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.

If China is angry at the United States for imposing an extra 10% tariff on all Chinese goods, it is doing a good job of hiding it.Both Canada and Mexico have vowed to retaliate and already Canadian Prime Minister Justin Trudeau has said his country "will not back down" as he announced a 25% levy on more than $100bn (£81bn) of American goods.