What is the most likely consequence of the ongoing trade tensions between the US and China?

US President Donald Trump responded to Fox News host Brian Kilmeade's question about the impact of the new tariffs on trade.

• Option 1: The US will eventually come out ahead economically
• Option 2: The economic damage caused by the tariffs will be severe
• Option 3: The tariffs are already having a significant impact on global markets
• Option 4: Trade tensions between the US and China will escalate further