New Round Of Tariffs Take A Bigger Bite Of Consumers' Budget
The latest round of tariffs on Chinese imports are expected to hit more products U.S. consumers actually buy, and businesses say they have no choice but to pass the added costs on to consumers.
by Yuki Noguchi
May 10, 2019
3 minutes
The prices of the things we buy, from floor lamps to canoes and bicycles are slated to go up, literally overnight, as the Trump administration makes good on a promise to raise tariffs on $200 billion worth of imported Chinese products.
With trade talks between the U.S. and China yielding no deal, consumers and the businesses that serve them say they're bracing for bigger ripple effects.
Retailers, manufacturers, small farmers and multinational conglomerates are united in
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