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May 13, 2019

China has retaliated against Trump's tariffs and his supporters are among those most affected. John Iadarola and Brooke Thomas break it down on The Damage Report. Follow The Damage Report on Facebook: https://www.facebook.com/TheDamageReportTYT/
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Read more here: https://www.businessinsider.com/china-trade-war-demands-only-one-legit-2019-5
"The word from China's state media is that the country is making three demands of the US in order to end the trade war.
China demands the US remove all tariffs on Chinese goods.
China demands that the amount of goods it must purchase from the US be realistic.
China demands that its "sovereignty and dignity" be preserved.
Multiple outlets carried this message, including The People's Daily, Xinhua, and The Global Times. Both the first point, the removal of all tariffs, and the third point, the preservation of Chinese sovereignty, are inextricably tied as part of the country's negotiations with the Trump administration.
US negotiators are demanding that China pass laws that would give foreign companies legal recourse in China if they had their intellectual property stolen, or if they were forced to transfer technology, for example. To China, passing such laws at the behest of a foreign power is a violation of its sovereignty. To the Trump administration, it's part of the trade deal's enforcement, and it won't remove the tariffs until it sees those mechanisms in place.
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  • 6 minutes
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