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Wed Jul 11, 2018, 05:08 PM

The pain of Trump's tariffs is coming home to American shoppers

The office of the US trade representative announced that the US president had directed it to start the process of putting a new 10% tariff on $200 billion worth of Chinese imports. They include (pdf) a long list of consumer goods, such as clothes, handbags, suitcases, makeup, dog collars, and human hair.

Until now, consumer goods had largely dodged the tariffs the US has recently hit China with, which focused more on industrial products such as machines and chemicals. These items are present among the new tariffs as well, but as Trump has sought to punish China for what he says are unfair trade practices, in particular its theft of American intellectual property, the back-and-forth trade attacks between the countries have led the US to expand its tariffs to new categories (paywall).
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The outcome of the new tariffs would be higher prices on those consumer goods listed for American shoppers, something that American brands and retailers selling those items have feared for months now. In March, more than 100 companies, including Nike, Walmart, and Leviís, urged Trump not to put new duties on products coming from China, arguing they would hurt American consumers and businesses as they hiked up prices, while having no effect on Chinaís attitude toward US intellectual property.

https://qz.com/1325820/trumps-new-china-tariffs-are-set-to-hit-american-shoppers/

Taxes slashed on corporations paid for by, in effect, a federal sales tax on everyone else.

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Arrow 5 replies Author Time Post
Reply The pain of Trump's tariffs is coming home to American shoppers (Original post)
Snellius Jul 11 OP
tanyev Jul 11 #1
Iliyah Jul 11 #2
AlexSFCA Jul 11 #3
Rebl2 Jul 11 #4
jmowreader Jul 11 #5

Response to Snellius (Original post)

Wed Jul 11, 2018, 05:18 PM

1. Even Ivanka's clothes???

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Response to tanyev (Reply #1)

Wed Jul 11, 2018, 05:23 PM

2. Nope.

But the middle class' cost will rise greatly, it has already started.

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Response to Snellius (Original post)

Wed Jul 11, 2018, 05:34 PM

3. I rarely see Chinese made clothes

even though most everything else is usually made in China.

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Response to AlexSFCA (Reply #3)

Wed Jul 11, 2018, 08:03 PM

4. Aren't his

ties or hats made in China?

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Response to Rebl2 (Reply #4)

Wed Jul 11, 2018, 11:57 PM

5. Pretty much his entire line is Chinese-made

That's what irks me the most about this asshole's trade policy: he launches a trade war against China with his right hand while his left hand is signing bills of lading for the crap he and his daughter are importing from China.

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