On Monday, CNN host Brooke Baldwin fact checked President Donald Trump's claim that the strong GDP growth in the United States was the result of tariffs on China.
"The president is continuously wrong on the point that he keeps making that the strong GDP is a direct result of the tariffs on China," she said.
"Let me cite a chief economist Mark Zandi in his own words. 'No, the tariffs had nothing to do with Q 1 GDP. It was largely an impact in the surge of inventory as businesses stockpiled for fear of a trade war,'' she said. "Looking at the markets, really down still today as a result of China’s retaliation."
The Dow dropped by nearly 700 points after China said it will raise tariffs.
"This is a clear escalation of trade tensions in our view, and against our baseline that cool heads would prevail and the worst would be avoided," Bank of America strategist Athanasios Vamvakidis said, according to CNN.
Watch below:
