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Went into effect today and china immediately hits back. >> president trump talked about trade at length yesterday in montana seeming to try and convince supporters to just stick with him on this. china's retaliatory tar ifs target things like poultry, soybeans, pork. critics on both sides of the aisle warn a trade war could hurt american consumers and the global economy. president trump talked to his supporters about that in montana. take a listen. >> president trump: they say we are going to do something about it and i'll get calls from some politicians, it's terrible. i said you don't unders...

President xi but they've been killing us. $507 billion in trade deficits last year. 507. who the hell can lose 507 -- then you want to do something about it and you get attacked. that's not nice. the war was lost on trade many years ago. >> the last time that the united states got embroiled in a big trade dispute was in the bush 43 administration. the bush white house eventually backed off, trace, because that tariff war was showing signs of harming the u.s. economy. but president trump says look, there might be short term pain here but he's playing the long game here and firmly believes that ...

Latest updates on this topic from reliable sources.

Latest updates on this topic from reliable sources.

Latest updates on this topic from reliable sources.