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Tariff
Americans who buy a Chinese-made electric car will pay twice as much as they would have without the new tariff and 25% more for Chinese solar panels.
Trade wars are not so easy to win after all. The president's much-touted tariffs haven't helped furious steelworkers hang on to their jobs.
He again falsely claimed that the bill would be covered by tariffs "coming into the country," when tariffs are actually paid by U.S. importers and consumers.
A new Democratic Senate report says President Trumps bailout for farmers suffering due to the Chinese trade war disproportionately benefits southern states and big agribusinesses, even though smaller farms in the Midwest and Northern Plains are hurting the most.
WHAT'S HAPPENING
For the first time since Trump launched his trade war, American households face price increases.
The trade war is resulting in "hidden taxes paid by American individuals and families," the footwear brands wrote.
Donald Tusk said there would be consequences if the U.S. president went through with his tariff threat against France.
The president suggested on Wednesday that his escalating trade war with China was preordained by God.
Trump faces a tepid reception as anxiety grows over a global economic showdown and tension over trade, Iran and Russia.
"President Trump is making things worse, not better" by continuing to escalate tariffs on China, the organization says.
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