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Particularly hard. goods like iphones and other consumer electronics will be taxed. it will affect sneakers and toys. these are categories that have been protected earlier. as he had said many times before, trump falsely claimed this. >> were taking in many billions of dollars. theres been absolutely no inflation and, frankly, it hasnt cost our consumer anything. it costs china. >> business groups and the u.s. chamber of commerce coming out against the new tariffs. they say they will only hurt c...

Consumer electronics will be taxed. it will affect speakers and toys. as he has many times before, trump falsely claimed this. >> were taking in many billions of dollars. theres been absolutely no inflation and frankly it hasnt cost our consumer anything. it costs china. >> business groups coming out against the new tariffs saying they will only hurt tariffs and ultimately undermine the economy. chinas foreign minister said they will take counter measure. investors were not happy at all about th...

Hasnt cost our consumer anything. it costs china. >> fact check, the money comes from consumers. the bill from customs and border protection goes to the american importers. business groups and the u.s. chamber of commerce coming out against the new tariffs, of course. they say it will only hurt consumers and undermine the economy. chinas foreign minister said china will take counter measures if the u.s. is bent on putting tariffs on any of these. it closed down 281 points. retail tech and indust...

Goods like iphones, consumer electronics will be taxed. it will affect sneakers and toys as he has many times before, trump falsely claimed this. >> were taking in many billions of dollars. theres been absolutely no inflation and, frankly, it hasnt cost our consumer anything. it costs china. >> just not true. business groups and the u.s. chamber of commerce coming out against tariffs saying they will only hur consumers and ultimately undermine the economy. chinas foreign minister said china will...

Of dollars. theres been absolutely no inflation, and frankly, it hasnt cost our consumer anything. it cost china. >> you study this closer than most. does his claim get any more true the longer he repeats it? >> i would say its kind of the opposite. the previous rounds of tariffs have been on what are called intermediate goods, things that businesses buy and use. expanding this round of tariffs on china, that is capturing more consumer goods, so things like furniture and consumer goods you might...

With the details. >> hi there. yeah. those are significant moves. 2% moves means markets are spooked here. igniting this trade war, people around the world unhappy about this news. you can see all the european markets have opened sharply lower following the declines. futures are leaning lower here this morning. yesterday the president said he would slap 10% tariffs on $300 billion worth of chinese goods. that taxes all chinese goods coming into the u.s. as he said many times before, he falsely c...

>> reporter: why the tariffs now? about to nosedive -- >> president trump: im not concerned. i expected that a little bit because people dont understand quite yet about what happened. we have taxed china on $300 billion worth of goods and products being sold into our country. china eats it because i have to pay up because what they do is they devalue their currency and they push money out. our people havent paid, as you know, we are also charging them 25% on $250 billion. we are taking in many b...

>> or india. >> or a lot of countries where people have the right to know. >> you might decide not to buy food that contains gmos. >> certain companies would lose a lot of money if you didnt buy their stuff. >> yeah, john. youre just about money. >> actually, this really isnt about money. its about the right to know. the right to know real information thats important. the usda and other science organizations have said gmos are absolutely the same in terms of nutritional content. there is -- >> w...