Trump is escalating his trade war against China, and American families are paying the price. When President Donald Trump first initiated the trade war with China one year ago, he justified the action as necessary to open China's markets and to secure America's rights to its own intellectual property. By now, it is likely no surprise to American families that tariffs raise the cost of living. They erode profits for American business owners and make it harder for American workers to see real pay increases. About 37% of US imports from China are computers and electronic devices, and all trade in this category soon may be taxed at 25%.

Source: CNN May 20, 2019 19:41 UTC