set up. even the $50 billion tit-for-tat tariffs. the issue is where does this go next? it might sound dramatic, but the chances of an all-out trade war hurting both countries have never been higher. matt rivers, thank you. 50 minutes past the hour. time for a check on cnn money. global stocks down as the u.s. and china inch closer to the trade war matt was talking about. the white house slapped tariffs on $50 billion in chinese exports. china threatening high value american exports in response. that sent wall street down. boeing and caterpillar are affected. economists don t expect a big hit from tariffs. the first batch here. goldman sachs predicts it will shave .20 of a percentage point.
CNN Early Start With John Berman and Christine Romans September 5, 2014 08:58:15
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CNN Early Start With John Berman and Christine Romans September 5, 2014 09:55:45
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