INTERNATIONAL ECONOMIC ENVIRONMENT
Consumers Will Increasingly Feel Pain From Trump’s Trade War. Here’s Why.
The Trump administration seems confident that consumers will not feel pain from its escalating trade war with China. “Because it’s spread over thousands and thousands of products, nobody’s going to actually notice it at the end of the day,” Commerce Secretary Wilbur Ross told CNBC on Tuesday, when asked about the administration’s latest round of tariffs on Chinese imports.
But a pain-free trade war with China is nearly impossible.
Photo: An employee working on a part for a wind turbine at a factory in Lianyungang in China.CreditCreditAgence France-Presse — Getty Images