The stock market will start in the red next week.

https://finance.yahoo.com/news/latest-china-says-retaliate-us-tariffs-080311519--finance.html

The stock market will start in the red next week because of the USA waging a trade war with China.

There is no way for China not to take retaliatory actions against the USA because of national pride and interest.  If Trump thinks that the USA will win this trade war, he is dead wrong because the Chinese citizens have deeper pockets than US citizens and can last longer than the Americans.  Furthermore,  Trump has an election coming up but President Xi doesn't have an election in China.  Therefore, President Xi has no political pressure to cave in to Trump.