Such duties would likely raise expenses for imported home-building materials, hiking construction costs and increasing home prices, some experts said. Meanwhile, they added, potential price increases for a range of goods across the economy could pressure the Fed to raise interest rates, which in turn would push mortgage rates even higher.

In Trump’s view, running a trade surplus with another country is a “ ripoff ”. This is of course the reverse of the truth: such a country provides a greater value of goods and services to US customers than it receives from them.

China countered President Donald Trump’s across-the-board tariffs on Chinese products with tariffs on select U.S. imports

Smartphones, sneakers and board games headline a wide-ranging set of products at risk of price increases as a result of China tariffs imposed by the Trump administration, experts told ABC News. The tariffs,