If the tariffs hold, Apple is widely expected to eventually raise the prices on iPhones and other popular products because the Silicon Valley’s supply chain is so heavily concentrated in China, India and other overseas markets caught in the crossfire of the escalating trade war.

The trade war between the world’s two largest economies is escalating as China slapped a 125% tariff on U.S. goods in response to President Donald Trump’s 145% tariff on Chinese products

China has raised tariffs on U.S. imports to 125%. NBC News’ Vaughn Hillyard reports more. CNBC global supply chain reporter Lori Ann LaRocco, Director of Studies and Vice President at the Council on Foreign Relations Shannon O’Neil and New York Times White House Correspondent Tyler Pager join Christina Ruffini to break down how President Trump’s tariffs are impacting the global economy.