US-China trade war: Trump's tariff push squeezes businesses and consumers

The first time President Donald Trump threatened tariffs on the luggage that Tiffany Williams imports for her Texas store, she stockpiled high-end suitcases and other products ahead of the deadline to protect profits. This time, she may not have that option.

Trump on Sunday vowed to lift tariffs on $200 billion of Chinese imports to 25 per cent from 10 per cent by the end of this week if no trade pact is sealed between the world's two largest economies. Williams sources about 85 per cent of the products for her business, Luggage.

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