Changed the video out for Kramer. He's hilarious. The China-side tariffs kick in on June 1 & are ranged from 5 - 25% (mostly 25%) on ~4,000 products, around $60 billion worth, likely aimed at Trump's base, things like cotton, machinery, grains and aircraft parts.
On Friday Trump raised tariffs on $200 billion of Chinese goods (via Twitter) from 10% to 25%.
China imports ~$130 billion from US while US imports ~$550 billion from China. The gap has widened since Trump began trade negotiations.
China will pay Trump's tarrifs just like Mexico will pay for the wall. Kappa