Major Pressure from the white house . Its go to alison kosik. Tell us what these new tariffs mean for the u. S. Economy. So the new tariffs are sort of a slap back at the Trump Administration for its final round of tariffs on the remaining chinese goods of 300 billion in chinese goods that come into the u. S. Those tariffs are a 10 tariff going into effect on september 1st and december 15th. So in retaliation for that, china went ahead and announced its over tariffs on 75 billion of u. S. Goods. A tariff anywhere from 5 to 10
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