For months, trade war tensions with China have been on the rise. The Chinese government said Friday morning it would implement a $75 billion retaliatory tariffs on U.S. goods — a response to President Trump’s $300 billion tariff on Chinese goods.
After the announcement, Trump said he would raise tariffs on Chinese goods by as much as 30 percent, according to the Wall Street Journal.
As the back and forth unfolds, watch the video above to see how the multibillion-dollar trade war has hit New York real estate so far.
Voice-over by Lucas McGill