Experts expect the U.S. to make an announcement on June 30th that will further damage relations between the two countries. The U.S. will most likely limit Chinese investment in U.S.-based businesses. The will also limit the export of U.S. tech products to China.
Many wonder what the end result of the increased tariffs will be on American businesses and consumers. Will business suffer from lower international sales? Or will they thrive, as Trump hopes, from higher domestic sales? Trump believes that the tariffs will raise prices on imported goods, making American products more competitive.
Others feel that trying to close the trade gap is an unfair economic measure. If China produces more goods than the U.S., people believe that they should be able to sell those goods without restriction. Others say that because Chinese companies can produce at lower cost than the U.S., they have an unfair advantage.
