President Trump is standing firm on his trade war with China, stating that tariffs are necessary to address threats posed by the country. This comes after his former trade chief, Robert Lighthizer, issued a warning about China's economic practices.

Lighthizer, who served as the U.S. Trade Representative under Trump, highlighted the risks posed by China during an interview on "60 Minutes." He emphasized the need for tariffs to address the threat China poses to U.S. businesses and national security.

Trump's aggressive stance on trade has drawn mixed reactions from investors, with famed investor Tudor Jones warning that there is no room for mistakes in the current market climate. Jones cautioned that any missteps in the trade war could have serious repercussions on the global economy.

As Trump continues to push for tariffs on Chinese goods, the effects of the trade war are being felt across various industries and markets. The uncertainty surrounding trade negotiations between the U.S. and China has led to increased volatility, with investors closely monitoring the situation for any developments.