Everett Eissenstat: Retaliation risk with tariffs

AlArabiya English

The former deputy director of the National Economic Council under President Donald Trump, Everett Eisenstat, says that there might be a risk of retaliation against the US if tariffs are imposed.   #Trump #US

Transcript

00:00Just before we crossed to you we heard a Chinese government spokesperson saying

00:04there are no winners in a trade war and I just want to sort of unpack that a

00:08little bit more because there is a risk isn't there of tariffs actually

00:13boomeranging and damaging the United States economy isn't it?

00:17Well there's certainly a danger of retaliation. I know a number of

00:21countries are you know considering retaliation. One of the trademarks of the

00:26president and certainly this was true during his first term is that if their

00:31country is willing to engage in a reciprocal trading relationship and a

00:35fair trading relationship he is willing to talk to those governments and work

00:39through these problems. He's even you know indicated that he's open to

00:44discussing the trading relationship with China. Now there is a frustration that

00:49you know he believes the Chinese government may not have lived up to

00:52their phase one commitments under the first negotiation. So I think that would

00:56be the place to start. But if there's a willingness to truly engage in a fair

01:01and balanced trading relationship I think the president will certainly do

01:05that.

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