The United States trade dispute with China has escalated in recent days. Last week, the U.S. raised tariffs to 25% from 10% on almost all Chinese goods. Then on Monday, China retaliated by raising tariffs on $60 billion of American goods.
President Donald Trump has been right to take on the unfair trade practices that China has gotten away with for years. He said the increased tariffs were in response to China reneging on items that had been agreed to in trade talks.
But while Trump may be right in taking on China, its American consumers and farmers, as well as the Chinese economy, that will pay the price for the trade war.
