u.s. offers new trade talks with china. the feds see u.s. growth but also plans trump's tariff war is starting to hurt at home. devicesviews, two new and a third will attract a broader audience. u.s.t's get started with major averages and how they finished the wednesday session. picture.mixed we had optimism over potential trade talks with china, but at the same time, a tech slump and semiconductors taking a hit. the dow raising by 0.1%. financials and tech weighing on the stock. goldman sachs downgrading a few semiconductor companies on industry concerns. bute debuting products, launch since 2015. the nasdaq down 0.2%. let's see how this goes through the asians session. sophie kamaruddin is taking a look. sophie: with that tech decline likely overshadowing optimism, asians stocks set to continue their free fall after a 10 day slump. on the data docket, 7:50 a.m. hong kong time, slashed core machine orders. we do have the indian financial markets closed, so we will not get much reaction to the slowing read we got for august. aussie unemploym

china. but the u.s. china shipping accounts for 2% of fed fedex totasales. >>> given the enormous sides of the latest tariffs at $200 billion some economists are saying these will be felt directly in the walt wlets ofns ers. steve liesman breaks it down. >> most person americans have been able to avoid thede war. but maybe not anymore. the imposition by the trump administration of $200 billion new trafrs on china could bring the trade war home literally. about 50% of the tariffs are on consumer goods. that includeser comp furn turs lamps and food products. meaning higher prices. and when prices ris people buy less so growth declines. economists debate the magnitude of the tariff impact nearly all think it's negative for gdp. that could bese ld if the tariffs are temporary and break downse trade restrictions. some peg it at a couple points of gdp. one forecaster said all thees u. ch tariffs combined with chinese retaliation could shave a half point off growth growth next year. some warned of recession.s mo

u.s. can do you know on the truck and in ministration you do even more. china can further cut off access to u.s. corporations in china. they can increase their tariffs by a higher percentage than what the u.s. did but the real the real threat here is that cut off rare earth elements and supplies used in u.s. weapons systems still phones and no i i think that's the big retaliatory threat at the moment miche actually and as usual thanks for being on the kaiser report pleasurably back on macs you've got to do this again looking forward to it well that's going to do it for this edition of the kaiser report with me max kaiser and stacey everett i think i guess miss shedd luckovich talk dot com if you want to catch us on twitter it's guy's report until next time by l. . tell him to imagine decades of to the war a nazi don't you it was still active. in the nineteen seventies cretonne had as the cheer of its bowed a man convicted of mesmo and slavery and auschwitz the german company good until it developed through the divide a drug that was promoted as completely safe

u.s. china partnership and rational trade relations the current situation has already ruined that there is no way to complete the promise now but we won't stop working hard to promote the house the development of china u.s. trade i think apple was exempt from a lot of those tariffs even though all their products are made in china when i was talking about the u.s. defense budget and that six hundred seventy four billion dollars it made me think of how national priorities work and how you decide to spend as a nation your your tax collection the government decides to spend their tax collection and i thought of about because six hundred seventy four billion dollars is more than medicare is about medicare and medicaid combined a little bit less but i looked at the u.k. and the n.h.s. budget there is one hundred and twenty four point seven billion pounds their defense budget is thirty five billion so what i'm saying is that in the us imagine if they did the same as the u.k. three and a half times thei

u.s.-china trade tensions. waras saying that the trade between the u.s. t longer and have a more significant impact than people are expecting. he sees no short-term solution and said china should take this as an opportunity to conduct market reform and also ships its biggest -- business focus to africa and southeast asia. >> what other i listed we get --m the investors conference what other highlights did we get from the investors conference? >> new retail, entertainment and also commerce were set in stone. reaffirm they are expecting 60% growth for the financial year of 2019 and the vice chairman said alibaba is nowhere near done. we should expect the country -- the company to continue as it builds out across the sectors. it is pretty hard to compete with jack ma, especially since he did not hold back when it .omes to u.s. trade war you are seeing improvement and also a sense of ownership. did not really reveal a new initiative. is the plansaying that help our been set in motion and really taking the company to the next level. we also had a concern regard

u.s. goods with 5% to 10% tariffs. china's holdings of u.s.uries fell to a six-month low in july, just as a trade war between the world's two largest economies began heating up. beijing's ownership of american bonds, bills, and notes, slipped to 1.17 trillion dollars. increased its holdings as did saudi arabia, taiwan, singapore, and france. the bank of japan has left its monetary stimulus program unchanged after adjusting its policy settings for the first time in nearly two years in july. the central bank maintained its 10 year bond yield target, asset purchases, and guidance on interest rates, as predicted by by 51 economists surveyed bloomberg. that leaves the boj further behind its global peers, who are moving to return to precrisis monetary policy. u.k. and the european union have signaled their readiness to work to break the deadlock in brexit talks as britain's prime minister prepared for a crucial summit aiming to persuade e.u. leaders to back her plans. chief brexit negotiator, michel barnier, repeated his offer to rewrite his bluepri

china can further cut off access to u.s. corporations in china. they can increase their tariffs by a higher percentage than what the us did but the real the real threat here is that cut off rare earth elements and supplies used in u.s. weapons systems glass cellphones and the like i think that's the big retaliatory threat at the moment miss actually and as usual thanks for being on the kaiser report pleasurably bag on macs we got to do this again looking forward to it well that's going to do it for this edition of the kaiser report with me max kaiser and stacey everett on i think i guess miss shedd luck and dot com if you want to catch us on twitter it's guys report until next time by elf.

u.s. and china are hitting each other with tariffs. just hours ago the u.s. imposed a 10% tax on $200 billion in chinese goods. this round hits thousands of consumer goods like furniture and electronics. china is retaliating with tariffs on $60 billion in u.s. exports. >>> iran is vowing deadly and unforgettable revenge after a terror attack at a military parade on saturday. authorities say gun men killed at least 29 people in the country's southwest. they have blamed multiple factions, including the u.s. and saudi arabia. the u.s. ambassador to the u.n. nikki haley denies the u.s. played a role. >>> japan's prime minister shinzo abe met with u.s. president trump sunday ahead of the u.n. general assembly. in remarks on japanese television, mr. abe said the two men discussed north korea and had constructive talks on trade. mr. trump has threatened a 25% tariff on japanese vehicles to reduce a trade deficit. >>> well, president trump's supreme court nominee bet kavanagh is now denying a new allegation of sexual misconduct, and the white house is standing by him,

china u.s., last 30, 40 years, becomes such a big size there's no problem it is impossible there is big problems, it is unnatural. >> i'm optimistic because trade is one of those things where it is not a zero sum gain you and i can trade something and we can both win. so i am optimistic the two countries will sort this out and life will go on. >> for more, we are joined by vc markets head of strategy, and mike santoli good morning lori, we talked about your negative view on tech. and the nasdaq is on pace for the first monthly decline since march. is this going your way >> yeah. we described it to investors recently as we are walking across a pond in the winter, it is frozen and cracks are going to emerge. a lot of people think they're making it across the pond and make it. but there are cracks i am hearing it loudly in my ears. >> i can't get into specific names, semis has gotten caught up in trade issues and other questions on fundamental demand and whether or not that's eroding. that was a se

u.s. can do you know on the trunk and in ministration you do even more. china can further cut off access to u.s. corporations in china. they can increase their tariffs by a higher percentage than what the u.s. did but the real not the real threat here is they cut off rare earth elements and supplies used in u.s. weapons systems glass still phones and the like i think that's the big retaliatory threat at the moment miss actually and as usual thanks for being on the kaiser report pleasurably back on macs we got to do this again looking forward to it well that's going to do it for this edition of the kaiser report with me max kaiser as they stare at last i guess this headlock and talk dot com if you want to catch us on twitter it's guys report until next time by elf. join me every thursday on the all excitement and i'll be speaking to us of the world of politics sport those those i'm sure both of those i'll see you there. are a. ton of welcome to worlds apart israel has long made the point that it puts its security and the lives of its service men about everything

china can further cut off access to u.s. corporations in china. they can increase their tariffs by a higher percentage than what the u.s. did but the real the real threat here is that cut off rare earth elements and supplies used in u.s. weapons systems glassed cellphones and the like i think that's the big retaliatory threat at the moment miss actually and as usual thanks for being on the kaiser report pleasurably back on macs we got to do this again looking forward to it well that's going to do it for this edition of the kaiser report with me max kaiser and stacey or at last i guess miss shedd luck and talk dot com if you want to catch us on twitter it's guys report until next time by l. . join me everything on the alex salmond show and i'll be speaking to guest of the world of politics school business i'm showbusiness i'll see that. the thing you know we need to go back to invite more foreign forces out stuff so position that's also the position of the guy. that the. song goes in one piece even if there is a number of contingency they will have

u.s. tariffs affecting china's economy. he u.s.,arge you have another part of the world, which is europe. this is very important for china to make sure your -- europe does not follow the u.s. in this labor. the rebalancing toward emerging economies, which has been happening for a long time, and the fact that europe so far has not followed the u.s. will help china. it might not help china to avoid an economic impact, and this is why i would agree more stimulus is coming, but it is certainly very important for china to be sure that it offers europe enough on the plate for europe not to align with the u.s.. very slow, but structural rebalancing toward belt and road countries. that can happen quickly. rishaad: these economies are generally pretty small. ultimately, the u.s. is the biggest consumer market in the world by a stretch. the point being, even if you slap tariffs on, you have a yuan which has depreciated, how much would demand vehicle ultimately? alicia: not very much so far, but the problem is expectations. if you are

china-u.s. trade war is hanging a dark cloud over the stock market. ne is worried about the economy and manufacturing activity. front,the financial there's deleveraging going on in china. we've justrishaad: got the open. it is looking a bit like hong kong did yesterday. you say this could be just another correction. we've had a good few days. >> that's right. i've spoken to some fund ,anagers in china and they said not just on the international front, but domestically, the economy is slowing down. year,ast year to this maybe even lower. rishaad: really? that is quite aggressive. many economies would be giving their teeth to be growing at 6%. [laughter] cities,nk in the major beijing, shanghai, it is ok. but if you see the rust, it is terrible. young people are leaving by the million. economy slowing down, it is difficult to create jobs and keep the young people there. yvonne: what do you make of this white paper china released? do you think it has lined out a pretty clear strategy for how they are going to fight this trade war and support the economy?

u.s. from china. that everything else will be home here in the united states. is a calculation from the chinese that they will not be win a trade war against the u.s.? especially given the different economic conditions of two nations. >> i don't think the chinese said, theycause as i economic program. xi jinping wants to keep growth 6%.e we need china on north korea. people tend to forget that. goes throughade china. if ewith want -- if we want an agreement with north korea, kim jong-un have to deal with china. is how farn president trump is going to take this. he's got elections coming up but got lot of pressure also from some members of congress and from manufactures get and importers to try to an arrangement. him said, when they get involved, the chinese want to do deal. haidi: do you think there's a great appreciation in the white house of the destruction of asia.relationship in not just in china. he's talking about relooking at relationship with japan when it comes to trade. has direct impact on security arrangements. do you think a conversation is now? had

china. possible that the u.s.-china trade war the more of an opportunity than a threat as the u.s. moves away from china? >> we are bringing both opportunities and challenges. opportunities give us a chance to open new markets and balance trade with some countries. them.eed us and we need you thatncerned are comes tariffs would now be focused on vietnam given that trump himself has said he will be looking to the rest in asia? >> i told trump i would agree with him. the investment is also very positive. uncertainties, that means negotiating new trade already negotiated with right now. how susceptible is vietnam from a fallout from trade conflict? >> let's put it into perspective. trade amounts to double, so trade is really crucial to the country's growth and in terms of toa, it is most susceptible a very open economy. vietnam exports almost all of what it produces and just to give you some insight, it produces at least if you percent of our smart, so vietnam relies a lot on exports for growth. given that u.s. and china are growth trading partners, the biggest trading partners for the

instead of panicking while the world awaits what trump will have to say at the general assembly china and the u.s. continue locking horns over trade tariffs niemi chill and restrictions have come into effect meaning that it's worth two hundred sixty billion dollars and now subject to extra levies china has already lashed out against the u.s. accusing it of protectionism and economic accounting. has more on the growing changeable. the back and forth between the u.s. and china is quickly escalating into an all out trade war between two of the world's biggest economies and this latest round d.c. has imposed penalties on two hundred billion dollars worth of chinese goods and that's set to increase further at the beginning of next year trump clearly means business we're also cracking down on the unfair trade practices from china we are far more bullets we're going to go two hundred billion to two what if i push it. johnnie's very goods. and we will come back with war if they retaliate we have a lot more to come back with but china isn't taking any of this lightly they've hit back and added more tariff

of panicking and while the world awaits what trump will have to say at the general assembly china and the u.s. continue locking horns over trade tariffs new mutual restrictions have now come into effect meaning that goods worth two hundred sixty billion dollars and now subject to extra levies that china has already lashed out against the u.s. accusing it of protectionism an economic agenda any auntie's jacquelina as mine. the back and forth between the u.s. and china is quickly escalating into an all out trade war between two of the world's biggest economies and this latest round d.c. has imposed penalties on two hundred billion dollars worth of chinese goods and that's set to increase further at the beginning of next year trump clearly means business we're also cracking down on the unfair trade practices from china we are far more bullets we're going to go two hundred billion to two what if i push it. johnnie's very goods. and we will come back with war if they're rich we have a lot more to come back with but china isn't taking any of this lightly they've hit back and added more tariffs on a

on the other side china's imports from the u.s. last year totaled one hundred twenty nine billion dollars china responded to the u.s. terror of spy also imposing duties on fifty billion dollars worth of u.s. goods this summer and now it's adding tariffs to a further sixty billion dollars worth. the war of words continues to here's what u.s. secretary of state might pump aoe had to say about the trade war in a t.v. interview. we know this much of the trade war by china. has been going on for years. here's what's different. to the extent one wants to call this a trade war we are determined to win it. china's leadership for its part accuses the united states of bullying with no sign of a let up in the tit for tat spat economists say the real losers in this trade battle could ultimately be the consumers in both countries. an impressive achievement a german made robot pouring a glass of wheat beer in the approved manner but for some there's a bitter. aftertaste in the knowledge that the company that made the robot has been sold to a chin

u.s. and china. they give so much for joining us. s kind of exhausting keeping up-to-date with what is happening in the u.s.-china trade relationship, but we have heard the new round of paris will come into effect on september 20 fourth. how do you invest in an unknown environment like this and what do you tell your clients? >> truly heating up, this whole subject, and if it plays out as people fear, it's going to hurt unemployment, the profitability of u.s. companies, but i also think there is a scenario that we are maybe not giving enough credibility to and that is the de-escalation and that there is a reset of the trade relationship but that they can continue to do well. ignoring the emerging markets for a little bit, the overall world has been growing. we get overwhelmed by all the headlines in the china trade -- china-u.s. trade dispute. >> you're looking five years to 10 years ahead in terms of your investment strategy, so what areas are you looking at? >> our business will continue to grow because the world will keep growing, a

u.s. andbetween the china, trade volumes between the u.s. y diminish over time but we were just reallocate to other places. they may be the second-best alternative, it may cost more, but the effect on gdp is modest. if it is a more broad-based anti-trade, it is harder to hide in that world. you cannot reallocate trade flows to second-best alternatives. just said,h what was something that will gradually build over time, probably find now given the fiscal stimulus we are receiving but i think this is a shift in the relationship between the u.s. and china, and i don't think it is going away anytime soon. david: that seems to be the case. we spoke to kevin hassett and we had to press him. he said there would be some affect on gdp growth. >> i think it would have some affect, precisely, it would depend on whether we go all the way or not. the idea that gdp growth is north of three, maybe even four in the third quarter, that would still definitely be true. that all the way, another of the 250 on top billion. have they built and a cushion because of

u.s. and china trade war keeps up. ospects for success. ♪ ramy: welcome back, this is daybreak asia. haidi: the trade war intensifies in the coming hours. the u.s. and china hit each other with their biggest round of tariffs yet. duties on $200 billion worth of chinese goods. china has said it will retaliate in kind. let's talk all about this with jerod munchen from the university of sydney's u.s. senator. -- center. last week we had markets kind of sanguine throughout the course of the week thinking this is as bad as it gets. the chinesekend pour cold water over any potential for a last-minute circuit breaker. >> i think part of the market response was because of the u.s. went with 10% initially rather than the 25% that perhaps was anticipated. as you say, the chinese have made clear over the weekend there were no plans for any near-term negotiations. most people are looking for the midterm u.s. elections as a hurdle to get over before any meaningful talks begin. the broader movement remains there is little prospect of

u.s. bound exports in the summer china responded to u.s. tariffs by imposing judy's on some fifty billion dollars worth of u.s. goods and now it's retaliated again by adding duties to a further sixty billion dollars of u.s. goods but if the u.s. ups the ante again china doesn't have much room to move. meanwhile the war of words has also escalated here's what u.s. secretary of state mike pump aoe had to say about the trade war when he appeared on u.s. television on sunday. we know this much the trade war. against the united states has been going on for years. here's what's different this administration. determined to win it china for its part accuses the united states of bullying with no sign of a let up in the tit for tat dispute economists say the real losers in this trade battle are likely to be consumers in both. entries. now for more let's cross over to new york and our financial correspondent scored a yes as u.s. china terrorist kick in market the u.s. market for the first time since u.s. president donald trump announced the new round

on the other side china it's imports from the u.s. in twenty seventeen total one hundred twenty nine billion dollars in the summer china responded to u.s. tires by imposing duties on some fifty billion dollars worth of u.s. goods and now its retaliation began by adding juiciest to a further sixty billion dollars of u.s. products. meanwhile the war of words continues to. here's what u.s. secretary of state mike pompei o had to say about the trade war when he appeared on fox news on sunday. we know this much the trade war on by china against the united states has been going on for years. here's what's different in this of ministration to the extent one wants to call this a trade war we are determined to win it china for its part accuses the united states of bullying with no sign of a less open the tit for tat economists say the real losers in this trade battle could ultimately be consumers in both countries. we asked the german economist clarence firsts which side is hurting more in this dispute. the u.s. economy can hardly replace the c

have this is not international so china the u.s. continue to lock horns over trade tariffs new mutual restrictions or come into effect meaning now that goods worth two hundred sixty billion dollars are now subject to extra levies. has more on the growing trade or. the back and forth between the u.s. and china is quickly escalating into an all out trade war between two of the world's biggest economies and this latest round d.c. has imposed penalties on two hundred billion dollars worth of chinese goods and that's set to increase further at the beginning of next year trump clearly means business we're also cracking down on the unfair trade practices from china we are far more bullets we're going to go two hundred billion to two what if i push it. johnnie's very good. and we will come back with war if they retaliate we have a lot more to come back with but china isn't taking any of this lightly they've hit back and added more tariffs on american products with up to one hundred ten billion dollars and it might not stop there already thr

china's u.s. treasury holdings have hit a six-month number. as of july beijing held 1.1$1.11 trillion worth of u.s. government debt. 1.171, but they did have 1.178 trillion in june that is among speculation that china could use the u.s. debt to retaliate against washington in the trade war by dumping their treasury holdings, or maybe not taking such a proactive part in forward auctions speaking alongside poland's president at the white house, mr. trump threatened further trade measures and said he would no longer allow other global powers to take advantage of the united states. >> you have to do something about it we have the piggie bank to the world. we have been ripped off by china. we've been ripped by, excuse me, mr. president, the european union, of which you're a part of wove been ripped off by everybody. and i want to protect the american worker, the american farmer, the ranchers, the companies. and we're not being ripped off, you will see in a little while >> the chinese premiere li hit back at the u.s. in a speech saying unilateral tra

u.s. and china in particular, how does the fed ofct to that type stagflationary shock? happens when you already have tariffs on billions of dollars of goods. what happens to inflation and economic growth forecast for the u.s. economy? >> that's a big question. trump was clear that these tariffs are going to be staggered. first there is a 10% tariff on $200 billion of imports from china. to 25% on january 1. if china retaliates, which it has said it will do, then you get a further line of tariffs. i think that will be negative for growth what push-up inflation temporarily, which makes for a dilemma at the fed. does the fed react to higher inflation, or to lower growth? our feeling is that it will react to lower growth first because that will be the priority. it's likely to pull down inflation. over time the inflationary shock will be transitory and we expect the growth effect to dominate to the downside, which is a big risk for the u.s. economy. shery: has the behavior of the u.s. dollar per packs to -- perplexed you as it has? many as you see 10 year yield starting to cr

u.s. is only about 16% of china's total exports. sed tariffs on europe, canada, mexico, brazil .nd a lot of countries in steel we are talking about doing the same thing in automobiles. , it is thecountries u.s. that is cracking the rules and this is going to give china a great opening to talk to those countries about closer trade relations. a lot of those countries are negotiating free-trade andements with each other the big danger is the u.s. is raising tariffs on a number of products, isolating itself from world markets while a lot of our trading partners are actually getting together. the negotiate -- the europeans just negotiated a deal with japan. that goes along with what is happening between the u.s. and china at this moment. david: we have heard from the president repeatedly that the united states really has the cards as our economy is robust and growing faster than a lot of the world. even in china, the growth faces slowing down. does the president have a point that he does have leverage against people like the chinese? rufu

i introduced this segment with china-u.s. ties, but there is more happening, especially between korea and the u.s. we saw president trump and president moon jae-in sign an agreement. how much has the u.s. gained from that renegotiation of the agreement? >> it is good for the president because he accomplished something. this is the first agreement i have finished so he gets credit for that. change from the existing agreement. he got something on cars and steel. -- koreans were relatively made relatively modest concessions. it is good to have it in the rearview mirror, and expectations in washington these days are pretty low. as long as nothing bad happens, it is a good day. so far, this has been a good day. we have to be careful in terms of whether we extrapolate when it comes to the renegotiated south korean trade agreement to a potential similar format for talks with japan, whether we will see a new nafta deal, and the big one, the trade dispute with china. is it too early to say this signifies a conciliatory tone from the ad

u.s. and china, people may be overestimating the damage. pectt see -- we don't the worst case to happen, we don't think the damage will be that devastating. it is true that both the u.s. and china together make up more than 20% of world exports. curiously, the bilateral trade between them is less than 5%. let's cut through more detail. as you look at the value of all chinese imports into the u.s., or u.s. exports into china, that number is less than 5% of the gdp of each country. which willral trade, declined by 10 or 20%, the impact on gdp of each of those countries will be well less than half a percent. shery: it is not just about the bilateral relationships. what about the implications for the entire supply chain, particularly in asia? sandip: let's try to look ahead and see how that plays out. i will offer a perspective -- should the global trade war unfold in its entirety to the fullest impact? maybe the volume of aggregate global trade, or trade flows, may not go down a whole lot. what might happen is we will see a different compositio

is trying to sort china's influence the u.s. has seen china and has officially publicly said that they see china as a competitive threat. economically as well as politically and and so this is basically an expected move in this framework and i would say that you know the specifics of whether you know it's a tit for tat on the media side to sort of irrelevant because in the past the u.s. was trying to bring china into the fold and make china more american so to speak and. basically overlook various differences because they realize that china is simply a country that was developing and had to play catch up in a lot it areas and so. we couldn't expect china to have the same exact standards as a lot of western countries and so we were a lot giving that leeway. these moves these days show that it's a completely different attitude now so you think with foreign. trade now becoming a particularly unseemly battle but now we are doing is of trying to be on the same page between the six in china that's now out the window as far as you see.

u.s. buys from china. everything the u.s. buy was china would have a tax on it. even consumer good that's have been largely -- goods that have been largely spared, electronics, shoes, toys. the tariffs on car parts would rise the price of a new car by several thousand dollars. the latest tit-for-tat could hurt feature trade talks. china and the u.s. are gearing up for a new round, but the business roundtable warns that tariffs are the wrong way to achieve real reforms and threaten u.s. businesses and workers. for now, corporate profits are strong, and that tariff rate, that tax of 10%, not the 25% that many had feared, because that tariff rate is not as high as investor fears, wall street had shrugged off these trade concerns yesterday. global stocks also rose overnight. this is real now. this is what it looks like. a punch and counter punch. tough talk from the united states and china. china dug in, the u.s. dug in, this is what a trade war looks like. >> the continued strength of our economy would suggest we might have leverage here, president trump may. >> tha

china like the u.s. hurt long-term, hurt a little bit short term but china like the u.s.'s big enclosed and has policy options. what i am worried about our number of the countries around china that are focused on part of the supply chain and also japan. both are getting hit from the u.s.-china problem and the mexico auto problem. the potential for the trade war problems worsedm places like indonesia israel. -- is real. give me your outlook for world growth and inflation and given the cacophony of events we just discussed. adam: you travel seven yards forward after you hit the brakes. the u.s. and the world economy are going to do ok through most of 2019. not as well as it would have without the problems, certainly not as well as it would have without the trade problems. where momentum will carry us forward. so we go back to anna's questions and your questions about the politics, when duke people joined it up if it is going to be another six or 12 months of good growth before we anna: the effects. -- befor

does china retaliate? are u.s. companies ready for it? china will retaliate, no question. e currency depreciate. they do not have enough goods that they can tax to compensate. they're going to make it difficult for u.s. companies to do business in china. what that means, a lot of them have made decisions to build up inventory ahead of time. if this were to persist for a long time, supply chains would be interrupted. do you think it will last for a long time? will this escalate? offard reports a good shave .4% off world growth. vincent: that is what i am hearing. there is no telling how long this could go. i do not see the president backing off until after the midterm elections. if the house were to shift democratic, that might put more pressure on the president to alleviate the situation. we are going to be into this through november and then we shall see what the politics changes. scarlet: it has not played into the em turmoil story we have been tracking. it is a function of turkey, of tariffna, where is this issue looms larger in the background. as you look at em currenci

u.s.-china trade tensions. president trump wants to go ahead with tariffs on $200 billion of chinese goods, and the wall street journal reports china may turn this down to restart talks. joining us is bernie kohn. are we seeing a game of bad cop, good cop when it comes to trump and mnuchin? bernie: you have hit it on the head. the question is are they tired of trump's pressure tactics? have they struck trade deals with mnuchin before, only to have it vetoed before? there are signals in both directions. either way it sets up a week in which officials that were due to come to washington for talks, it may not happen at all or may not produce much. haidi: do we know anything about the timing of when such tariffs would go into effect? bernie: that is our understanding. it has been reported monday, tuesday. we have reported it might be in the next few days. i had don't know any of that -- i don't know any of that is wrong. there are a number of wheels turning. one is whether the tariffs are at a point where you are p

u.s. president donald trump slapped his biggest tariffs yet on china china fired straight back from beijing tariffs on sixty billion dollars worth of u.s. goods casting doubt on any willingness to make a deal in the near future uncertainty is now growing as to whether the two economic superpowers will hold trade talks as expected later this month on look you saw groove on we keep stressing that the dialogue and consultation based on quality good faith in mutual respect is the only right way out of the trade dispute going on but what the u.s. is doing now shows no sincerity and goodwill for found out i love seeing the china's counterattack comes in response to washington's move to slap two hundred billion dollars worth of tariffs on chinese goods overnight on monday those duties are set to come into effect on the twenty fourth of september starting at a rate of ten percent rising to twenty five percent at the end of the year and targeting mainly consumer products ahead of beijing's retaliation president trump appeared to think the move was enough to force china to the negotiating table so ch

u.s. and china. haslinda: is it possible that the u.s. unity rather than a threat, as the u.s. moves away from china? both are bringing opportunities and challenges to us, but more opportunities and opportunities and challenges. it has forced us to balance our trade with other countries. we are not adversaries with anyone. them, andus, we need we cooperate on an equal footing. haslinda: how concerned are you that trumps tariffs would now be focused on vietnam, given that it trump himself has said that after china, he would be looking to the rest of the trading partners in asia? >> last time i told trump that i agreed with him, that we need to trade. our that what we shipped to the u.s. is actually benefiting american buyers and investment inflows from the u.s. to vietnam is also very positive. vietnam on this are exploring ways to boost its growth.and it has artie talked about establishing trade deals upon from the 12 deals it already has today. shery: and of course, coming as are seeing more trade tensions between the u.s. and china. has