Business Rundown: Chinese Products May Not Be So Cheap Anymore

Earlier this week President Donald Trump issued 145% tariffs on goods imported from China. In retaliation, Beijing issued 125% tariffs on the United States, a drastic jump from the original 84% tariffs.  That retaliatory move could have Americans feeling the impact of those tariffs here at home. Everyday items such as smartphones, clothing, and furniture are expected to see sharp price increases.      To break down what this means for the US, FOX Business’ Gerri Willis speaks to Taylor Riggs, co-host of The Big Money Show on the FOX Business Network.  Learn more about your ad choices. Visit podcastchoices.com/adchoices