US-China trade war could drive prices up and growth down
from The Chicago Tribune
The world's two biggest economies fired the opening shots recently in a trade war that could have wide-ranging consequences for consumers, workers, companies, investors and political leaders. The United States slapped a 25 percent tax on $34 billion worth of Chinese imports, and China is retaliating with taxes on an equal amount of U.S. products, including soybeans, pork and electric cars.
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