The Trump administration imposed a 20% tariff on imported goods from China this week, alongside 25% tariffs levied against Canada and Mexico. Yale University’s Paul Tsai China Center senior fellow Stephen Roach compares President Trump’s negotiating power with China from his first term with now.
"China’s holding a lot of… [the] trump cards that it can hold out to the United States. We have a two-way relationship, which means that… China depends on our markets, but we also depend on them," Roach tells Market Domination’s Julie Hyman.
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