september 1st the total will be $550000000000.00 so far china has retaliated with duties on $110000000000.00 worth of american goods. president trump also criticized china for not honoring promises to buy more u.s. agricultural products china however insists millions of tons of american soybeans have been shipped to china in the last 2 weeks and many companies have made all kinds of american cotton and pocket the trade war between the world s 2 largest economies has strict on for more than a year and the house now talks and china earlier this week ended without any progress the white house said the negotiations would continue next month in washington but that was before the latest round of tariffs was announced. and let s talk now to our financial correspondent in new york jose luis de haro jose markets