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The president slapped tariffs on $200 billion worth of chinese goods entity at the press conference, said that it's not time to talk to china. listen. >> we have $250 billion at 25% interest with china right now and we could go $267 billion more land china wants to talk very badly. i said, frankly, it's too early to talk. can't talk now because they are not ready, because they've been ripping us for so many years, it doesn't happen that quickly. if politically people for say too quickly, you are not going to make the right deal for the workers, and for the country. >> john: you wanted to start...

Everybody. it's a much different for everybody. it's a brand-new deal. it's not nafta redone. it's a brand-new deal. i just spoke to him, question ha -- we have a great relationship. don't forget, the rest of the world is trying to take advantage of us as a region. and we're going to work very closely with an da and mexico. we have energy that nobody else has. we have timber that nobody else has. we have things that no other part of the world has to the extent we have. so we're going to do very well together. i think we have -- there was a lot of tension, i will say between he and i, i think m...

Them. that's how powerful they are. and how good they are. but in many cases we're not going to have to use them. and in many cases countries that are charging massive tariffs are eliminating those tariffs. as you know we have $250 billion at 25% interest with china right now. and we could go $267 billion more. and china wants to talk very badly. and i said frankly, it's too early to talk. can't talk now because they're not ready. they've been ripping us for so many years, it doesn't happen that quickly. and if politically people force it too quickly, you're not going to make the right deal fo...

For some of these markets, so in light of what we have seen and the escalation that we have seen, u.s. investors are still pretty sanguine here, i would say. as you pointed out, u.s. hitting china with the tax, the formalization of the announcements that we got last week. the big question, guys, here, is whether or not the president, the u.s. administration, looks at this and says as promised, we're now going to hit china with a further $267 billion, and then it's not half of all china's imports here into the united states. it's the whole lot. and that means all products effectively get more e...

Certainly in jeopardy at this point. >> continuing to ramp up. matt rivers live for us in beijing. thank you. >> commerce secretary yesterday saying that china's running out of bullets and so the u.s. has the advantage here. corporate america says the administration is right about china's bad trade practices, but that tariffs are the wrong way to achieve real reforms. that's from the powerful business lobby, the business roundtable. it warns that this latest escalation threatens u.s. businesses and workers. so far the u.s. plans to hit $250 billion in chinese goods. the president is threaten...