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"Even in the best of circumstance, the idea that we would drop everything and move toward a deal with the UK, a market of 60 million people, is fantasy land."

"Economists nearly unanimously agree that tariffs have negative economic effects, and this has been observed time and time again when countries impose tariffs," said Erica York, an analyst with the Center for Federal Tax Policy at the US Tax Foundation, who wrote the report titled The Impact of Enacting President Trump's Tariffs. The foundation is an independent tax policy nonprofit.

"During the current market downturn, investors will not jump at such a blurry signal of policy changes. Investors are still waiting to hear top regulators' policy stances," he added.

"Farmers are a vulnerable group in our society, and we hope this incident will have a silver lining," he said.

"Embroidery has become a major business in Maan. The streets are filled with the sound of embroidery machines, and everyone is rushing to and from work as they have a large number of orders to finish," Wei said.