Some experts in China are saying China has many cards to play to counter-strike these US tariffs on Chinese imports. Take a listen.

XU HONGCAI, DEPUTY CHIEF ECONOMIST CHINA CENTER FOR INT'L ECONOMIC EXCHANGES "China has many cards to play. The first is soybean imports from the US, which will have a great impact on farmers in the country. American farm produce is heavily subsidized by the government, which is against the idea of 'free trade' claimed by Donald Trump. China could also reduce imports of cars and Boeing planes from the US. Apparently, a trade war will be detrimental to both countries. China's stock market took a tumble this morning, so did the US's. This would make investor confidence take a dive."