Consumers may not link tariffs and higher prices

Sep 18, 2018
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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
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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.

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