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David Fickling

The Trade War Is About to Hit Your Pocket. Literally

Goods such as clothing and shoes had been spared from the tariff dispute with China. Not anymore. 

This plan is about to unravel.

This plan is about to unravel.

Photographer: Patrick T. Fallon/Bloomberg

Americans better make the most of their Labor Day discount shopping. It could be the last they see for a long time.

A 15% tariff that went into effect Sept. 1 on about $112 billion of goods imported from China will start pushing up prices of clothing, shoes and other consumer goods arriving at U.S. ports this week.