China is looking to mend a strained trading relationship with the European Union, the last open major market for its products, to weather a trade war with the United States. But diplomats and analysts say breaking a prolonged stalemate won't be easy.

China has raised tariffs on U.S. imports to 125%. NBC News’ Vaughn Hillyard reports more. CNBC global supply chain reporter Lori Ann LaRocco, Director of Studies and Vice President at the Council on Foreign Relations Shannon O’Neil and New York Times White House Correspondent Tyler Pager join Christina Ruffini to break down how President Trump’s tariffs are impacting the global economy.