'In China, it's a time of uncertainty there because they don't know how to react to this thing,' says Snap-on's Nicholas Pinchuk.
Chairman and CEO Nicholas Pinchuk told CNBC on Monday that the Chinese are more worried about trade now than he's ever seen them.
"China called last night our top trade people and said 'let's get back to the table' so we will be getting back to the table and I think they want to do something," Trump said at the G-7 summit in France. "They have been hurt very badly but they understand this is the right thing to do and I have great respect for it. This is a very positive development for the world.
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