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Squawk anchors discuss the deadlock in trade talks between the U.S. and China. Shares in Asia slip and US futures fall as China and the U.S. stand their ground over trade, casting doubt over the prospect of a deal to end the tariff war, as Washington hikes levies on 200 billion dollars worth of Chinese goods. U.S. Secretary of State Mike Pompeo addresses increased tensions with Iran in an exclusive interview with CNBC, saying the military ramp-up in the Persian Gulf is not raising the risk of conflict, but is aimed at changing the behavior of the Iranian leadership. Uber stutters in its widely anticipated debut, dropping over 7 percent to close well below its IPO price and sending shares in rival Lyft to a fresh low.