Last week, the Trump administration announced it would increase tariffs on some $200B worth of Chinese imports from 10% to 25%.
It’s the latest move in America’s trade war with China — and it’s likely to affect the price you pay for a variety of items, ranging from computers to toilet paper.The full list of these goods, which can be found here, is 194 pages long and contains more than 6k individual items. A large number of them are chemicals, food (including live eels), and industrial parts. But consumer items also dot the list.
According to The New York Times, these tariff increases are likely to be passed down to consumers and could “severely disrupt” US retailers — especially small businesses.
“If the administration follows through on this threat,” David French, a senior vice president at the National Retail Federation, told the paper, “American consumers will face higher prices and US jobs will be lost.”