Today in Global Small Business: What the New China Tariffs Mean for World Trade

©iStock/cybrain What's affecting me, my clients, my colleagues and other global small business owners: What the new China tariffs mean for world trade . U.S. import tariffs have dealt free trade a heavy blow . The impact of U.S.-China trade tensions . Quote of the week:  "The benefits of a tariff are visible. Union workers can see they are "protected". The harm which a tariff does is invisible. It's spread widely. There are people that don't have jobs because of tariffs but they don't know it." – Milton Friedman Musk opposes US tariffs on Chinese electric cars . Biden outdoes Trump with ultra-high China tariffs .