But after all the holiday specials fade, U.S. consumers could be in for a surprise: higher prices., the White House announced that it was raising the tariff rates on a range of Chinese imports from 10% to 25%. The policy exempted those cargo ships already on their way to the U.S., but the higher rates would apply to any goods that departed following the announcement.are nearing America's shores, with many set to arrive next week. According to the Office of the U.S.
The extent to which U.S. customers will feel these tariffs at the cash register will therefore depend on the product. For low-margin products where China dominates, the increases likely will be higher than those products with easy substitutes or alternate supply chains.As this process unfolds over the coming weeks, retailers and consumers should be aware that they could face even greater difficulties later this year.
As the next chapter of the trade dispute unfolds, the American consumer will begin to feel the impact for the first time. Hopefully, U.S. and Chinese negotiators will strike a deal in the months ahead that avoids further tariff escalation.
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