If China does not fold to tariff threats, US will experience inflation. Interest rates will rise, and emerging markets will crash. https://goo.gl/LKvFdX
America First (for a while).
Why would the US experience inflation because of that?
Because prices of goods will rise. Even though you personally might face more economic opportunities (so maybe inflation won't bother you), the cost of goods will definitely climb.
"In economics, inflation is a sustained increase in the price level of goods and services in an economy over a period of time." https://en.wikipedia.org/wiki/Inflation
