u.s. chamber of commerce america's top business lobby as meanwhile said it is considering legal action to stop the move. and let's take

u.s. chamber of commerce america's top business lobby as meanwhile said it is considering legal action to stop the move. and let's take a closer look at this with our financial correspondent yens quarter in new york. how are the markets responding to this news well quite allergic hardly anybody here on wall street saw this coming and we saw a quite a sell of blue chips down by a good 350 points ending the week mostly on the lowest level on the day and just to put this into perspective we've traded lower for 6 consecutive weeks so that is actually the longest losing streak in about 8 years so certainly not a very good reception here on wall street so a punctuation mark on a bad month who is set to be hit the hardest were these tariffs to come into place . it's mostly common you affect tourists and suppliers to the car industry but then also we also see some trade for computer equipment for example from mexico to the u.s. but you could clearly see that comment your factor is probably will be hit hardest and we also saw that here with stock prices general motors losing about 4 and a half per

u.s. will meet us halfway.>> reporter: negotiators might not have met halfway but they will meet again in beijing. president donald trump called bylaw constructive and said tariffs will make america stronger. the u.s. chamber of commerce supports his efforts to negotiate but said in a statement quote prolongs trade tensions at the escalation of terrorist are in either countries interest. americans for prosperity is against the presidents approach stating more measures will continue to undermine the historic progrowth policy achievements fueling our economy. heart farmer brian duncan says what he hopes would be a brief trade were now looks indefinite. >> the price of our product goes up and in other countries pork or soybeans or corn becomes cheaper and we lose market share. >> reporter: the chinese say they're disappointed by the tariff increases and they will retaliate. >>> some bay area businesses are bracing for the impact of tariffs, among them the manager said bicycle express in downtown san jose. they say five out of six products they sell are imported from china and they say if the tariff hikes linger they will probably be forced to pass on the cost of their consumers.>> we recently got emails from our vendors

the top advocate for corporate america, the u.s. chamber of commerceg. they used to have signs out of front of their building that were advocating for dreamers. they've replace those with a sign that compares donald trump to eisenhower and reagan with respect to infrastructure. they're trying to get this idea in the president's head that he can be these historic president similar to eisenhower. the big sticking point is how you pay for this. the president has shown no willingness in the current talks to raise taxes and himself team are looking for spending cuts. that's going to be the major sticking point. democrats want a list of tax hikes. >> we know a group of swing voters in iowa may be the key to a trump viktry in 2020. >> alexi mccammond has been attending focus group. they like the policies of elizabeth warren, however, they're skeptical on the messenger. they weren't excited about any of the democrats in the current field and i believe it was almost all of them, i think only one of them said if they could redo the election, they would vote for