China imposes retaliatory tariffs after Trump’s went into effect


DEVELOPS ELLISON BARBER WEST PALM, TRADE IMPACTS MARKETS U.S.-CHINA REPORTEDLY STRUGGLING TO ARRANGE A TRADE MEETING FOR SEPTEMBER. THIS AS FRESH ROUND OF TARIFFS ON CHINA KICKED IN OVER THE WEEKEND TARGETING CLOTHING TIMES STRONGEST ALL OF THAT WENT INTO EFFECT SEPTEMBER 1, CHINA THEN, OF COURSE, RESPONDED BY IMPOSING RETALIATORY TARIFF ON U.S. IMPORTS SOYBEANS CRUDE OIL PHARMACEUTICALS FILED A COMPLAINT WITH WORLD TRADE ORGANIZATION JOINING US RIGHT NOW MICHIGAN CONGRESSWOMAN HOUSE ENERGY COMMERCE MEMBER DEBBIE DINGELL A PLEASURE TO SEE YOU THANKS FOR JOINING US.>>GOOD MORNING, MARIA. ALWAYS GOOD TO BE WITH REQUEST YOU –>>REACTION TO LATEST RETALIATION FROM CHINA OBVIOUSLY, IMPACTING MAJOR AVERAGES I KNOW YOU HAVE SIDE IN THE PAST THAT YOU SUPPORT WHAT THE PRESIDENT IS DOING BUT WITH WHERE IS THE END GAME HERE?>>WELL, I DON’T KNOW I DON’T KNOW WHERE ENDGAME IS PART OF THE PROBLEM AS YOU KNOW THE PRESIDENT TWEETED AFTER, I TALKED ABOUT IT, ON SATURDAY BUT I MADE IT VERY CLEAR, ON SATURDAY, THAT WE’VE GOT TO DO SOMETHING ABOUT CHINA. CHINA DOES — MINUTE OUR CURRENCY SUBSIDIZE GOODS BRINGING INTO OUR COUNTRY STEALING INTELLECTUAL PROPERTY, BUT CHAOTIC — LEAVES EVERYBODY GUESSING SO — I WISH THAT WE HE WOULD COMMUNICATE EVEN WITH HILL MORE WHAT HE IS DOING BUT I WILL TELL YOU HE HAS BEEN WILLING TO DEAL WITH UNFAIR TRADE PRACTICES IN A WAY THAT I HAVEN’T SEEN ANYBODY REALLY TO DO IN A COUPLE OF DECADES. MARIA: YEAH.>>WE’VE GOT TO DO IT IN A WAY WE UNDERSTAND, IT DOESN’T IMPACT THE MARKETS WE’VE GOT TO EXPLAIN IT TO CONSUMERS THAT THEY MAY HAVE SHORT TERM GAIN ON LOWER CONSUMER COSTS BUT WHEN THEY GET A MONOPOLY ON THE MARKET GOING TO RAISE THE COST. MARIA: YEAH –>>DO A BETTER JOB EXPLAINING IT. MARIA: MITCH ROSCHELLE IS HERE THIS PRESIDENT P COMPLETELY CHANGED CONFERENCE PEOPLE HAVE A CLEAR UNDERSTANDING OF CHINESE BEHAVIOR.>>JUST LIP SERVICE USED TO BE NOW IT IS ACTUALLY ACTION, AND WE’RE SITTING DOWN HAVING A CONVERSATION AND CALLING THEM OUT FOR SOME OF THE BEHAVIOR. BUT IT IS — IT IS A LONG PROCESS.>>UNCERTAINTY.>>ABSOLUTELY, CONGRESSWOMAN QUESTION FOR YOU BAY YOU ARE IN ANN ARBOR I GOT TO SAY “GO BLUE” TO YOU.>>I — WE HAD SENATOR BLACKBURN ON TALKED ABOUT USMCA THE FACT STALLED IN YOUR CHAMBER WITH ANY DEAL WITH CHINA QUESTION COULD IT GET PASSED LEGISLATIVELY WHAT IS A STATUES OF USMCA?>>WE ARE RETURNING NEXT WEEK, AND I THINK WE WILL HAVE TOUGH CONVERSATION, I KNOW THAT THERE HAS BEEN TEAM OF EIGHT NEGOTIATING I AM SOMEBODY THAT BELIEVES WE HAVE TO PASS I CALL IT NAFTA 2.0 WE’VE GOT TO DO IT SO THAT MY O WORKERS IN MICHIGAN ARE NOT COMPETING WITH 1.50 MAJOR IN MEXICO WE HAVE BEEN WORKING IT NEED AN UPDATED PRESIDENT TRUMP ON HIS WAY TO MEXICO TO TALK TO THE WORKERS THERE, I BELIEVE WE HAVE TO GET A BILL BUT WE GOT TO GET ONE THAT IS FAIR, TO WORKING MEN AND WOMEN, FOR ME TO VOTE FOR IT IN MY STATE IN MICHIGAN. MARIA: CONGRESSWOMAN YOU TALK ABOUT WORKERS IN YOUR AREA IN MICHIGAN. HOW WHAT DO YOU HEAR FROM CONSTITUENTS ABOUT HOW THE MANUFACTURING SECTOR IS HOLDING UP RIGHT NOW WITH ALL THE UNCERTAINTY OVER CHINA TARIFFS AND USMCA AND OTHER TRADE PROBLEMS?>>YOU KNOW THEY ARE TRYING TO UNDERSTAND IT, THAT IS PART OF THE PROBLEMP YOU KNOW. I DON’T THINK THE PRESIDENT DOES A O GAVED JOB OF TALKING ABOUT DOES A GOOD JOB TALKING ABOUT CHINA AT TIMES TO WORKERS I TRY TO TELL THEM, BY THE WAY, WHEN YOU IT GOES AGAINST GENERAL MOTORS TWEETS AGAINST GENERAL MOTORS, GENERAL MOTORS ISN’T EXPOR GENERAL MOTORS ISN’T IMPORTING FROM CHINA TO HERE LOWER COST GOODS ARE IMPORTED TO HERE LAST WEEK, LAID OFF 200 MORE JOBS AT STEEL PLANT REELING FROM CLUR OF FOUR GENERAL MOTORS PLANTS, WORKERS WANT TO KNOW WHAT IS BEING DONE TO STABILIZE JOBS HERE TO BRING JOBS BACK FROM MEXICO TO HERE. AND WE’RE TALKING ABOUT THAT, AND TALKING ABOUT HOW WE NEED TRADE POLICY THIS IS AN AREA THAT NASTEDA 1 THAT NASTEDA — NAFTA 1.0 COST SHOW, SHUTTERED PLANTS STANDING EMPTY.>>THE HOUSE CONTINUING TO RAMP-UP PRESSURE FOR IMPEACHMENT SOME DEMOCRATS CRUCIAL DISTRICTS PENNSYLVANIA CONOR LAMB NEW JERSEY, REPORTEDLY PRESSED TO ACT TO BRING IMPEACHMENT TO THE TABLE SO FAR, NET SO FAR, NEITHER HAS GIVING NANCY PELOSI LEVERAGE AS SHE ARGUES AGAINST IMPEACHMENT WHERE ASK YOU TO SANT I THINK NOBODY IS BOTHER THE LAW YOU GOT TO FOLLOW THE FACTS I WAS A IN ANN ARBOR I TOO HAVE BEEN TARGET OF SOME OF THOSE IDEAS BUT I AM VERY CLEAR WE ARE NOT GOING TO WIN AN ELECTION, JUST BEING ANTI– ANYBODY WE’VE GOT TO BE AND TALK ABOUT THE ISSUES WE’VE GOT TO TALK ABOUT HEALTH CARE TALK ABOUT TRADE, WE’VE GOT TO TALK ABOUT THE ENVIRONMENT. WE THAT IS GOING TO WIN THIS ELECTION. SO THE JUDICIARY COMMITTEE NEEDS TO DO THEIR JOB, FOLLOW THE FACTS, NO ONE IS ABOVE THE LAW PEOPLE LIKE ME, OTHER COMMITTEES NEED TO BE WORRIED ABOUT HEALTH CARE PREPARATION DRUG PRICES WHAT WE’RE GOING TO DO ABOUT THINGS LIKE — POISONING OF OUR WATER.>>YOU HAVE TO VOTE AT SOME POINT IF NANCY PELOSI DOES NOT BRING USMCA TO FLOOR WHO GETS BLAMED.>>I AM GETTING BOOK THERE I AM GOING TO PEOPLE KNOW HOW I FEEL WE NEED A NEW NAFTA 2.0, BUT WE GOT TO GET IT TO THE POINT TALK TO AMBASSADOR LIGHTHIZER REGULARLY, I AM NOT PART OF THAT NEGOTIATING COMMITTEE OF EIGHT I KNOW THEY HAVE BLEN TO MEXICO THEY HAVE BEEN DOING THINGS, I I THINK THE PRESIDENT TRUMP TO MEXICO WILL BE VERY IMPORTANT BRING LABOR ONBOARD LET’S SEE.>>GOOD TO SEE YOU –>>QUICK.>>YEAH, A LOT OF PEOPLE ARE REPUBLICANS ARE GOING TO SAY THAT DEMOCRATS DON’T WANT TO GIVE THE PRESIDENT A VICTORY ON NAFTA 2.0 WHAT DO YOU SAY TO THAT. MARIA: THAT’S RIGHT.>>WHAT I HAVE BEEN SAYING TO PEOPLE WE’VE GOT TEER CAREFUL THAT PEOPLE DON’T SAY THAT. THAT IS WHY I THINK THIS PRESIDENT TRIP IS VERY TRUMKA TRIP IS VERY IMPORTANT TO MEMBERS IF LABOR CAN SUPPORT COMPROMISE BILL THEY WILL BRING A NUMBER OF PEOPLE ALONG.>>YOU KEEP SAYING PRESIDENT TRUMKA WEIRD.>>I KNOW.>>UNITED STATES –>>TRUMKA THE LEADER –>>YOU GOT THE IT.>>THANK YOU TALKING ABOUT YOU ARE RIGHT I DON’T WANT TO

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