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President Donald Trump 's trade war has begun — and it's more expansive than his first time in the White House.What makes Trump 's current strategy unique is its scale. His first-term trade policies were more targeted than the sweeping tariffs across countries and industries this time around. Retaliation from China has been swift, with other countries promising action if Trump follows through on additional threats.
'In the face of those higher prices, businesses are likely to do some combination of passing higher costs along to final consumers and cutting back on employment and investment,' she added.Jones said that the result of quick inflation and price increases could be that Americans 'feel poor. Their salaries will not be going up, but they will be paying more for the same goods that they normally buy, or they won't be able to buy them.
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