The Tell: Here’s how hard the escalating tariff fight will hit the economy

The escalation of the U.S.-China trade fight — and the threat of further tit-for-tat measures — marks a significant risk to both countries and the world economy, analysts said.

The U.S. early Friday increased tariffs on $200 billion of Chinese goods to 25% from 10% and President Donald Trump threatened to extend levies to other goods from the country in an attempt to ratchet up pressure on Beijing as trade negotiations continue. Beijing has said it would retaliate.

Trump Today:President touts ‘beautiful letter’ from Chinese leader Xi

“No one wins trade wars, not even the bystanders,” wrote Gregory Daco, chief U.S.

>>> Original Source <<<