All NEW Investors: Your gift matched $ for $ this week! GIVE NOW

Consumers may not link tariffs and higher prices

Sep 18, 2018
HTML EMBED:
COPY
Signs with the U.S. flag and Chinese flag are seen outside a store selling foreign goods in Qingdao in China's eastern Shandong province on Sept. 19, 2018. - China on Sept. 18 announced tariffs on U.S. goods worth $60 billion in retaliation for President Donald Trump's decision to slap duties on $200 billion in Chinese products next week.  STR/AFP/Getty Images

Consumers may not link tariffs and higher prices

Sep 18, 2018
Signs with the U.S. flag and Chinese flag are seen outside a store selling foreign goods in Qingdao in China's eastern Shandong province on Sept. 19, 2018. - China on Sept. 18 announced tariffs on U.S. goods worth $60 billion in retaliation for President Donald Trump's decision to slap duties on $200 billion in Chinese products next week.  STR/AFP/Getty Images
HTML EMBED:
COPY

How much do you pay attention to fluctuations in the prices of stuff you buy? There are new tariffs coming on some $200 billion worth of goods from China. They’ll start with a 10 percent tariff Monday and climb to a 25 percent tariff in the new year. Today, China immediately promised to retaliate with tariffs on $60 billion worth of American goods. Tit for tat and all that.

Click the audio player above to hear the full story. 

We’re here to help you navigate this changed world and economy.

Our mission at Marketplace is to raise the economic intelligence of the country. It’s a tough task, but it’s never been more important.

In the past year, we’ve seen record unemployment, stimulus bills, and reddit users influencing the stock market. Marketplace helps you understand it all, will fact-based, approachable, and unbiased reporting.

Generous support from listeners and readers is what powers our nonprofit news—and your donation today will help provide this essential service. For just $5/month, you can sustain independent journalism that keeps you and thousands of others informed.