5 ways Trumps tariffs on China goods could be felt

-Souirce-Daily Times- By imposing taxes on an additional $200 billion in Chinese goods President Donald Trump has intensified a battle of wills between the worlds two largest economies and the outcome is far from certain. No one knows how long the tariffs announced Monday might last. No one knows if Beijing will yield as pressure builds or instead stiffen its resolve and keep retaliating. No one knows if a politically divided United States will serve to undercut Trumps aggressive tactics. But whats clear is that the latest fight in the escalating trade war is likely one way or another to affect consumers companies markets the economy and the political landscape. And how all that plays out could determine whether Trumps negotiating gamble proves a triumph or a failure. Here is a look at 5 potential consequences: Unlike the first two rounds of tariffs totaling $50 billion the new taxes launched by Trump would more directly hit American consumers. As counterintuitive as it might seem the president sees this fact as ultimately helping U.S. workers. In the end he calculates some short-term pain will lead to new trade policies and accords that will prove more favorable to American companies and individuals. As president it is my duty to protect the interests of working men and women farmers ranchers businesses and our country itself Trump said in a statement. Starting Monday the United States is to begin charging a 10 percent tax on thousands of Chinese imports tires windshield wipers baseball gloves bicycles snakeskin pants backpacks trombone cases refrigerators and wooden furniture among others. The list runs 194 pages.