Additional Tariffs of $300 Billion on China 'Would Be a Disaster,' Portfolio Manager Says

The stock market rallied after the U.S. Trade Representative Office announced certain items would be removed from the new China tariff list and tariffs on other items would be delayed until later in the year. R "Ray" Wang, Principal Analyst & Founder at Constellation Research, joined Cheddar to discuss.

China has devalued its own currency in an attempt to counteract President Trump's incoming tariffs on $300 billion worth of Chinese goods. By weakening the Yuan, China makes its products more affordable for U.S. buyers. Jeff Tomasulo, CEO of Vespula Capital, explains how China's actions could lead to a recession.

China has reportedly halted imports of U.S. agricultural products in response to President Trump's proposed tariffs on $300 billion in Chinese goods, a huge blow for the president's base of blue-collar workers. Ted Bauman, senior research analyst and economist at Banyan Hill Publishing, explains why he thinks China is waiting until the next U.S. presidential election to end the trade war.