Americans : The cost of your shoes could jump thanks to the US-China trade war

Consumers are already seeing price hikes from the last round of Trump’s tariffs

And trade groups and economic studies show that U.S. consumers already are seeing higher prices on a range of items — luggage and major appliances such as washing machines, for instance — that were subject to previous tit-for-tat tariffs in the U.S.’ escalating trade battle with China or retaliatory tariffs from other foreign countries.

Materials affected by the U.S. tariffs on Chinese imports so far include granite, cement, vinyl floor coverings, waferboard, ceramic tiles and stainless steel, the builders group said.


About 82% of the luggage sold in the U.S. is imported from China, and luggage was among the items that came under the initial 10% tariff last September, according to the Travel Goods Assn., a trade group whose members include luggage companies.

15-5-2019 9:32 PM
lvlrsSTI said:
Bare foot Americans

most of their shirts and pants oso made in china.
they might as well be n.aked. Laughing
Trump’s trade war with China doesn’t bode well for an already shaky U.S. housing market

Homeowners looking to sell may have reason to grow increasingly concerned about President Trump’s deteriorating relationship with China.

‘The 25% rate on the existing set of tariffs represent a $2.5 billion annual tax increase for the housing sector in terms of materials used for construction.’

—Rob Dietz, chief economist at the National Association of Home Builders
15-5-2019 8:37 PM
polanski said:
[Image: 736032.jpeg]

A list of products that could see higher tariffs includes footwear — everything from sneakers to sandals, golf shoes, rain boots and ski shoes. thumbs up

China accounts for more than 70% of all footwear imported into the U.S.thumbs up

walaneh! shock
Bro, PRC don't make own shoes meh? Thinking
Why must always depend on others leh? Confused
16-5-2019 8:39 AM
walaneh said:
walaneh! shock
Bro, PRC don't make own shoes meh? Thinking
Why must always depend on others leh? Confused

What are you talking? Confused

Who pays for US tariffs on Chinese goods? You, AMERICANS do Rolling on the flor laughing Rolling on the flor laughing Rolling on the flor laughing

Tariffs are damaging' to American farmers, consumers

Americans for Tax Reform president Grover Norquist criticized tariffs on Wednesday, indicating that President Trump's trade agenda could hurt American consumers and businesses.

"Tariffs are very damaging," Norquist said while appearing on "The Daily Briefing." He told Fox News host Dana Perino that tariffs acted as taxes on the United States.

"Well, the challenge is that tariffs are taxes," he said. "They're taxes on American consumers. We pay tariffs imposed by the United States, not China, not other countries."

"We also have challenges that when our companies import goods and services for us to export, it makes our products more expensive, not just for Americans, but when we try and compete," he said.

Republicans Know China Tariffs Are Bad Economic Policy, Americans for Prosperity President Says

May.14 -- Tim Phillips, president of Americans For Prosperity, talks about the United States preparing to impose new tariffs on China. He speaks with Bloomberg's David Westin on "Balance of Power."

President & CEO 'beyond freaked' over China tariff hikes

President and CEO of the American Apparel & Footwear Association Rick Helfenbein told CNN's Brooke Baldwin that he and others in the industry are "scared and panicked" over the escalating trade war between the US and China.
It's just weird that Trump assumes US domestic demand will remain the same when he slaps that 25% tariff on Chinese imports which US consumers will be paying for.

Maybe he thinks he needs to threaten to slap that 25% before the hard data on 10% becomes too obvious to obfuscate? Maybe the Chinese have gotten hard data on the 10% during the truce and decided there's no way Trump could survive if he did a 25% so the Chinese pulled out of the deal in the last minute?
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