Of the $200bn worth of Chinese imports now subject to 25 per cent tariffs as of May 10, roughly 40 per cent of those products are consumer goods like furniture, electrical equipment and apparel, according to the USTR.
US President Donald Trump has long said it is China, not the US, who will pay for the ongoing trade war. But as tensions flare-up, it has become increasingly clear that much of the burden is falling on consumers stateside.
Of the $200bn worth of Chinese imports now subject to 25 per cent tariffs as of May 10, roughly 40 per cent of those products are consumer goods like furniture, electrical equipment and apparel, according to the USTR.
Chinese officials have threatened another round of their own, which Cesar Rojas and Catherine Mann of Citi say will set in motion the US slapping tariffs on the remaining approximately $300bn of imports not yet subject to additional duties.
Click here to go to the full article: Who's paying for the US-China trade war
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