Tariffs to backfire, experts warn US

Actions 'make it more difficult' to sell 'Made in America' products

US President Donald Trump's decision to impose new tariffs on selected Chinese products and restrict imports will inflate consumer prices and slow global economic growth, which has benefited from the multilateral trading system, experts and officials said.

The United States on Friday announced additional tariffs of 25 percent on Chinese imports worth approximately $50 billion, including aerospace, robotics, machinery, new materials and automobiles, destroying the consensus reached in previous talks.