to shatter hopes in design markets tumbling and languishing tonight so how did we get here last year imposed tariffs on high tech goods worth over fifty billion dollars in the u.s. chinese p.c. mobile phones and t.v. s were suddenly twenty five percent more expensive for consumers truck let the next deadline for more tariffs passed without acting but there were not be a second time he says the u.s. will increase tariffs from ten percent to twenty five percent on two hundred billion dollars or the chinese clothes toys and groceries for midnight tonight u.s. eastern time economists expect that china will retaliate by boosting import duties on u.s. goods i mean far from being resolved this conflict it looks set to escalate something that traders around the world do not like to hear or see let s bring in yes gordon now he s at the new york stock exchange yup i mean if i m judging things correctly