NPR.
This is the indicator from Planet Money.
I'm Adrian Ma.
As we're all probably aware by now,
the world's two largest economies are locked in a high stakes economic standoff.
Let's recap.
It started in early February.
The president will be implementing tomorrow a 10 percent tariff on China.
Then China hit back with retaliatory tariffs.
China says it will counter U.S.
President Donald Trump's tariffs with its own import fees.
A couple months later, to which China responded.
The United States will impose additional tariffs on China of 50%.
Beijing announced it will impose 84% tariffs.
tariff on Chinese goods, and China has a 125% tariff on U.S. goods.
And just yesterday,
China threatened to retaliate against other countries
if they cut a trade deal with the U.S. that hurts China.
Now,
we've heard a lot about how this trade war has been affecting U.S. businesses and U.S. consumers,