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Former ambassador: China is ‘going to hit back hard’ on trade

Gary Locke, former US ambassador to China and former commerce secretary in the Obama administration, said he is concerned the U.S. is more vulnerable than China if a trade war occurs. China does not have to buy products from the United States, whereas Americans purchase many products made chiefly by the Asian country. Also, MSNBC Anchor Richard Lui breaks down the potential economic spat with CNBC'S Ron Insana.

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