US markets erase earlier losses

The Dow opened 500 points lower at the close.

The Dow, Nasdaq and S&P 500 are all trading higher after dropping more than 1 percent earlier in the session.

This morning's dip came one day after the Trump administration released a list of 1,300 Chinese products that would face import tariffs.

Hours later, China, the largest consumer of American goods, reciprocated with its own tariffs against 106 U.S. products, including soybeans, wheat, tobacco, corn, cotton and beef.

He followed up with another tweet just minutes before the market opened, writing, "When you’re already $500 Billion DOWN, you can’t lose!"