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Down, you can't lose, which to me sounds contradictly from what we've heard from the president's other people. >> look at the last line of his earlier tweet. >> that's not one. >> this is important as well. we're not in a trade war with chiena. that's a bit of peasantry as to whether you are in a trade war yet. but we cannot let this continue. that's the important bit. that's t bithat says i will take action. what he did, of course, what the u.s. did yesterday announcing its planned tariffs on ip theft, china predictably responded. when you and i were talking yesterday, we said, look, with thi...

Vulnerable. just mentioning soy beans and other products that make us vulnerable to chinese retaliation. and we are starting to see that. >> no question. this is the other is sh. you want to know what a trade war looks like? on a precipice of one. is this an escalation to get to a resolution, or are we going here? in which case, watch out for the market. >> one more beat on that. he wants for his golden touch in the financial markets. but there is no question that impulsiveness, as well as some of his decisions, have had is a very is real impact getting on the gains and potential correction te...

Direct to you guys. mid western states. these pork tariffs, this is your livelihood. are you worried? >> certainly. i think today another shoe dropped as they announced tariffs on soy beans. i'm talking to you from illinois, number one soy producing state. farmers out here are very concerned. >> american pork producers, obviously you really depend on china for the exports. i was reading in the omaha world herald more than $660 million in pork. if china turns to other countries, brian, for its pork, what do you do? >> overall it's a bad situation. china is a very interesting market in that they...

Given parties involved i have my doubts and escalation is more likely than a solution. i would like to say these tariffs will hit the supply chain in the u.s. it's going to disrupt a lot of manufacturing activity and the counter moves by the chinese were very strategic, even whiskey being hit, they took a lead from the europeans, hit whiskey, really going at the heart of what they felt quaz a political game and being strategic on that. this is not where we want to be at all right now. >> when you look how strategic china has been, stephen, these key states, soy beans and you hear diane talking...

Hand and yet on another hand. james trusty. follow him at trusty lawyer on twitter. the dow tumbling 500 points at the opening. just how important are soy beans to rural america and why is china targeting them? plus today's white house briefing set to begin at the bottom of the hour. we'll take you there as soon as it gets under way.