After many months of threats, the US has imposed 10% tariffs on all Chinese goods coming into the country. Helen Qiao, chief economist for Greater China at Bank of America, joins John Lee and Katia Dmitrieva to gauge the impact in the world's second largest economy and what could lay ahead.

Shanghai residents expressed concern over worsening U.S.-China relations after an additional 10% tariff on Chinese goods imposed by President Trump came into effect. China responded minutes later with export restrictions on metals and tariffs on U.