China says it has 'firm will and abundant means' to fight trade war

China is showing no signs of backing down after President Donald Trump imposed a sweeping 104% tariff on Chinese goods, including clothes, shoes, toys and tech products. Duties on other countries also went into effect, with a punishing 49% tariff on Cambodia and 46% for Vietnam, both are key manufacturing hubs for American companies like Nike, Lululemon and Apple. NBC’s Janis Mackey Frayer reports for TODAY.