AP Explains: New China tariffs likely to hit US consumers
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May 10, 2019
WASHINGTON (AP) — With the Trump administration more than doubling tariffs on billions of dollars of Chinese imports, will Americans soon see higher prices on store shelves?
Yes, but it may take a few weeks. U.S. import taxes on $200 billion of Chinese goods jumped to 25% on Friday, from 10%, as President Trump followed through on his threat to hike duties after he accused Chinese negotiators of backtracking on previous concessions they had made in ongoing trade talks .
The tariff hikes will impact thousands of items , including consumer goods like furniture, luggage, seafood and handbags. Bus...
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