The Trump administration's escalating trade dispute with China could have a significant impact on gaming in the near future. As reported by Game Daily, the Office of the United States Trade Representative has proposed a tariff of up to 25% on a wide array of products imported from China.

U.S. tariffs on Chinese goods are hurting an unintended target as the trade war rages, an International Monetary Fund study found. The study, released Thursday, said that tariff revenue collected from levies on Chinese goods “has been borne almost entirely” by U.S. importers. China and the U.S. have been engaged in a trade war for more than a year. In that time, they have targeted billions of dollars worth of goods with high import tariffs.

Since hitting China with job-destroying and consumer-gouging tariffs, Donald Trump has claimed the self-defeating measures are a good thing due to the money the U.S. Treasury is taking in as a result. “I am a Tariff Man,” he tweeted last December. “It will always be the best way to max out our economic power. We are right now taking in $billions in Tariffs.

Battling rain and cold, crumbling trade talks with China, and slumping commodity markets, northern Iowa farmer Brent Renner says it's a struggle to feel optimistic about the corn and soybeans he's planting. "It's a physical and mental challenge," said Renner, a 43-year-old who farms near Klemme, a town of about 500 people west of Clear Lake. "A lot of us think it can't get any worse, that it can only go up from here. But that's probably not a safe bet," he said.

In threatening an escalation of a trade war with China over the weekend, President Donald Trump asserted that the tariffs already in place have boosted the economy. “These payments are partially responsible for our great economic results,” he tweeted on Sunday. Economists disagree. “It’s pretty hard to justify the argument that tariffs have strengthened the economy,” said Dan North, chief economist at Euler Hermes North America.

China said Monday its negotiators are still preparing to travel to the U.S. for trade talks this week despite President Donald Trump threatening Beijing with increased tariffs. That wasn’t quite a confirmation that the talks would still go on, but it quieted some concern following multiple reports that the Chinese side was reconsidering its involvement in the negotiations.

President Donald Trump said Sunday that tariffs on $200 billion of Chinese goods will increase to 25% on Friday, despite repeated claims by the administration in recent weeks that trade talks with Beijing were going well. The tariff rate on those goods was originally set at 10%. Trump had initially threatened to increase the tariffs at the start of the year, but postponed that decision after China and the U.S. agreed to sit down for trade talks.

The Treasury Department said the U.S. deficit grew 77% in the first 4 months of the 2019 fiscal year (beginning Oct. 1), driven by sweeping tax cuts passed at the end of 2017 and increased federal spending, reports the Washington Post.

President Trump has threatened to rip up NAFTA. To shut the border with Mexico. To impose tariffs on the thriving car industry in Mexico. “They’re killing us on jobs and trade,” he said as a candidate. And yet, two years into his presidency, a strange thing has happened. Mexico has become the No. 1 U.S. trading partner.

President Trump's update of the North American Free Trade Agreement (NAFTA) would provide a very modest boost to the economy, according to a report released Thursday by the U.S. International Trade Commission (ITC). The United States-Mexico-Canada Agreement (USMCA) would increase economic growth by 0.35 percent, or $68.2 billion, and create 175,700 jobs, the government agency projected. Wages would rise 0.27 percent, and the largest increases would be in manufacturing and mining, with the average wage climbing 0.43 percent among lower-educated workers.

Today, the city of Samarkand in Uzbekistan is relatively remote, known mostly for its magnificent medieval ruins. But over a millennium ago, it was one of the richest cities on the infamous trade route known as the Silk Road. Back in the 600s CE, that route was called simply "the road to Samarkand." By David Aragorn.

The U.S. trade deficit dropped more than expected in January likely as China boosted purchases of soybeans, leading to a rebound in exports after three straight monthly declines.

President Donald Trump’s trade policies and tariffs reduced U.S. income at a rate of $1.4 billion per month by the end of last November, according to new research from the Federal Reserve Bank of New York, Princeton University, and Columbia University. The collaborative study found that businesses and consumers saw “substantial increases” in the price of goods throughout last year, including a “complete passthrough” of U.S.-imposed tariffs onto imported items.

Say this for Donald Trump: He’s provided us with many iconic quotations, which will surely be repeated in histories and textbooks for decades if not generations to come. Unfortunately, they’ll be repeated because they are extremely clear examples of bad ideas. In economics, the line you hear most is Trump’s declaration that “trade wars are good, and easy to win.” Coming in second is his assertion that “I am a Tariff Man,” coupled with the claim that foreigners pay the tariffs he has been imposing.

A spate of protectionist policies with trading partners reduced real US income by $1.4 billion a month at the end of 2018, according to a new study by economists at the New York Federal Reserve, Princeton, and Columbia. Using official data on prices and quantities of imports, they found American consumers and businesses footed the bill following the $283 billion worth tariffs the Trump administration levied on major economies last year while overseas companies paid little to nothing.

President Donald Trump on Saturday renewed criticism of the Federal Reserve and said the U.S. central bank’s tight monetary policy was contributing to a strong dollar and hurting the United States’ competitiveness. “We have a gentleman that likes a very strong dollar at the Fed,” Trump said at the annual Conservative Political Action Conference in Oxon Hill, Maryland. “I want a strong dollar, but I want a dollar that’s great for our country not a dollar that is so strong that it is prohibitive for us to be dealing with other nations.”

The United States is planning to delay a menu of additional Chinese tariffs that were scheduled to begin on March 1, President Donald Trump announced on Sunday, as the world's two largest economies hash out a definitive end to a wide ranging trade dispute. In a series of posts on Twitter, Trump cited "substantial progress" in bilateral talks between the U.S. and China. As a result, the president said he would suspend the new levies that would have taken place as early as Friday, but did not articulate a new deadline.

The world is a better place for China’s emergence from behind the bamboo curtain where it hid for half a century. Economic and market reforms have led to the greatest reduction of poverty in world history. For some western manufacturers, competition from low-cost China has sometimes proved fatal, yet the overall economic effect has been beneficial, helping to deliver years of global growth without the inflation which once acted quickly to snuff out the boom times.

President Trump, you surely could not have wanted your partial government shutdown, your tariffs, your corporate tax cuts and your war on undocumented immigrants to hobble economic growth and to hurt farmers, factory workers, airline passengers, government contractors, retailers, Coast Guard members and F.B.I. agents. But the economy can take only so many bad policies. A $19.4 trillion economy is losing momentum as fast as your approval ratings.

Economic sanctions, endless wars, and dirty politics has major countries ditching the US dollar in a hurry—which will not end well for the US.