Friday, 21 June 2019

Trump China tariffs could cost billions for consumers – retailer study

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(Reuters) - If the United States does impose tariffs on another $300 billion worth of Chinese goods, it would cost U.S. consumers $12.2 billion more for apparel, footwear, toys and household appliances each year, the National Retail Federation (NRF) said on Friday. The tariffs would result in consumers paying another $4.4 billion on apparel, $2.5 billion on footwear, $3.7 billion for toys and $1.6 billion for household appliances, the retail trade group said, based on a study it had commissioned.

The post Trump China tariffs could cost billions for consumers – retailer study appeared first on Firstpost.



from Firstpost http://bit.ly/2WWtPbe

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