Detailed text transcripts for TV channel - FOXNEWS - 20190805:11:19:00
Until overnight what the chinese were going to do in response to this latest tariff threat. now we know. they have dropped -- it's called the aon. they dropped significantly to almost historic lows. pete: how do we counter act this? ainsley: what does that mean? dumb it down for us? you talk about currency rates confusing. >> got a product from china arrives at the port of long beach and it costs $100. ainsley: okay. >> they just dropped the value of their currency. down 10%. that means the value of that product in long beach is now $90. we impose, say, just say a 10% tariff. that takes it bac...
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