China has upped the ante once again in the tariff trade war with US President Donald Trump. Chinese state media is reporting that tariffs on US imports will be increased to 125%. As tensions flare, Americans are already feeling the impacts of the president’s tariff agenda.
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00:00Cutting sheets into shapes, molded metal ready for delivery in a production line that's been
00:11running hot for 96 years.
00:13We're making cookie tins and popcorn cans.
00:16But Rick Heuther says the recent on and off tariff announcements have left his family
00:20business in limbo.
00:22What's going on now is freezing us and many other companies to make sure we don't make
00:27a decision today that was a good one and tomorrow find out it's a bad decision.
00:31The 72 year old has weathered tariffs before, after Donald Trump first slapped them on steel
00:37in 2018.
00:38We can live with the realities, we just need the realities not to change weekly, monthly
00:44or quarterly.
00:45President Trump has paused the higher tariffs he imposed on certain countries but is keeping
00:49a 10% base tax in place for almost all imported goods.
00:54The White House clarifying China though will have an enormous 145% tariff, even higher
01:01than the President originally said.
01:03From the factory line to the supermarket shelves tariffs are likely to raise prices.
01:08The situation keeps changing but any increase in cost of living could be hard for many people
01:13to absorb.
01:15Market volatility also hurting some Americans more than others.
01:19I've already lost more than $30,000 in my retirement account.
01:23It is what it is right now.
01:25I voted for Trump in the election and I'm going to hope that his plans work.
01:32Testing the limits of support for the President's tariff fixation.
01:35Kill me by asking people to get here today.
01:37Pleased up on Ken奇 sa, what the kimono weather came down?
01:42Merci.
01:42I do not know that you can get a 17 increase in the middle fund.
01:46Don't know this too.
01:47Though it is not fair.
01:48There you go.
01:50が紫色 about blue is the BEiska thatation and repeat it very well.
01:54They won't give up.
01:55It will be cool, I für you, I will add that up like 100%.
01:58Do we have trouble most?
01:58Do we have aized Russia plan that way?
02:00Yes, do we have trouble with precedent.
02:02Behind them, what our plans were HUMIN.