Face the Nation with Margaret Brennan
Ambassador Jamieson Greer, Neel Kashkari, Rep. Ro Khanna
Apr 13, 2025
Neel Kashkari, President of the Federal Reserve Bank of Minneapolis, shares insights on the economic ramifications of the U.S.-China trade war, discussing market volatility and the balance of inflation control. Congressman Ro Khanna voices the tech sector's concerns on trade policies affecting Silicon Valley. U.S. Trade Representative Jamieson Greer delves into the complexities of current tariffs, emphasizing the need for strategic economic approaches. The conversation also touches on public sentiment around Trump's economic handling and a crucial update on the measles outbreak.
54:28
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Quick takeaways
- The ongoing U.S.-China trade war, marked by escalating tariffs, poses significant economic risks, threatening market stability and investor confidence.
- Public concern over President Trump's tariffs indicates fears of rising prices and potential inflation, reflecting a divide in sentiment among Americans regarding economic impacts.
Deep dives
Trade Tensions Between the U.S. and China
The ongoing trade war between the U.S. and China has intensified, with significant tariff increases on both sides. President Trump raised tariffs on Chinese imports to 145%, leading to a retaliatory 125% tariff on American goods by China. Despite modifications to some tariffs, Trump continues to pursue aggressive trade policies aimed at reshoring American manufacturing. This approach has sparked concerns over the long-term economic implications for both nations and global market stability.
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