US-China trade rift could squeeze growth and hurt consumers
Updated : April 07, 2018 09:00 AM IST
On the pain part, if not necessarily on the "little" part, most economists agree with the president: The tariffs the United States and China are preparing to slap on each other's goods would take an economic toll.
Supposed the administration tries to triple the tariffs, they will be more likely to hit the low-priced Chinese products that American households have come to rely on, namely electronics, toys and clothing.
But China has other ways to retaliate. It could cancel aircraft orders from Boeing. It could meddle with US supply chains by disrupting shipments from Chinese factories to American companies.
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