Episode notes
President Donald Trump’s trade war against America’s three biggest trading partners drew immediate retaliation from Mexico, Canada and China. The president’s latest tariffs also sent financial markets into a tailspin Tuesday as the U.S. faced the threat of rekindled inflation and paralyzing uncertainty for business. Just after midnight, Trump imposed 25% taxes on Mexican and Canadian imports, though he limited the levy to 10% on Canadian energy. Trump also doubled the tariff he slapped last month on Chinese products to 20%. Beijing retaliated with tariffs of up to 15% on a wide array of U.S. farm exports. Robert Handfield, Professor of Supply Chain Management at N.C. State University, joined Jeff Hamlin to discuss the impact of the tariffs.