Tensions are high with no deal on trade between u. S. And china. China has yet to respond to the latest u. S. Tariffs and it is making the markets jittery. Yeah. Asian markets opened down. You can see all the arrows in the red there. The seoul down 6. 1 . And u. S. Markets suggest a down day on wall street. Look at that, you can see the s p 500 futures lost more than 1 , the nasdaq futures down 1. 25 and the dow losing over 1 there. But President Donald Trump remains confident, tweeting the u. S. Is right where we want to be with china. Mr. Trump claimed the u. S. Would collect tens of billions of dollars from the tariffs. His top economic adviser admitted that is not the case. Its not china that pays tariffs, its the american importers, the American Companies that pay what in effect is a tax increase, and often times passes it on to u. S. Consumers. Fair enough. In fact, both sides will pay. Both sides will pay in these things. All right. Lets go live now to beijing. Cnns stephen jung
Officials while police say the boy is finally safe. Welcome to our viewers here in the United States and all around the world. Im george howell. And im rosemary church. From cnn headquarters in atlanta, cnn newsroom starts right now. U. S. President donald trump may feel confident about how the trade war with china is going, but investors are nervous. Thats right. Asian markets closed in negative territory over the latest hike in u. S. Tariffs and beijing is expected to retaliate. You see here the neikke, the shanghai kpoz et and seoul all showing negative in negative territory. U. S. Futures market also. A down day on wall street as well. You see the same playing out there. But President Trump tweeted the u. S. Is right where we want to be with china. He claimed the u. S. Would collect tens of billions of dollars from the tariffs, but his top economic adviser admitted that isnt how it works. Its not china that pays tariffs, its the american importers, the American Companies that pay w
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