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'Make America Great Again' hats could double in price after new US tariffs
'Make America Great Again' hats could double in price after new US tariffs
https://abcnews.go.com/Politics/make-america-great-hats-double-price-us-tariffs/story?id=56566000
The latest round of tariffs on products from China proposed by President Donald Trump could double the price of "Make America Great Again" hats inspired by his 2016 campaign slogan, according to a merchandiser who imports them.
The new tariffs announced Thursday would hit $200 billion worth of Chinese imports, especially consumer goods, including the popular hats sported by Trump supporters around the nation, according to a story first reported by the Associated Press.
David Lassoff is the manager of a California-based company that sells a range of novelty items online.
He told ABC News his company, IncredibleGifts, typically imports the red hats from China and embroiders them in the U.S. But now the company may have to complete both tasks in the U.S., which could raise prices significantly.
"We usually sell the MAGA hats for around $9 to $12. But it could go up to $20 if we had to make them in the U.S. and embroider them here," Lassoff said.
https://abcnews.go.com/Politics/make-america-great-hats-double-price-us-tariffs/story?id=56566000
The latest round of tariffs on products from China proposed by President Donald Trump could double the price of "Make America Great Again" hats inspired by his 2016 campaign slogan, according to a merchandiser who imports them.
The new tariffs announced Thursday would hit $200 billion worth of Chinese imports, especially consumer goods, including the popular hats sported by Trump supporters around the nation, according to a story first reported by the Associated Press.
David Lassoff is the manager of a California-based company that sells a range of novelty items online.
He told ABC News his company, IncredibleGifts, typically imports the red hats from China and embroiders them in the U.S. But now the company may have to complete both tasks in the U.S., which could raise prices significantly.
"We usually sell the MAGA hats for around $9 to $12. But it could go up to $20 if we had to make them in the U.S. and embroider them here," Lassoff said.
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