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September 19, 2018

5 ways $200B China tariffs could hurt

  • The escalating trade war is likely to affect consumers, companies, markets, the economy and the political landscape.
    • By JOSH BOAK
    AP Economics Writer

    BALTIMORE — By imposing taxes on an additional $200 billion in Chinese goods, President Donald Trump has intensified a battle of wills between the world's two largest economies — and the outcome is far from certain.

    No one knows how long the tariffs announced Monday might last. No one knows if Beijing will yield as pressure builds or instead stiffen its resolve and keep retaliating. No one knows if a politically divided United States will serve to undercut Trump's aggressive tactics.


     
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