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5 ways Trump's tariffs on $200B in China goods could be felt

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By imposing taxes on an additional $200 billion in Chinese goods, President Donald Trump has intensified a battle of wills between the world's two largest economies and the outcome is far from certain.

No one knows how long the tariffs announced Monday might last. No one knows if Beijing will yield as pressure builds or instead stiffen its resolve and keep retaliating. No one knows if a politically divided United States will serve to undercut Trump's aggressive tactics.

But what's clear is that the latest fight in the escalating trade war is likely, one way or another, to affect consumers, companies, markets, the economy and the political landscape.

And how all that plays out could determine whether Trump's negotiating gamble proves a triumph or a failure. Here is a look at 5 potential consequences:

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