Trump hits China with new tariffs

President Trump signed a memorandum Thursday directing the U.S. Trade Representative to impose an estimated $50 billion in tariffs on China, which will go into effect in at least 45 days. Mr. Trump said he has asked Chinese officials to immediately reduce the U.S. trade deficit with China by $100 billion.


(Source: CBS News, https://www.youtube.com/watch?v=iEPoJmUphXg)