Trade War

The 15 percent tariffs will be implemented on $156 billion of Chinese smartphones, laptops, toys, video games and other goods.

The organization projected the U.S. economy will expand at a 2.1 percent annualized rate next year in its first forecast for 2020.

China has imposed steep tariffs on U.S. soybeans and other agricultural products in retaliation for U.S. duties on Chinese goods.

Enacting more tariffs would escalate a trade war between the world's two biggest economies.

As President Trump stumps in Pennsylvania, businesses see pluses and minuses.