How Trump's latest China tariffs could squeeze US consumers
Story Date: 8/5/2019

 

Source: WRAL, 8/2/19

 
The latest tariffs President Donald Trump plans to impose on Chinese goods would cost U.S. households an average of $200 a year, some economists estimate, and would start to bite consumers and retailers just as the holiday shopping season begins. That cost would come on top of the roughly $830 cost imposed per household from Trump's existing tariffs, according to a New York Federal Reserve analysis.

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