Here’s exactly how Trump’s trade war with China could affect you

A trade war between the US and China has been heating up this year, with the US levying tariffs on $250 billion of imported goods from China and China retaliating with tariffs on $110 billion of US goods.Tariffs can increase the price of goods, which can have serious economic effects.Several economists and business groups have warned that higher prices from tariffs can hurt American firms and consumers, but the Trump administration continues to defend its policies.Experts predict that some of the first prices to rise will be on computers and computer parts, furniture, and tires.

A trade war between the US and China has been heating up for much of this year, and it could have huge impacts on the US economy.

Tariffs affect the economyHigher prices could hit consumers’ walletsBusiness groups are worriedTrump has pushed backChina retaliates…

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Source:: AOL.com

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