China to US: I’ll see your tires and raise you chicken parts

President Obama set off a trade dispute on Friday when he announced that the U.S. would impose a 35 percent tariff on imported Chinese tires. China retaliated by launching an investigation into whether the U.S. is dumping cheap chicken and automotive parts into China’s marketplace. How is all this playing out in the U.S. business scene? We talk to Mike Cockrell, the chief financial officer of Sanderson Farms in Laurel, Mississippi; and Ross Kogel, the president of Tire Wholesalers International in Michigan.