There’s no end in sight for the trade war. Businesses, investors and consumers are facing an escalation of the trade war with tariffs on hundreds of billions of dollars of imported goods from China and Mexico. Here’s how the economy is holding up amid the uncertainty.
The U.S. first imposed 25% tariffs on $50 billion worth of Chinese imports last summer. Tariffs of 10% were imposed on $200 billion in September. Those tariffs doubled in May when talks broke down between Beijing and Washington.
Source : forbes.com