Trump’s Christmas Tariffs To Raise Holiday Prices On Apparel, Shoes, and Hats

JakeThomas

President Trump's tariffs on 69% of consumer goods from China will hit just as Americans begin holiday shopping.

American consumers are more likely to feel the effects of President Donald Trump’s upcoming Chinese tariffs than those previously imposed, as apparel, shoes and hats make the list just in time for Christmas.

According to The Wall Street Journal, $33 billion worth of goods in those categories are among the Chinese goods subject to Trump’s 10 percent tariff that takes effect on September 1.

And as Axios noted, unlike the “telecommunications equipment, metal alloys and mechanical devices” Trump hit with tariffs in the past, goods like apparel and shoes will be more noticeable to the general public’s wallets.

The Journal estimated about 69 percent of consumer goods from China will be affected by the September tariffs, as opposed to just 29 percent up until that point.

Though Trump delayed taxing some Chinese goods until December 15, American consumers will certainly feel the pinch when it comes time to wrap up their holiday shopping.

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Comments (1)
No. 1-1
stellajames34
stellajames34

Ohh really that's not a piece of good news, then how people will people buy quality products? I think we all need to prefer to buy from online stores because they only help us to buy quality products, I also bought some stuff for Christmas from https://www.reecoupons.com/categories/christmas because I saw quite good stuff on there and they help me to save some amount as well.


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