A newly imposed 10% tariff on all Chinese-made products is expected to raise the cost of everything from inexpensive online apparel to toys and electronic devices such as computers and cellphones.
The move comes a day after President Donald Trump agreed to pause threatened tariffs on Mexico and Canada, allowing a 30-day window for negotiations on reducing illegal immigration and curtailing the flow of drugs like fentanyl into the United States.
China responded to the lack of a similar White House reprieve by announcing retaliatory tariffs on certain US goods, fueling concerns that this escalating trade conflict will significantly impact American wallets if both sides continue the tit-for-tat measures.
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