U.S. Businesses Caught In Crossfire Of Trade War | NBC Nightly News

U.S. Businesses Caught In Crossfire Of Trade War | NBC Nightly News


ANXIOUS ABOUT A SLOWING GLOBAL ECONOMY. SLOWING GLOBAL ECONOMY. NBC NEWS, THE WHITE ECONOMY. NBC NEWS, THE WHITE HOUSE. NBC NEWS, THE WHITE HOUSE.>>Reporter: THIS IS HOUSE.>>Reporter: THIS IS TOM COSTELLO, CAUGHT>>Reporter: THIS IS TOM COSTELLO, CAUGHT IN THE CROSS HAIRS OF TOM COSTELLO, CAUGHT IN THE CROSS HAIRS OF AMERICA’S FEUD WITH IN THE CROSS HAIRS OF AMERICA’S FEUD WITH CHINA. AMERICA’S FEUD WITH CHINA. PEERLESS PRECISION CHINA. PEERLESS PRECISION NEAR BOSTON, A DEFENSE PEERLESS PRECISION NEAR BOSTON, A DEFENSE AND AEROSPACE NEAR BOSTON, A DEFENSE AND AEROSPACE CONTRACTOR. AND AEROSPACE CONTRACTOR.>>IF I HAVE TO RAISE CONTRACTOR.>>IF I HAVE TO RAISE PRICES, THERE’S A>>IF I HAVE TO RAISE PRICES, THERE’S A REALLY GOOD CHANCE I’M PRICES, THERE’S A REALLY GOOD CHANCE I’M GOING TO LOSE THAT JOB REALLY GOOD CHANCE I’M GOING TO LOSE THAT JOB THE NEXT TIME AROUND GOING TO LOSE THAT JOB THE NEXT TIME AROUND AND POSSIBLY THE THE NEXT TIME AROUND AND POSSIBLY THE CUSTOMER. AND POSSIBLY THE CUSTOMER.>>Reporter: WALL CUSTOMER.>>Reporter: WALL STREET TODAY WENT INTO>>Reporter: WALL STREET TODAY WENT INTO A NOSE DIVE WITH APPLE STREET TODAY WENT INTO A NOSE DIVE WITH APPLE AND AUTO MAKERS HIT A NOSE DIVE WITH APPLE AND AUTO MAKERS HIT HARD WHEN CHINA SAID AND AUTO MAKERS HIT HARD WHEN CHINA SAID IT WILL RETALIATE WITH HARD WHEN CHINA SAID IT WILL RETALIATE WITH U.S. TARIFFS ON IT WILL RETALIATE WITH U.S. TARIFFS ON AMERICAN MADE U.S. TARIFFS ON AMERICAN MADE PRODUCTS, TARGETING AMERICAN MADE PRODUCTS, TARGETING CARS, FARM PRODUCTS, PRODUCTS, TARGETING CARS, FARM PRODUCTS, OIL, AND CLOTHINGS CARS, FARM PRODUCTS, OIL, AND CLOTHINGS MAKING THEM MORE OIL, AND CLOTHINGS MAKING THEM MORE EXPENSIVE IN CHINA. MAKING THEM MORE EXPENSIVE IN CHINA. MEANWHILE THE NATIONAL EXPENSIVE IN CHINA. MEANWHILE THE NATIONAL RETAIL FEDERATION IS MEANWHILE THE NATIONAL RETAIL FEDERATION IS REJECTING PRESIDENT RETAIL FEDERATION IS REJECTING PRESIDENT TRUMP’S DEMAND THAT REJECTING PRESIDENT TRUMP’S DEMAND THAT AMERICAN COMPANIES TRUMP’S DEMAND THAT AMERICAN COMPANIES LEAVE CHINA WRITING IT AMERICAN COMPANIES LEAVE CHINA WRITING IT IS UNREALISTIC FOR LEAVE CHINA WRITING IT IS UNREALISTIC FOR AMERICAN RETAILERS TO IS UNREALISTIC FOR AMERICAN RETAILERS TO MOVE OUT OF THE SECOND AMERICAN RETAILERS TO MOVE OUT OF THE SECOND LARGEST ECONOMY AS 75% MOVE OUT OF THE SECOND LARGEST ECONOMY AS 75% OF THE CONSUMERS LIVE LARGEST ECONOMY AS 75% OF THE CONSUMERS LIVE OUTSIDE OUR BORDERS. OF THE CONSUMERS LIVE OUTSIDE OUR BORDERS.>>THE TRADE WAR IS OUTSIDE OUR BORDERS.>>THE TRADE WAR IS NOT WORKING.>>THE TRADE WAR IS NOT WORKING. IT’S DOING SIGNIFICANT NOT WORKING. IT’S DOING SIGNIFICANT DAMAGE TO THE ECONOMY. IT’S DOING SIGNIFICANT DAMAGE TO THE ECONOMY.>>Reporter: TONIGHT DAMAGE TO THE ECONOMY.>>Reporter: TONIGHT U.S. BUSINESS IS>>Reporter: TONIGHT U.S. BUSINESS IS HOLDING ITS BREATH. U.S. BUSINESS IS HOLDING ITS BREATH.>>THERE’S NO ENDING HOLDING ITS BREATH.>>THERE’S NO ENDING TO THIS AS FAR AS I’M>>THERE’S NO ENDING TO THIS AS FAR AS I’M AWARE WHICH IS EVEN TO THIS AS FAR AS I’M AWARE WHICH IS EVEN WORSE. AWARE WHICH IS EVEN WORSE. EVERYONE’S ON THE EDGE WORSE. EVERYONE’S ON THE EDGE OF THEIR SEAT RIGHT EVERYONE’S ON THE EDGE OF THEIR SEAT RIGHT NOW WAITING TO SEE OF THEIR SEAT RIGHT NOW WAITING TO SEE WHAT’S GOING TO HAPPEN NOW WAITING TO SEE WHAT’S GOING TO HAPPEN NEXT. WHAT’S GOING TO HAPPEN NEXT.>>AND TOM JOINS ME NEXT.>>AND TOM JOINS ME NOW.>>AND TOM JOINS ME NOW. TOM, PUT THIS IN NOW. TOM, PUT THIS IN PERSPECTIVE. TOM, PUT THIS IN PERSPECTIVE. ARE THERE ANY PERSPECTIVE. ARE THERE ANY ESTIMATES ON HOW MUCH ARE THERE ANY ESTIMATES ON HOW MUCH THIS TRADE WAR MIGHT ESTIMATES ON HOW MUCH THIS TRADE WAR MIGHT COST AMERICAN THIS TRADE WAR MIGHT COST AMERICAN FAMILIES. COST AMERICAN FAMILIES.>>J.P. MORGAN SAYS IT FAMILIES.>>J.P. MORGAN SAYS IT COULD COST THE AVERAGE>>J.P. MORGAN SAYS IT COULD COST THE AVERAGE HOUSE HOLD A THOUSAND COULD COST THE AVERAGE HOUSE HOLD A THOUSAND DOLLARS A YEAR WITH

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28 thoughts on “U.S. Businesses Caught In Crossfire Of Trade War | NBC Nightly News”

  • O SNOOPY SNOOP COLEMAN says:

    TRUMP'S MAGA MAGA MAGA PLAN SURE IS WORKIN' OUT GREAT AIN'T IT, YEAH RIGHT!!πŸ†—πŸ‡ΊπŸ‡ΈβœŒπŸ˜‚πŸ˜‚πŸ˜‚

  • SNOOPY SNOOP COLEMAN #1 says:

    I WONDER HOW MANY OF THOSE PEOPLE ARE TRUMP SUPPORTERS WHO NOW DON'T EVEN HAVE A JOB OR ARE ABOUT TO LOSE THEIR JOB=MAGA MAGA MAGA!!πŸ†—πŸ‡ΊπŸ‡ΈβœŒπŸ˜‚πŸ˜‚πŸ˜‚πŸ˜‚πŸ˜‚

  • 5 years later everyone in the business is rich thanks to president Trump he’s the only person who is willing to fight against China!

  • Us American people aren't protesting like in Hong Kong…
    when do u remember that happening?
    TRUMP em BABY 2020.
    We have carried the garbage the Chinese exports to us for decades…. It's time to do what is right..

  • Sherry Anderson says:

    What is Trump's angle? He is driving our economy into the ground with this China Trade War. He drove his companies into the ground and then he had to get bailed out by Putin/Russia.

  • I have a fiberglass business, both mat and resin both got a 25% tariff. Was planning on hiring another guy on. I’ll be waiting. Please, someone STOP Trump….Jesus Christ almighty make him STOP.

  • Kebir Ben Kaccem says:

    trump has blundered big time when he attached china economically and imposing tariffs….that is Trump's Achilles heel …he wants china market to plunge , because he wants to hurt china … china can not be stopped, it will dominate globally..if china market suffer,so will wall street..

  • Cranjis McBasketball says:

    Trump wasn't kidding when he said that he would run the USA like one of his businesses. Kudlow said that Bush's economy was great and then BOOM! That's exactly what he said about Trump. I hope another recession doesn't come, but have a lot of doubts.

  • I think President Trump should do nothing and go on letting the Chinese government rob us blind, like all the chicken-sh*t Presidents before him. Hopefully Biden will get elected and we can go back being China's chump.

  • The Last Sane American says:

    Look, I'm definitely not a MAGA cap wearing Trump fan. But in this one regard he's actually managed to blunder into doing the right thing. China has since WWII innovated very little. They instead steal. And they steal a prolific amount at an astonishing rate. They have zero respect for copyright and intellectual property rights. They routinely flood international markets with junk goods. The government of China is one of the largest counterfeiters of US currency in the world. There are hundreds of "Apple Stores" in China selling "Iphones" that have absolutely nothing to do with the American Apple Corporation. In terms of trade, they have always been a nation of bandits, liars and thieves. And they need to be brought to heel by the G7 countries and the rest of the world. So here's a novel and honest idea. Instead of news media trying to incite panic in the American people over a righteous trade war long overdue for no other reason than they're vehemently opposed to the guy sitting in the Oval Office, how about encouraging Americans to band together as a nation of people and get behind this war. Because it is a war. It simply lacks guns. The Chinese government has put millions of Americans out of work over the decades. Factories have shut down and entire American cities and states driven into poverty. Now they construct artificial islands in the South China Sea while declaring 1,400,000 square miles of open ocean to be their exclusive domain as a way to control and choke off major international shipping lanes. Steal, steal, steal. Pull your partisan butts out of your head, America news media, and stop behaving as traitorous partisan hacks. Support you nation at war or considering applying for work at Russia Today.

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