Grow: Here are all the ways the new tariffs are going to hit your pocketbook [MarketWatch]
S&P Global Inc. (SPGI)
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Source: MarketWatch
Here are all the ways the new tariffs are going to hit your pocketbook It seems like every week there’s a new tariff being threatened. So, what could actually end up costing us more in this escalating trade war? The list is longer than you might think. In case you missed it, President Donald Trump has been imposing tariffs—special taxes on imported goods and services, making them more expensive—on various products, such as solar panels and washing machines, and materials, including steel and aluminum. Tariffs on aluminum and steel imports from the European Union, Mexico and Canada took effect June 1. New tariffs were applied to $34 billion worth of products from China in early July, with more scheduled to hit another $16 billion worth soon. In retaliation, Beijing is imposing tariffs of their own on $50 billion worth of imported American goods. Now, Trump is threatening to add another 25% tariff (up from his original proposal of 10%) on another $200 billion worth of Chinese imports,
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