Just after midnight Friday, the threat of a trade war between the U.S. and China moved from rhetoric to reality. The Trump administration imposed tariffs on $34 billion worth of Chinese goods. China immediately retaliated with duties on the same value of American products. Derek Thompson, a senior editor at the Atlantic, joins “CBS This Morning: Saturday” to discuss why China, specifically, is the wrong country to get into a trade war with and the potential outcomes if it continues to escalate.
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Why a trade war with China is dangerous for the U.S.