Well take you live to the president as soon as those remarks are coming up. Deirdre dorian could strike florida as a category 4 hurricane. This is the development over this weekend. Well bring you latest on preparations, why timing wise the hurricane is expected to hit. Connell busy hour. Fox Business Team coverage of all the top stories. Edward lawrence at white house, gerri willis on floor of the new york stock exchange, phil flynn at chicago and edward we start with you. Reporter chinese say they will not continue titfortat. A Chinese Commerce Ministry Spokesperson saying current level of retaliation is sufficient. That was, what he said when asked if the, about the president s increasing tariffs on september 1st and october first. President will up tariffs on 300 billion of chinese imports on september first, starting from 10 to 15 . Now part of that tariff goes into effect on sunday. The other part goes into effect on december 15th. This is designed to increase pressure on china.
Today as china blinks on trade. With the dow closing up 326 points, hi, everybody, im david asman. Welcome to bulls bears. Joining me tonight, jonathan hoenig, kristina partsinevelos, steve moore and jackie deangelis. Now, china signaling today that they would not immediately retaliate against the latest u. S. Tariff increases set to kick in on sunday. A spokesman for the Chinese Commerce ministry saying quote, china has ample means for retaliation but thinks the question that should be discussed right now is removing the new tariffs to prevent escalation of the trade war. President trump also weighing in on the negotiations earlier with fox news brian kilmeade. Listen. For 25 years, china has been ripping off the United States. You know that. I talked about it a long time ago. Its one of the reasons im probably here as president. Im in the white house. They have been ripping us off for billions and billions of dollars like babies. There is a talk scheduled for today at a different lev