All right, so here's the question tonight.

Is China winning the trade war?

America's CEO is a warning the U.S. is barreling toward huge price increases, empty shelves at stores,

even COVID-level supply chain disruptions.

And we can't even get a straight answer on whether the U.S. is even talking with China.

Can you clarify with whom the U.S. is speaking with China?

They're saying it's fake news that trade talks are happening.

Well, they had a meeting this morning, so I can't tell you. It

doesn't matter who they is. We may reveal it later, but they had meetings this morning,

and we've been meeting with China, and so I think you have Jeff, as usual. I think you have

your reporting wrong. Thank you very much. We'll see you. Did you catch that at the end? That was Reuters correspondent Jeff Mason telling Trump,

it's China that saying talks aren't happening. He's here tonight to talk about that particular

moment. And he's also right. All he had to do is hear the direct statements from China.

China's commerce ministry says that there are no ongoing talks with the U.S. over tariffs.

A spokesperson for the foreign ministry calling that fake news.

The commerce ministry also used stronger language, saying if the U.S. really wants to resolve the problem, it should cancel all the unilateral measures on China.

So what's going on?

CNN's Jeff Sallone is reporting that if any talks are happening now, they're low level, nothing at the cabinet level.

One top Wall Street analyst is describing Trump's position this way. It's a game of poker. And he's looking at his

cards being like, it's not that good of a hand. And the reality is you got two and a half weeks.

Everything we talk about, two and a half weeks, so you have the

inventory in terms of all the shortages, the price increases that are coming. It's going to make COVID

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