Date: Saturday, 07-July-2018, 10:11 AM | Message # 1
China vows to retaliate against U.S. tariffs in trade dispute escalation
CBS This Morning Published on Jul 6, 2018
The Trump administration fired the first shots in a looming trade war with China. After midnight Eastern Time, the U.S. raised tariffs on $34 billion worth of Chinese goods. The president says that number will increase to $50 billion in two weeks. China's foreign ministry responded, saying retaliatory tariffs on U.S. goods are now in place, without giving details. "Face the Nation" moderator Margaret Brennan joins "CBS This Morning" from Washington to discuss the impact. Brennan also discusses Secretary of State Mike Pompeo's visit to North Korea in denuclearization efforts.