Main Street and Wall Street are bracing as the United States prepares to levy more tariffs on China. President Trump is expected to announce more taxes, or tariffs, on Chinese goods coming into the United States. Related: Trade war would wipe out the gains from tax cuts, Penn analysis saysWhy it matters1. Investors, economists and policymakers are worried about a China-US trade war that could embroil the global economy. China is also the biggest creditor of the United States: It owns more US government bonds than any other country.

Source: CNN March 21, 2018 20:09 UTC