Detailed text transcripts for TV channel - MSNBC - 20180518:09:58:00
Escalate to a full-blown trade war? what would that look like if it got to that point? >> we would slap those tariffs and keep those tariffs on china. they would retaliate with tariffs of their own. it becomes sort of a stare-down contest. and we do more retaliatory tariffs. that's how a trade war unfolds. and that would be the fear. the reason right now the markets are assuming that won't happen is because the president very much needs china's help to resolve north korea. the china, he does see this as his great man moment. he think can he find a way to bring some denuclearization to the kore...