Price hikes undermine Trump’s China tariff bet 


Import impact: Two men sits across from a container ship docked at the Port of Los Angeles. Major US retailers haven’t yet raised the prices of goods on shelves. — Bloomberg

NEW YORK: Donald Trump says China will likely bear the brunt of his 145% tariff on the world’s second-largest economy.

But prices from some of the most popular sellers of made-in-China goods already suggest US shoppers will be paying a major portion of the bill.

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