The trade war between the U.S. and China is real, and it has significant implications for any business with a global supply chain.
Roughly $200 billion worth of tariffs on Chinese goods recently came into effect in the US, bringing the current total amount of tariffs on Chinese goods to roughly $250 billion. At the same time, China has slapped another $60 billion worth of tariffs on U.S. goods.
There is little end in sight for the trade war, too. Prospects appear dim right now that trade tensions will ease, which means U.S. tariffs on Chinese goods will rise to as high as 25 percent by the end of the year...
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