The U.S.-China Tariff War: A Global Economic Quake
1. The Price Tag of Trade Wars
Consumers Bear the Brunt
American shoppers are feeling the heat. Everyday items like electronics, clothing, and household goods have seen prices surge due to tariffs. For example, iPhones assembled in China now cost 20-30% more in the U.S., squeezing middle-class budgets. Similarly, Chinese consumers face pricier American beef and soybeans, pushing inflation to 3.2% in early 2025.
