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You are here News Economy Businesses, farmers brace for new phase in Trump trade war

Businesses, farmers brace for new phase in Trump trade war

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US-China atrade warU.S. businesses and farmers are begging President Trump for relief from his escalating trade war with China as tensions between the world’s two largest economies reach new heights.

Trump’s plan to impose a 10 percent tariff on more than $300 billion in Chinese goods, and China’s decision to suspend U.S. agricultural imports, sets the stage for potential economic and political blowback for the president.

Advocates for businesses and industries caught in the crosshairs of the yearlong U.S.-China trade war are bracing for damage, warning Trump’s new tariffs could force them to hike prices or lay off workers during this year’s holiday shopping season.

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