Trade tariffs undoing US economic future

On Monday, US President Donald Trump threatened to impose an additional 10 percent tariff on $200 billion of Chinese goods. That will not only intensify the trade dispute with China but also contribute to new risks of collateral damage to the United States' economy.

And make no mistake, while China is the first target, the next ones will include some of the largest trading economies in Europe, East Asia and the Americas.

US semiconductor chipmakers Intel and Qualcomm, which generate $15 billion each in annual revenue in China, are uneasy by the Trump administration's plans of imposing tariffs on chips imported from China, which has a critical place in their supply chains.