Advertisement
New Zealand markets open in 5 hours 50 minutes
  • NZX 50

    11,836.04
    -39.31 (-0.33%)
     
  • NZD/USD

    0.5918
    -0.0002 (-0.03%)
     
  • ALL ORDS

    7,898.90
    +37.90 (+0.48%)
     
  • OIL

    82.72
    +0.03 (+0.04%)
     
  • GOLD

    2,400.10
    +11.70 (+0.49%)
     

How Much Could the Trade War Cost US Consumers?

How Much Could the Trade War Cost US Consumers?

The Trump administration has imposed tariffs on billions of dollars of Chinese goods and proposed tariffs of much higher magnitude as well. At one point in time, President Trump threatened to impose tariffs on all Chinese imports. Along with the China-specific tariffs, we also have the Section 232 tariffs that are more broad-based and cover the entire world with a few exemptions.