Raised tariffs seen exacting political price
Washington's strategies hurt consumers due to higher import costs, experts warn
The United States' escalation of trade tensions with China, compounded by newly enacted and threatened additional tariffs on Chinese imports, could come with a political price by hitting the US economy and employment, so the Trump administration should "reverse course", said some experts and executives.
As the tariffs rise, so does the economic impact, according to Nicole Kaeding, vice-president of federal and special projects at the Washington-based Tax Foundation.
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