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Effects of Trump's 'tariff umbrella' over China felt around the world

Retailers could be hit especially hard by the escalating tensions in the U.S.-China trade war. President Trump is threatening to impost more tariffs on China in September, as he says China never fulfilled its promise to buy agricultural products from the U.S. in large quantities or stop the sale of Fentanyl to the U.S. Stephen Lamar, executive VP of the American Apparel & Footwear Association, explains how the tariffs will affect goods like clothes, toys, cell phones, electronics.