US Consumers to be hit hard by The Devil's Chinese Tariffs (WSJ $PAYWALL$)

[CousinIT]

https://www.wsj.com/articles/u-s-consumers-poised-to-take-the-hit-from-higher-tariffs-on-imports-from-china-11557483679

WASHINGTON—The round of tariffs that went into effect at midnight will likely hit Americans in the pocketbook, making $40 billion of consumer goods on retailers’ shelves more expensive.

At 12:01 a.m. Eastern time, the Trump administration increased to 25% tariffs on Chinese-made furniture, handbags, clothing, Christmas decorations, fire alarms, laptops and mobile phones, among other things, striking the latest blow in the trade conflict between the U.S. and China.

[brewens]

1. If that happens, and I think it will, it will suck. As much as I'd hope this blows up on

Trump, it's hard to wish for. If it actually works out for him, I will be pissed off though. It's an opportunity he, or any other president should never have had. If our representatives had looked out for us all along, trade with China would never have gotten out of control.