Wall Street is in disarray: an escalation of the trade war between the US and China pushed a worldwide sell-off in markets. According to CNN, Trump’s trade war could crush oil prices. In other words, the US consumers bear the costs.
If you buy anything from cars to canned soup, you will be, or probably already are, paying more. The average American household expenses will be at least $500 more this year because of tariffs already imposed, according to Fox Business. That is because a lot of US businesses depend on imported goods from China. Nanotech Industrial Solutions is not one of them.