"I don't think it'll lead to any international conflict or anything like that, but I think they'll probably try to figure out how they can raise tariffs, maybe on products that are unrelated,"The President said he expected the coming trade conflict to be manageable, telling Yahoo Finance Executive Editor Brian Sozzi that China is "way over their skis on this."
But, like the Chinese retaliation that happened during the Trump era, that is likely to mean a few prominent American sectors could feel the pinch most acutely. In a statement, Council president Craig Allen offered that the new tariff package, however targeted, "invites retaliation from China, which combined could further disadvantage US companies selling goods and services in China's market compared to their foreign competitors."The early estimates from other experts have offered a variety of ways things could go.
The American Soybean Association recently offered that soy growers are "still bruised" by that episode, with China's response one that "essentially halted soy exports to the country overnight.""History is a good indicator," he notes, listing agriculture as an area where China has the ability to impact the US economy and one with political salience in 2024.
NEW YORK — Donald Trump's fixer-turned-foe, Michael Cohen, directly implicated the former president in a hush money scheme Monday, telling jurors that his celebrity client approved hefty payouts to stifle stories about sex that he feared could be harmful to his 2016 White House campaign. “You handle it,” Cohen quoted Trump as telling him after learning that a doorman had come forward with a claim that Trump had fathered a child out-of-wedlock.