United States President Donald Trump could end up being portrayed as The Grinch whose tariffs ruined Christmas for American consumers if he makes good on threats to slap a 10 per cent tariff on the remaining US$300 billion (S$415 billion) of goods imported from China.
Analysts say Mr Trump would be bringing the trade war to the point where it starts to hurt the US more than China, as the new tariffs earmarked for Sept 1 will hit a wide array of consumer goods, from mobile phones to apparel and toys.
Already a subscriber? Log in
Read the full story and more at $9.90/month
Get exclusive reports and insights with more than 500 subscriber-only articles every month
ST One Digital
$9.90/month
No contract
ST app access on 1 mobile device
Unlock these benefits
All subscriber-only content on ST app and straitstimes.com
Easy access any time via ST app on 1 mobile device
E-paper with 2-week archive so you won't miss out on content that matters to you
