Source: Matt Egan, WRAL TECHWIRE, 8/21/19


President Donald Trump and his advisers insist their trade war with China won’t hurt American consumers. But analysts say otherwise. The tariffs Trump has already imposed on China are estimated to cost the average American household $600 per year, according to a report by JPMorgan Chase. That will rise to $1,000 if Trump carries through on his plan to levy tariffs on another $300 billion of US imports from China, the bank added.

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