China warned it will fight back. And lower jobs in march led to another big market sellout. The dow sank 760 points. The john starts us off. Tariffs against chinese and u. S. Goods are months away from being implemented. Wall street is driven by speculation about what might happen. No one knows what will happen. The stakes are growing higher. President trump is thinking about tariffs on another 100 billion dollars on chinese goods took the world by surprise including his new Economic Advisor. When did he first tell you this . Last evening. The threat was in response to china targeting u. S. Goods for extra tariffs. President trump insists this wont tip into the trade war. We already lost the trade war. We dont have a trade war. We lost the trade war. Whether office clinton or bush or obama, all of our president s, it just got worse and worse the white house is downplaying a looming trade war. But the stock market nose dived when a man said a trade war is a possibility. A spokesman for
100 billion in tariffs. It really should come as no surprise, he promised at this action for decades. He was clear on it all through the campaign trail and appears willing to call chinas bluff and to let the u. S. Market shatter in the process. Thats exactly what happened. The dow is down 570 points and thats one of the better numbers. Chief National Correspondent ed henry joins with the latest. Hang onto your seat. Absolutely. Theres no surprise when you think about the fact that President Trump promised over and over in the campaign to get tough on china. That was complicated by keeping that promise, there should be some economic issues, but also some political ones and those midterms. The president and a radio interview today and what he said talk of a trade war, but in many ways weve already fought and lost the trade war. Chinas cheating has been ignored by republicans and democratic president s. He said its killed thousands of american factories, millions of american jobs and were
Matt. He could stand to have a few more persuasive allies. People like john ratcliffe. People who can actually make the case but threatening a witness and i will leave the accurately to others threatening a witness like that in a tweet you are not helping the person you are trying to help. You actually look guilty as hell when you do things like that. Im glad he took it down but he never should have put it up. Martha strong words from trey gowdy and congressman gaetz. First correspondent mike emanuel with the back story tonight. Mike . Martha, geengetion, first controversial tweet and then congressman matt gaetz continued his attack on the house floor. I guess tomorrow we will find out if there is anyone that Michael Cohen doesnt lie to. Does he lie to his own family . Does he lie to his financiers who are members of his family . The congressman did not stop there. The attack continued in an interview with fox. We have got to find out who Michael Cohen lies to and if there is anyone Mi