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Home 2018 May 16 Trade War? 15 Things That Will Cost You More Under Trump’s Tariffs

Trade War? 15 Things That Will Cost You More Under Trump’s Tariffs

1. Clothes and shoes

While Trump’s proposed tariffs on goods from China spare apparel, they hit machinery such as textile printers and injection molders that American manufacturers use to make the clothes and shoes you buy.

“Tariffs on certain machinery will make American-made products more expensive,” Matthew Shay, president of the National Retail Federation, said in a statement reported by Bloomberg.

Such tariffs would “directly raise costs on domestic manufacturers and impact our ability to grow Made in USA,” the American Apparel & Footwear Association said.

May 16, 2018cleverfinance
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