Trump told reporters that he's in "no rush" to speak with Chinese President Xi Jinping, despite escalating trade wars and previous claims to the contrary.

U.S. President Donald Trump will speak with Chinese President Xi Jinping on Tuesday, his top trade adviser Peter Navarro told a Politico Live event, as new 10% tariffs on Chinese imports took effect,

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.