Capitol Report: Here’s when Americans will start feeling the pain from escalating Trump-imposed tariffs [MarketWatch]
IHS Markit Ltd. Common Shares (INFO)
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Source: MarketWatch
Here’s when Americans will start feeling the pain from escalating Trump-imposed tariffs Very few Americans have paid a price from escalating U.S. tariffs, but if trade fights get worse, the first big bill will come due shortly after the school year starts. An initial blast of tariffs, mostly targeting $50 billion in Chinese goods, was tailored by the Trump administration to minimize the damage to the U.S. economy. Consumers or businesses could more easily find substitutes for goods whose prices would rise due to higher U.S. tariffs. Trade-war tracker : Here are the new levies, imposed and threatened Retaliatory tariffs by China and other countries have been more limited in scope and largely designed to raise political heat in the U.S. to get Trump to relent. Kentucky bourbon, Harley-Davidson HOG, -1.63% motorcycles, Midwestern crops and maple syrup were some of the American goods to first feel the hurt. “Chinese tariff measures are targeting U.S. agricultural imports due to the e
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