Trump’s tariffs loom over the economy as shipments from China fall

By PAUL WISEMAN, ANNE D’INNOCENZIO and CHRISTOPHER RUGABER, Associated Press Business Writers
WASHINGTON (AP) — American businesses are cancelling orders from China, postponing expansion plans and hunkering down to see what trade policy surprises President Donald Trump plans to spring on them next.
The president’s massive and unpredictable taxes on imports seem likely to mean emptier shelves and higher prices for American shoppers, perhaps within weeks.
And the higher costs and