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One map shows why Trump's trade war with China could be a disaster for average Americans

12 days ago   |   By Business Insider

Andy Wong/AP Images
President Donald Trump's trade war with China is ongoing, with tariffs flying back and forth.
While tariffs only apply to $34 billion worth of Chinese goods coming into the US, Trump has threatened to apply tariffs to every import from China.
The trade war could have significant economic consequences, since China is the largest source of imports for 23 states - and in the top five of sources for 47 states.
The China fight could also have political consequences, since 15 of the 23 states that count China as their top import source voted for Trump in 2016.
There's no...
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China slams Trump's 'mobster mentality,' promises $16 billion counter-punch as trade war escalates

China slams Trump's 'mobster mentality,' promises $16 billion counter-punch as trade war escalates

12 days ago   |   By Business Insider

REUTERS/Fred Dufour/Pool; Alex Wong/Getty Images
Chinese state media on Thursday accused the United States of a "mobster mentality" in its move to implement additional tariffs on Chinese goods.
Beijing on Wednesday said it would slap additional tariffs of 25 percent on $16 billion worth of U.S. imports, in retaliation the US's plans to begin collecting 25 percent extra in tariffs on $16 billion of Chinese goods from Aug. 23.
China should consider "unconventional methods" to fight back, state media said.
SHANGHAI - Chinese state media on Thursday accused the United States of a "mobster...
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