president trump's mechanism for retaliating against china was the wrong mechanism. he should have gone through the global trading rules for retaliation and he didn't do that. that is designed to slow down the process, it takes a few years, and ensures another country won't retaliate against the retaliation. by going outside of the rules, which no leader has done in 70 years, he creptedated a situn where china had an open door to re-tal yalt against our retaliation and the thing happens quickly and we go into a downward spiral. >> if this is not a short-term situation, if this is not resolved in the next couple of days, if it remains the case for a while, a year from now let's say, what is the effect on life in america because of this? >> there are a llt lot of effec. it is hard to know where to start. prices on a lot of things will go up, manufacturing processes making their output less competitive, but president trump has undermined the global
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