The US decision to impose tariffs on another $200bn worth of Chinese goods could have major repercussions on nearly every country on the planet as international companies readjust their sales and supply chains.
At home, Americans should expect higher costs. In China, exporters are preparing for a further sales slump. And the rest of the world is also bracing for the blowback.
Economists and trade experts have outlined a myriad of knock-on effects that could be felt in countries around the world, including a deterioration in business sentiment, cheaper products on international markets and a ramp-up in industry lobbying efforts.
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