i understand the stock market anxiety. i get that. on the other hand, don't overreact. >> that assurance may have worked. stocks rebounded. trade tensions escalated and investors are concerned. a trade war would be devastating for consumers and businesses with companies like apple, boeing, starbucks and intel relying on china for the portion of the sales. china tariffs are strategic striking at agriculture exports. those are produced in farm belt states which voted for president trump in 2016. president trump insists there is no trade war. what is the view from china? cnn's ivan watt is live from beijing. what is the word there as this tit-for-tat appears to continue? >> reporter: we are not hearing much from the chinese government because it is a holiday today.