Title: The early victims of Trump's trade war - BBC News
Headings: The early victims of Trump's trade war
The early victims of Trump's trade war
As a US-led trade war rages on, some companies are starting to feel the pain.
Cars and motorbikes
Food and drink
Other victims
World economy

Content: Coca-Cola has also said it will increase prices in North America this year to compensate for higher freight rates and metal prices, according to the Wall Street Journal. image copyright
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image caption
Coca-Cola is raising its prices in the US in response to higher costs
Other victims
Other companies are seeking to do less business with China as a way of avoiding the tariffs. Toymaker Hasbro is moving more production out of China, US conglomerate Honeywell wants to use more supply chain sources from countries outside China and home furnishing company RH expects to cut the amount of goods sourced from China, according to Reuters. Meanwhile, US equipment maker Caterpillar recently said strong demand had allowed it to hike prices to offset $100m-$200m in higher steel and aluminium costs. World economy
The International Monetary Fund says an escalation of the tit-for-tat tariffs could shave 0.5% off global growth by 2020. Separate releases recently showed growth in China's manufacturing sector slowing in July and one measure of US consumer sentiment falling due to tariff concerns, according to media reports. Morgan Stanley estimates that a full-blown escalation of the trade dispute could knock 0.81 percentage points off global gross domestic product. This scenario would involve the US slapping 25% tariffs on all goods from both China and the EU, and them responding with similar measures. The bank said most of the effect from tariff hikes on growth would probably be seen only in 2019. Most of the impact - or almost 80% - would come through a disruption of domestic and international supply chains, the bank added.