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>> The State of Florida and your representatives.>> Donald trump may be about to take a direct shot at Chinese trade. According to two sources the US President wants to slap about $60 billion worth of tax on Chinese imports. It's mostly targeting technology and telecoms, but a third source said the risk could be much broader and rent to 100 products.
As China Bureau Chief Tony Munroe reports, it's a move to punish China for policies that Trump has considered unfair.>> For many years, industry groups have complained about doing businesses in China. Whether it is barriers to the market or being required to hand over technology, or intellectual property.
>> But some are sending up red flags over a wider impact on everyday Americans. One retail lobbyist told Reuters they're concerned tariffs could include items that call for intensive labor in China. That would include pricer back to school basics like t-shirts, jeans, and shoes. And the biggest worry China might push back.
>> What we have at this point is the rumblings of a potential trade war, but we are not there yet.>> While last weeks proposed tariffs on metals are seen as trivial for Chinese trade, experts say moves to target the country directly risk a harsh response from Beijing.
Now the question moving forward is if China retaliates, will Washington retaliate back.