Economics
Trump's Tariffs Will Pinch U.S. Consumers, Retailers Warn
- Companies and industry groups testify in hearings on tariffs
- Trump administration says it’s trying to protect consumers
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Americans will pay more for everything from big-screen TVs to school supplies if the Trump administration follows through on threats to slap tariffs on Chinese imports, U.S. retailers warned.
President Donald Trump has threatened to impose duties on as much as $150 billion in Chinese goods to punish Beijing for alleged violations of intellectual property. The administration hasn’t said when tariffs will take effect, and is holding high-level negotiations with Chinese officials that could result in a change of policy.