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All imports from China are on the table for future tariffs by the Trump administration.
So far, China is responding in kind with tariffs on U.S. products while also pursuing non–tariff actions, such as port delays for U.S. goods in China.
The economic fallout from the current round of tariffs is not expected to be broad-based or sufficiently damaging to derail the U.S. economic expansion, however the impact on certain industries, sectors, and companies will be meaningful.
From an economic standpoint, the U.S. probably has a stronger hand than China’s, but when and how each side will bend is as much a political question as an economic one.
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