Defense & Aerospace Business Report

On this week’s Defense & Aerospace Report Washington Roundtable, Dr. Patrick Cronin of the Hudson Institute think tank, Michael Herson of American Defense International, former Pentagon Europe chief Jim Townsend now with the Center for a New American Security, and former Pentagon comptroller Dr. Dov Zakheim of the Center for Strategic and International Studies join Defense & Aerospace Report Editor Vago Muradian to discuss the crash in worldwide markets and the US bond market in the wake of President Trump’s tariffs; how an unprecedented US bond selloff and spike in US borrowing rates drove the president to freeze tariffs for 90 days, but raise tariffs on China and demand Beijing call him to make a deal; instead, China retaliated by imposing tariffs on American goods and blocking rare earth mineral exports, stressing they will win a trade war and any other kind of war with America; Republicans lawmakers are driving a $5 trillion tax cut package just as US borrowing rates are going up; Defense Secretary Pete H