NBC News - Thousands of household products could get more expensive just as families finish up back to school shopping, thanks to the newest round of tariffs the Trump administration has promised to slap on goods from China.
“This is a really, really tragic situation for consumers who are living paycheck to paycheck,” said Jack Gillis, a spokesman for the Consumer Federation of America.
The price of a typical hunting boot is expected to increase to $222 from $190; a performance running shoe could cost $187 instead of $150. “All very noticeable increases at checkout,” he said.
The previous rounds of tariffs have already squeezed people’s budgets. The levies on imports in 2018 cost the typical U.S. household $419, according to a study by the National Bureau of Economic Research.
...More than 80% of all toys sold in the U.S. are imported from China. “Children are no way to win a trade war,” said Steve Pasierb, the president and CEO of The Toy Association.
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