China retaliates after Trump's tariffs announcement

The new tariffs announced by President Trump prompted major sell-offs in U.S. and Asian markets. CBS News New York's Jarred Hill reports.

[hastingz]

Thank you, China, for showing the globe that there are alternatives, that 340 million people do not represent the entire planet.

[sirguy]

So- China is raising its already current tariffs on US goods?

[Mahou]

Trump said they won’t retaliate, right?? 😅 China is proving him wrong now! 😅

[Obeshalkin]

Trump has imposed new tariffs on a number of countries:
54% for Wakanda,
42% for the Land of OZ
40% for Narnia
38% for Westeros
35% for Middle-earth
21% for Cybertron
11% for Equestria. 😂😂😂🙈
5.% for Atlantida.

[timallison]

trump should be put in prison for what he's done to the stock market

[KitttinatgiattanonPHDs]

Thanks china Thailand will tariff us good and tech 37% too

[Term-limits]

AMERICA WILL BE HIS 7TH BANKRUPT BUSINESS 😂😂😂😂

[gerry.shafer]

After all his bankruptcys why not
bankrupt the whole
world !!!!

[hughdoyle]

The actual difference in tariffs with major trading partners is approx 2%. What kind of a country allows its economy to be destroyed on the basis of an egregious lie. Incredible.

[exqueue]

"Temporarily painful economic reset" you mean the market crash?

[jamesneuzil]

Wake the hell up people.
Russia and Belarus aren't on the list.

[Kwamzter]

Millionaires and Billionaires like Trump dont care. Regular people will shoulder this burden.

[Lievan]

It’s sad seeing the trumpers in the comments not seeing what this is leading to…then again, Trump did say he loves the poorly educated.

[shrekk]

current china strategy
- do nothing
- win

[timothywillis]

Prices on everything will go up, period. 💵

[Quickprep]

Whenever government fails they resort to patriotism and fool ordinary people!! 😂😂

[RonSpradlinLexingtonKY]

Big business/billionaires will thrive in all this stock market drama, they always do … but small business & workers will suffer.

[stevenj]

Art of the deal? Better-How to ruin a country in under 80 days!

[MoonWoo-wfwe]

This is not temporary... We will suffer a lot with poor economy. Worried.

[Arkansas_MadeMan]

Speaking of the stock market. How many politicians knew about this ahead of time since they can legally inside trade.