How Trump’s Trade War Will Cost You
President Trump's trade war with China will reportedly cost the average American household $1,000 in 2019. From sneakers to smartphones, here are eight items that will soon cost you more. 💸
Products that could be affected
8 items that will cost more because of President Trump’s trade war with China…If a trade deal isn't reached, JP Morgan estimates the 10% tariffs will cost the average American household $1,000 this year. Soon, it may be hard to find a Chinese-made product on a store shelf that doesn't have a higher price tag because of new U.S. tariffs. Here are 8 products that will cost more:
Clothing - 42% of all clothing sold in the U.S. is imported from China. Footwear (sneakers, sandals, ski boots) - 70% of the footwear sold in the U.S. is imported from China. Smartwatches - Some consumer electronics — like smart watches, fitness trackers, and Bluetooth headphones like Air Pods — will see tariffs. Sporting goods like tennis balls, footballs, soccer balls, baseballs, and softballs. Smartphones such as iPhones, and most importantly china iPhone manufacturing. Most iPhone manufacturing and assembly takes place in China. Laptops like the MacBook, and PC laptops. Video game consoles such as Xbox, PlayStation and Nintendo and a mass number of children’s toys. (based on data from the American Apparel & Footwear Association)
If a trade deal isn't reached, JP Morgan estimates Trump’s tariffs will cost the average American household $1,000 in 2019 and President Trump has threatened to raise that to 15%. President Donald Trump announced double-barreled new tariffs on Chinese imports Friday after Beijing said it would retaliate against Trump's latest duties with its own tariffs on $75 billion in U.S. products. On Sept. 1, 2019, a tariff on some of the $300 billion in Chinese imports that was slated to be 10% instead will be 15%, Trump said. It's not clear how much of the new tariffs will be passed to American shoppers and how much can be absorbed by U.S. retailers, but at least a portion is likely to result in higher retail prices.
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110 comments
Osman A.
08/26/2019 23:16i liked thank you trump
Osman A.
08/26/2019 23:16Make America great again 🙏🏿💪🏿
Carol N.
08/26/2019 23:19The idiot moron
Bonny R.
08/26/2019 23:20We need to make our own
Justin V.
08/26/2019 23:20Lmfao ya that's not how that works at all. Though what can you expect from a guy who's dumber then Bush jr lmfao.
Anna M.
08/26/2019 23:28😡😡😡😡😡😡
Hortensia S.
08/26/2019 23:32Imbecil...
Thomas J.
08/26/2019 23:32So what
Patty D.
08/26/2019 23:34But the lier a chief said to would only cost China money not us
Isela S.
08/26/2019 23:37Make America Pay More should be his new campaign
Todd J.
08/26/2019 23:38Oh no my 800 dollar phone is now 900 dollars
Emilio R.
08/26/2019 23:40Look 👀 Clown 🤡 go tell that to Russia 🇷🇺 and China 🇨🇳 .
Vilmar T.
08/26/2019 23:47.
JoeGreen J.
08/26/2019 23:48[email protected] #3472412851. #TECHNICIAN #ELECTRICIAN. Nyc
JoeGreen J.
08/26/2019 23:48[email protected] #3472412851. #TECHNICIAN #ELECTRICIAN. Nyc
Coleman S.
08/26/2019 23:50Blame trump for his unnessary tariff war with china
Mj M.
08/26/2019 23:53The complaint is to scare the over indulger. We don't purchase phones until ours totally craps out. So...every 3-5 years. Those who are cost affected by the temporary increase (until manufacturing begins more in the USA than abroad) are those who typically buy more, more often to be the Jones's or keep up with them. We aren't afraid of hand me downs, used furniture, used whatever and tend to repair than replace so this is good. Freeze them out with lack of consumer's. Build America up by forcing manufacturers to create more here than in sweat shops in China, Taiwan, the Philippines, Mexico, etc.
Dania H.
08/26/2019 23:58Crazy
Santos G.
08/27/2019 00:26Good luck Americans, you made your choice. 😊
Braden P.
08/27/2019 00:45Thanks Republicans for being gullible and be leaving in alternate facts. Now we all will pay.