Trade War Will Hurt American Shoppers

May 21st, 2019

Trade War Will Hurt American Shoppers
(BISMARCK, ND) – Shoppers can expect to soon see higher prices on everyday items like soap and tissues as the latest round of tariffs will trickle down to consumers. American businesses have so far shouldered the burden of rising costs. Now, they are left with no choice but to pass on the 25 percent tariff to consumers.

Negotiations with China are still ongoing, setting American consumers up for burdensome price hikes this summer. China said they will raise tariffs on $60 billion in U.S. goods on June 1 in retaliation for the Administration’s decision last week to raise duties on Chinese goods.

Food products such as honey, peanut oil, and some alcoholic beverages will see immediate price increases. If you’re looking to do any home improvements, expect to see higher costs for bricks, panels, floor tiles and tools used for milling or drilling. That family camping trip is going to cost more as well, sleeping bags, rubber boots, and walking sticks will also see the effects of tariffs. Those who prefer to spend the summer days indoors will see price hikes for televisions, headphones and other audio equipment. In fact, experts are calling these tariffs one of the largest tax increases in 25 years.

That is just a sample of the 2,493 goods that will be subject to a staggering 25% tariff (or tax). “Across the board, consumers are in for a rough summer,” said Alison Jones, Communication Director for the North Dakota Democratic-NPL Party. “If this Administration truly understood the ‘Art of the Deal’, there could be an agreement with China in the works right now, but the inability to reach consensus will once again be paid for by the consumer. Instead of better deals, the GOP’s failed trade strategy makes them the party of higher taxes.”