Earlier this week, in a tit-for-tat move, Beijing said it would implement a 15 per cent tariff on coal and liquefied natural gas products along with a 10 per cent tariff on crude oil

Beijing responded with retaliatory measures after President Trump’s announced a 10% tariff on all Chinese goods. CNBC correspondent Megan Casella reports on what this means for consumers.

U.S. President Donald Trump and Chinese leader Xi Jinping will not speak on Tuesday, a U.S. official told the Wall Street Journal, contrary to what trade adviser Peter Navarro said earlier in the day.