Daniel Moritz-Rabson
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With threatened tariffs, Trump's trade war with China could cost American households $900 each year

With threatened tariffs, Trump's trade war with China could cost American households $900 each year

ShareAmerica's trade war with China could cost U.S. families $900 per year if the new tariffs threatened by President on Thursday are implemented.Trump tweeted that he planned to levy minimum 10 percent tariffs on $300 billion more Chinese imports beginning in September. He said that the tariffs could rise to 25 percent or higher. Prior tariffs on $250 billion of Chinese goods imports have already hurt consumers and businesses, but the round threatened on Thursday would have a more significant impact. "Apparel, footwear, consumer electronics, and toys," will be most impacted if the new...

August 2, 2019
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