As the White House fires a 10% tariff salvo, China sees room to negotiate.

Robert Lighthizer, who was the U.S. trade representative in President Trump's first administration, says China poses an existential threat to the United States that must be urgently addressed by Washington.

A hiss and puff of compressed air shapes the smooth leather, bringing to life an all-American cowboy boot in a factory on China's eastern coast. Then comes another one as the assembly line continues,

The move likely will trigger retaliation and risk igniting a trade war that could cause broad economic disruption for all countries involved.