HOST: China imposes another $60 billion of tariffs on US imports a day after President Trump announces tariffs on $200 billion of Chinese goods. Well, let's get more on that story now. We're joined from Beijing by Robert Lawrence Kuhn who — — advises China's leaders and ' ; ’ multinational corporations. He's also the author of "How China's Leaders Think". How do they think about this? It's difficult to know where this might end.
RLK: Let's look at what just happened. China retaliated with $60 billion worth of U.S. goods that it was putting tariffs on, but half of it was five percent, half was 10 percent, which is less than the American side, which was 10 percent on all. And the $60 billion is proportional in the sense that it is about 40 percent of the total US exports to China. Just as the $200 billion was about 40 percent of the little bit
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that's the proportionality.
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