07-04-2018 02:17 via ocregister.com

US-China trade rift could squeeze growth and hurt consumers

WASHINGTON (AP) — Higher prices. Slower growth. Farmers losing access to their biggest foreign market.
Even President Donald Trump is warning that Americans might have to accept “a little pain” before they enjoy the fruits of his escalating trade fight with China.
On the pain part, if not necessarily on the “little” part, most economists agree with the president: The tariffs the United States and China are preparing to slap on each other’s goods would take an
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