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5 reasons we don't want a trade war with China

The Motley Fool Logo By Matthew Frankel of The Motley Fool | Slide 1 of 7: Just a quick version of where things stand as of this writing: President Trump has targeted $50 billion worth of Chinese imports with 10% tariffs. China is threatening retaliatory tariffs of their own on goods we export to that country. If China does indeed retaliate, the President has now threatened tariffs on $200 billion in Chinese imports -- four times the initial target. Whether this turns into a full-blown trade war or not is anyone’s guess at this point. However, there are some clear disadvantages to a trade war that Americans should be aware of.ALSO READ: What Stocks Perform Well in the Midst of a Trade War?

A trade war could mean widespread ill effects

Just a quick version of where things stand as of this writing: President Trump has targeted $50 billion worth of Chinese imports with 10% tariffs. China is threatening retaliatory tariffs of their own on goods we export to that country. If China does indeed retaliate, the president has now threatened tariffs on $200 billion in Chinese imports -- four times the initial target.

Whether this turns into a full-blown trade war or not is anyone’s guess at this point. However, there are some clear disadvantages to a trade war that Americans should be aware of.

Click ahead to find out what is at stake.

ALSO READ: What Stocks Perform Well in the Midst of a Trade War?

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