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On another $16 billion in chinese goods, bringing the total value to $50 billion. the trump administration released its list of 279 products yesterday, targeting things like chemicals, motorcycles, and antennas. the 25% tariff will take effect august 23rd. chinese state media slammed the move overnight, warning that wantingly raising tariffs will only hurt the u.s. beijing already said it would strike back in equal measure, just like last month when the u.s. imposted tariffs on chinese goods worth $34 billion. wall street shrugged off the first round, but u.s. business warned they will raise p...

Personal expenses, without manafort's knowledge. they got him to admit it's possible he submitted personal expenses fraudulently to the trump inaugural committee. at other points of the cross exam, defense lawyers rattled off account balances, transfers, and gates was not able to say which were authorized and which were embezzled. at one point, the judge, t.s. ellis, said in front of the whole court that gates was offering inconsistent testimony. what we are hearing that from him on the stand is a lot of ums and uhs and i do not recall, which was not the case when he was questioned by the muel...

And he says what china is not understanding is that president trump is not backing down. of course, he just imposed 25% tariff on $34 billion worth of goods in china. is he threatening another 200 billion. do you believe that's the right course of action. >> i applaud him for doubling down on that. this is a dangerous situation. china does not want trump doing what it's doing. he knows it's going to hurt their economy as much as it's going to hurt ours for the short-term. trump scares china in my honest opinion. he is not going to give into them. he is going to put america interests first. tha...

The history of the world. we got ripped off. >> reporter: the new chinese tariffs would cover over 5,000 american products. new taxes on honey, coffee, wine, american beef, salmon, vegetables and much more. many of the targeted products come from areas that voted overwhelmingly for donald trump in the 2016 election. the president's top economic adviser offered an ominous warning today to china. >> the message here is do not underestimate president trump's determination to follow through on the china trade reform campaign. they better take president trump seriously. >> reporter: today's escalat...

Or breeds pork is having a problem already willing to give the president piece. if they can solve the problem with chinese mistreating us great they will run out of patience and may run out of patience before the election. particularly if this spirals up. we have $88 billion. $90 billion worth of positive benefit from the tax cuts this year. the president is talking about sanctioning, already sanctioned $34 billion worth of trade with 25% tariffs. now they are talking about $200 billion of trade with a 25 -- up to 25% tariff. that's $50 billion. between that and what they have already sanction...