Trump’s trade wars start biting GOP ahead of midterms | News Sponsored by

by TrumpShop.Net on Sep 25, 2018

Walmart recently warned it will need to raise prices on a huge swath of products imported from China. Other large consumer-product companies announced price hikes over the summer. | Scott Olson/Getty Images Trade With fresh U.S. tariffs on Chinese goods taking effect Monday, company reports and prominent sentiment gauges are flashing early warnings for the economy. By BEN WHITE 09/24/2018 05:03 AM EDT President Donald Trump’s trade battles are already triggering economic warnings — and rising danger for Republicans just ahead of the midterm elections. As fresh U.S. tariffs on $200 billion in Chinese imports take effect Monday, surveys show consumers growing increasingly worried about higher prices this fall. Giant retailers such as Walmart are warning of price increases for manufactured goods. And smaller businesses in swing states and districts from Washington state, to Iowa, to Tennessee are complaining bitterly about big hits to their exports. Story Continued Below The economic fallout from Trump’s skirmishes with China, Canada, Mexico and the European Union risk making an already tough cycle for Republicans even more brutal, giving Democrats a chance to peel away voters linked to influential industries — like Washington state cherry farmers and Tennessee whiskey makers — who have long supported business-friendly Republicans. “Where you have real-world effects of the trade war, you see people’s opinions sour dramatically,” said Scott Lincicome, a trade lawyer and adjunct scholar at the Cato Institute who is studying the links between public opinion and trade. “You look at places like Washington state where people are dependent on exporting cherries and apples, or Rust Belt states that border Canada, or Tennessee with auto and bourbon makers, and you are going to see close races where this is actually a decisive issue.” The latest impact will begin to hit Monday as new 10 percent tariffs Trump slapped on over $200 billion in imports from China are scheduled to go into effect. That tariff rate is set to rise to 25 percent on Jan. 1 if the Chinese don’t capitulate to White House demands. Trump has also threatened to bump the total up to more than $500 billion in imports, which would hit nearly every product China exported to the U.S. last year. Morning Money Political intelligence on Washington and Wall

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