U.S.-China trade war could last for a "significant period" of time
It was a dramatic week on Wall Street. Stocks fell precipitously, rallied yesterday after President Trump announced a 90-day pause on many of his newly levied tariffs, then fell again today.
Tariffs against China remain high, with President Trump proclaiming that he had raised them by 145% since taking office, while China has placed tariffs of 84% on U.S. goods, raising fears of an all out economic showdown between the two superpowers.
For more on this, KCBS Radio anchor Steve Scott spoke with Michael Yoshikami, CEO and Founder of Destination Wealth Management in Walnut Creek.
Tariffs against China remain high, with President Trump proclaiming that he had raised them by 145% since taking office, while China has placed tariffs of 84% on U.S. goods, raising fears of an all out economic showdown between the two superpowers.
For more on this, KCBS Radio anchor Steve Scott spoke with Michael Yoshikami, CEO and Founder of Destination Wealth Management in Walnut Creek.
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