RLK: There's a lot of talk there

RLK: There's a lot of talk there might have been more countermeasures like selling treasury bonds or disrupting American companies. That hasn't occurred yet. China is sending signals that it's ratcheting down the escalation, not trying to escalate it. China has to respond. The government of China, the Communist Party of China, the leading Party, the ruling party here, has two big facets that justifies its legitimacy. CHINA-US TRADE WAR Higher import taxes on almost 6,000 items GIES NEWS 03:13 AASSEN FORCED OUT BUSINESS APPLE PAYS DISPUTED i RLK: One is the economic growth. This is the 40th anniversary of reform and opening up — China's economic miracle. Increasing GDP per capita is almost 50 times, making the standards of living of the vast majority of people quite decent. Second area is national rejuvenation, national pride. And so the trade war affects both. You have economics, and the pride: the economics, the tariffs, are certainly suboptimal in all respects for all countries, but China must respond because it ASS Beijing CHINA-US TRADE WAR Trump says a further $267bn worth of tariffs possible 03:13 “SE 100 7300.23 CURRENCIES GIES News £:$ 1.3147 « HOUSE_OVERSIGHT_026889