Economics
U.S. Consumers at the Mall Won't Be Able to Avoid Trade War Hit
- New tariffs on $300 billion of Chinese goods include apparel
- Trade group estimates cost will be $500 a year per U.S. family
A pedestrian carries a shopping bag in San Francisco, California.
Photographer: David Paul Morris/BloombergThis article is for subscribers only.
The average American consumer is finally getting pulled into the trade war.
The proposed list of additional tariffs on about $300 billion of Chinese goods, released late Monday, is full of the kinds of finished products that fill most U.S. closets and drawers. The items set to get new duties of as high as 25% include more than two dozen pages of clothing items alone, in addition to hundreds of other homegoods, sporting goods, children’s toys and crafting products that are a staple in most American homes.