Get Ready For Higher Prices If New Tariffs Hit Goods From China, Retailers Warn
Higher prices will be coming to stores this fall, retailers warn, if President Trump follows through with his threat to slap new tariffs on Chinese imports.
The White House pressed the tariff threat on Friday, even as Trump announced a new agreement aimed at boosting beef exports to Europe. A day earlier, Trump threatened to set a new 10% tariff on $300 billion worth of products imported from China.
Rising trade tensions prompted another sell-off on Wall Street on Friday. The Dow Jones Industrial Average closed down nearly 100 points, or 0.4%, recovering from steeper losses earlier in the day.
More than 40% of all the clothes sold in the United States are made in China, as are nearly 70% of the shoes and 88% of the toys.
https://www.npr.org/2019/08/02/747713371/get-ready-for-higher-prices-if-new-tariffs-hit-goods-from-china-retailers-warn?
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Raise those prices 30pct!
Especially the crap at dollar stores.
