China’s first retaliatory import taxes go into effect today on a wide range of U.S. goods, but the Trump administration has signaled they plan to levy even more tariffs on trade partners.

Fox Business correspondent Gerri Willis speaks with President of Laffer Tengler Investments, Art Laffer Jr., about how China’s counter-tariffs, President Trump’s plans for 25 percent import taxes on all aluminum and steel, and Trump’s call to the Treasury Department to stop minting the new penny.

Photo Credit: AP

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