China and the Cost of a Television
What a trade war might mean for consumers
China and the U.S. are firing warning shots in what could escalate to a full-on trade war.
First, the U.S. announced tariffs on steel and aluminum imports, including from China. China then retaliated with levies on American products, including pork. The Trump administration then proposed $50 billion worth of measures against more than 1,000 Chinese-made items, including the components of consumer-electronic goods like flat-screen televisions. Hours later Beijing announced proposed tariffs worth an equal amount of money on more than 100 American products ranging from soybeans to cars and whiskey.
“We’re in a tit-for-tat dynamic where both sides have taken actions that are outside the normal procedures
