HOLD ON TO YOUR WALLET: Trump's trade war with China is about to start hitting the goods...

Discussion in 'News Feeds' started by Bob Bryan, Jul 12, 2018.

  1. Bob Bryan

    Bob Bryan Guest

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    • President Donald Trump's latest threat in the US-China trade war could harm US consumers.
    • The goods subject to newly proposed tariffs of 10% include many consumer products.
    • This would almost certainly cause price increases on those goods for US consumers.

    President Donald Trump's escalating trade war with China could very quickly get very real for millions of Americans.

    Trump's tariffs on Chinese goods have so far mostly spared US consumers, focusing instead on industrial materials such as bulldozers or large factory equipment. While those costs are likely to indirectly hit average Americans, Trump's latest proposal — which would place tariffs on $200 billion worth of Chinese exports to the US — would hit much closer to home.
    See the rest of the story at Business Insider
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    See Also:

    SEE ALSO: Trump wants to hit another $200 billion worth of Chinese imports with tariffs — here's what could get slammed

    SEE ALSO: Trump kicked the trade war with China into high gear

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