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The world's two biggest economies are on the brink of an economically destructive trade war. Here's what experts think could happen next.

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After many months of threats, the US has imposed 10% tariffs on all Chinese goods coming into the country. Helen Qiao, chief economist for Greater China at Bank of America, joins John Lee and Katia Dmitrieva to gauge the impact in the world's second largest economy and what could lay ahead.

Beijing has made its decision. After days of warning of counter measures and urging Washington to enter negotiations and "meet China halfway", it has decided to hit back – or at least threaten to retaliate with its own tariffs.

China alleges that the tariffs are based on unfounded and false allegations, and are in excess of the U.S.’s bound rates in a tariff agreement from 1994.

Canada and Mexico both conceded to Trump's demands over border security and drug trafficking, earning a pause on tariffs. It's unclear if China plans to do the same.