'This is not a pretend trade war,' analyst says
Trump announced a 25 percent tariff on up to $50 billion of Chinese goods and China unveiled retaliatory levies. "This is not a pretend trade war," says John Rutledge, chief investment officer of Safanad, an investment firm. Looming trade war fears have been replaced with an actual trade war, John Rutledge , chief investment officer at Safanad, told CNBC on Friday.