China Strikes Back With $60 Billion in Tariffs on U.S. Goods

The video discusses the ongoing US-China trade conflict, focusing on the tariffs imposed by both countries. It explores the impact on trade, economy, and consumers, highlighting the complexity of supply chains and potential future strategies. The discussion includes the effects on various goods, market reactions, and possible non-tariff barriers. The video also touches on the political implications and the potential long-term standoff between the two nations.

What are some of the goods that were exempted from the tariffs?

What potential long-term impact on the Chinese economy is mentioned in the text?

What strategies might China employ in response to the US tariffs beyond imposing tariffs?