The G7, China Trade and President Trump: What's in store for the US?

Published: Aug. 26, 2019, 12:25 p.m.

The United States and China are working to ease trade tensions, with Beijing calling for calm and President Trump predicting a deal after markets fell in response to new tariffs from both countries. Mr. Trump, speaking on the sidelines of the G7 summit, said Chinese officials had contacted U.S. trade counterparts overnight and offered to return to the negotiating table. CBS News' Jill Schlessinger joins Tony.