Consumers may not link tariffs and higher prices

Tracey Samuelson Sep 18, 2018

Consumers may not link tariffs and higher prices

Tracey Samuelson 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

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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