FIRST AIRED: March 24, 2018

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Transcript

00:00:00
>> Wall Street fell for a second straight day, closing out the worst week for stocks in two years as fears of a US trade war with China intensified on Friday after Beijing threatened to retaliate. President Trump followed through on his plan to tariffs, Reuters Markets correspondent April Joiner explains.
00:00:18
>> President Donald Trump signed tariffs on Thursday that basically targets $60 billion of goods from China. And investors are worried about the potential for a trade war, obviously a lot of companies that are publicly traded sell into China especially tech companies, and industrial companies such as Boeing. And so with the possibility of tariffs, a lot of those companies could get hit.
00:00:44
>> China urged the US on Friday to, quote, pull back from the brink. The White House said the plan to tariffs were a response to China's, quote, economic aggression. But Trump reiterated on Friday that he views China as quote, a friend, and that the two sides are in negotiations.
00:01:02
>> We're very friendly with China, we have great relationships with China, and look, it's time.