President Trump ordered tariffs on China to address complaints that the country forces U.S. businesses to give up industry secrets. Scott Simon talks with Washington Post correspondent David J. Lynch.
The Dow lost a total of more than 1,100 points in the past two days amid rising trade tensions between the U.S. and China. Japan's Nikkei dived 4.5 percent, and indexes also fell in Europe.
Historically, both sides usually lose in trade wars. But, one side often loses more than the other. While China could be hurt by the Trump administration tariffs, U.S. consumers, companies and our allies could end up being damaged more.
The president signed a spending bill Friday that, among other things, safeguards workers' tips. It blocks an earlier Trump administration move that may have allowed restaurant owners to pocket them.
President Trump says John Bolton, noted for his hawkish views, will be his new national security adviser. Also, Trump announced new tariffs on Chinese imports and we preview a march for gun control.
Trump ordered stiff new tariffs on a wide range of Chinese imports in response to what the White House calls China's unfair treatment of U.S. technology.