American businesses caught in the China-US trade crossfire

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Port of Long Beach, May 2007. Credit: Scott Lederer/CC BY-SA 2.0.

President Trump on Friday falsely asserted that China will pay the tariffs he slapped on Chinese goods coming into America. China retaliated today, announcing $60 billion worth of tariffs on U.S. goods. We talk with a farmer who’s having trouble selling his soybeans to China, and a bike importer who must now pay more to run his business.