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Opinion: Why America will be the biggest loser in the trade war
U.S. consumers, businesses will bear the burden of tariffs
BRUSSELS, Belgium (Project Syndicate) — For a while at least, trade tensions between the United States and China seemed to have settled into a “new normal.” After both countries imposed high tariffs on a substantial proportion of each other’s goods, President Donald Trump refrained from further escalation.
But, following another inconclusive round of bilateral trade talks in Shanghai last week, Trump announced that the U.S. will impose 10% tariffs on a further $300 billion worth of Chinese goods, effective Sept. 1.
...
https://www.marketwatch.com/story/why-am...o_homepage
U.S. consumers, businesses will bear the burden of tariffs
BRUSSELS, Belgium (Project Syndicate) — For a while at least, trade tensions between the United States and China seemed to have settled into a “new normal.” After both countries imposed high tariffs on a substantial proportion of each other’s goods, President Donald Trump refrained from further escalation.
But, following another inconclusive round of bilateral trade talks in Shanghai last week, Trump announced that the U.S. will impose 10% tariffs on a further $300 billion worth of Chinese goods, effective Sept. 1.
...
https://www.marketwatch.com/story/why-am...o_homepage
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