Politics

China Retaliates Against US Tariffs, And The Dow Drops

Getty Images/ AFP Contributor/ Spencer Platt/Daily Caller

Caitlin McFall Video Journalist
Font Size:

The Dow closed last night down 617 points — a result of the new tariffs China has put on the United States. China increased their tariffs on $60 billion worth of U.S. imports.

This is a measure that was taken after President Trump announced Friday that the U.S. would be increasing tariffs on $200 billion worth of essentially all Chinese imports.

The United States, the world’s largest economy, relies on Chinese products for affordable goods on everything from technology to furniture. The rise in US tariffs will lead Americans to buy less Chinese-made products, meaning there will be serious economic consequences for China. (RELATED: Biden Attempts To Walk Back China’s ‘Not Competition’ Remarks)

This is expected to hurt the Chinese economy by leading to a rise in unemployment and GDP loss. Some economists are saying that the burden China’s economy will feel will force them to fold before the U.S. starts to see real negative economic consequences.

Tune in to find out more about what is happening with the U.S.-China Trade War.

Check out more of Caitlin McFall’s reports and the new series, The Daily Caller Explains.

YouTube’s Sinister Pedophile Community Continues To Flourish

Fact Check: Did Every Senate Democrat Who Voted Against The Born Alive Bill Receive Donations From Planned Parenthood?

Is Cannabis The Cash Crop Of The Future?

Fact Check: Ilhan Omar Says It’s A ‘Myth’ That Transgender Women Have A ‘Competitive Advantage’ In Powerlifting

Cutting Through The Politics That Have Swallowed The Climate Change Debate

The Reality Of Sex Trafficking At The US-Mexico Border