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Detailed text transcripts for TV channel - MSNBC - 20180705:13:40:00

Billion worth of tit-for-tat tariffs on china and you ve got, you know, farmers in the united states who have crops who are already ready to go and then can t sell into china. that has an economic impact. and then watch the markets. particularly tomorrow. when these things go into effect. see how china responds. if there s a big reaction in the market, it may be hard to walk that back. it s not really too late until we have lost nafta. if nafta collapses, then you ve really broken up supply chains in north america. that s economic impact that cannot be reverse. still possible to see market reaction. anger among manufacturers and farmers. and say okay, let me back off this wasn t such a great idea. or in his mind everybody capitulates to him. european union says we don t want to do this and they capitulate. i don t see that happening but it s not completely implausible. it s a terrific article. ben white, good to see you. thanks for coming in. coming up, we re 123 days from the midter ....

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