President Trump has mischaracterized Chinese tariff rates, says Peterson Institute’s Mary Lovely
Mary Lovely, Peterson Institute for International Economics senior fellow, joins ‘Squawk Box’ to discuss the latest developments on President Trump’s escalating trade war, China’s retaliatory tariffs, state of U.S.-China trade relations, impact of Trump tariffs on the Chinese economy, what the Trump administration’s endgame is with tariffs, and more. For access to live and exclusive video from CNBC subscribe to CNBC PRO: https://cnb.cx/42d859g
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28 Comments
These morons still think the US has the upper hand. Wake up! The US doesn’t. For once China should dump all USD and treasuries and encourage others to do the same. The US needs to refinance 6 trillion USD within 6 months. China doesn’t.
How much did the stock price plummet because of Trump? He should sell off his personal assets to make up for it.
China been preparing this for years, from economy to military. Don’t see any chance they will back down. And I don’t want them to back down either, otherwise it will set example for EU and other smaller countries.
The fact of matter is Trump wants the world to purchase a lot of long long US treasury bonds particularly China, Europe and Japan. All the fuss about tariffs is all facade😂😂😂
economists are the only ones you really want to listen to.. it's really important to note when the guest is introduced , whether it is an economist, or someone connected with business or the media or politics.. , politicians and business people are inherently biased, are oblivious when they start to express opinion instead of observation or fact. (delusional) . economists usually know when they are expressing opinion and when they are expressing observation or fact.. it is part of their training and profession.. and then there are entertainers and clowns….
This administration doesn't care about tariff rates. From other countries. Trump cares about the trade deficit.
You cannot trust the Chinese to be business partners in China as they require US companies to turn over their intellectual property. The Chinese then STEEL the technology or reverse engineer what they they can! DO NOT TRUST CHINA ON ANYTHING! P E R I O D!
He's a senile old man
Food and Fuel are not down…. the consumer doesn't see the price change immediately. It's not the stock market…… what a moron
Thinking positive, Americans will be slimmer, use less toilet paper, create less air pollution….
😭😭😭 Expert ❓🤡🤡🤡
More CNBC Fake News and Lies
How they all got together to bring us down at our lowest point. It could never go back to how it was
What hurts about all this mess its the people we called friends/allies 😢
No shame at all
Most Americans are so busy working that they haven't really paid attention how so many turns on us working against us😢😢
Americans hire Trump to clean this big mess why are they still there if there gonna be giving trump a hard time. People don't want them there either
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I don’t think there will be a deal, in all likelihood, China and the US will stop trading with each other. Let’s just take that, and move forward. This is getting ridiculous now.
I just hope this won’t evolve into a hot war!!!
China wants us to panic buy. STOP ! Dont buy that phone or laptop or car unless you absolutely have to have it now. If we let imported inventory sit on the retail floor the prices will drop. The world depends on us buying. This is a war we can win.
Mary is a Lovely CCP employee
China may increase tariffs on some services industries of the United States. By the way, the U.S. service industry has an absolute surplus in the world.
I sincerely doubt that there will be an easy way to scale back tariffs on China unless the U.S. economy faces a significant disruption, such as a recession or severe market downturn. Tariffs have become deeply entrenched in the U.S.-China trade relationship, serving as a tool to protect domestic industries and pressure China into addressing issues like intellectual property theft and trade imbalances. The U.S. has imposed tariffs on billions of dollars’ worth of Chinese goods, and China has retaliated in kind, creating a standoff that neither side seems eager to abandon without a compelling reason. A major economic crisis within the U.S. could force a policy shift, prompting leaders to reconsider these tariffs to alleviate domestic pressure. However, absent such a breaking point, the status quo is likely to persist due to political and strategic considerations.
Trump’s strategy, aligns closely with his approach to trade. Trump’s goal appears to be to use tariffs as leverage to force countries—particularly economic rivals like China—to capitulate by dropping their own trade barriers or making significant concessions. Only after securing these wins does he seem willing to negotiate, aiming to strike deals that favor U.S. interests. This tactic reflects his "America First" philosophy, where tariffs double as a shield for American industries and a weapon to reshape global trade dynamics. For example, he’s used this playbook with mixed success in renegotiating deals like the USMCA with Mexico and Canada. With China, the strategy is to inflict enough economic pain that they yield on key issues, allowing Trump to bargain from a position of strength. While this approach has extracted some concessions, it also risks prolonged tension and economic fallout if China refuses to budge, reinforcing the unlikelihood of an offramp without a major internal push, like an economic breakdown in the U.S.
China will most likely counter-tariffs with tariffs and stimulus, which is doomed to fail…
Straight truth…this was a huge mistake. Made a fool of himself and his supporters. Retirees devastated.
😂😂 Trump is delusional.
So underinformed. This is about China circumventing tariffs by putting their products through many other countries around the world. Come on you guys get behind America stop the small minded thinking.
I noticed that there is no other opinion put forth,why is that nbc?