Consumers could be collateral damage if US expands tariffs
WASHINGTON (AP) — For many Americans, President Donald Trump's trade war may soon get very real.
His administration is preparing to extend 25% tariffs to practically all Chinese imports not already hit with duties, including toys, sneakers, shirts, alarm clocks, toasters and coffeemakers. That's roughly $300 billion worth of products on top of the $250 billion targeted earlier.
"The administration's decision to announce a tax on every product coming from China puts America's entire economy at risk," the Retail Industry Leaders Association said in a statement. "Americans' entire shopping cart will get more expensive."
Trump's tariffs are meant to put pressure on China in trade negotiations. The two countries have held 11 rounds of talks over American allegations that China steals technology, forces foreign companies to hand over trade secrets and unfairly subsidizes its own companies in a push to challenge U.S. technological dominance.
The Office of the U.S. Trade Representative on Monday published a list of 3,805 products that could be hit for the first time with 25% tariffs. The list includes things like tuna, pacifiers, saw blades, flashlights, door chimes, billiard balls and golf carts. It excludes pharmaceuticals and rare-earth minerals used in electronics and batteries.
The agency will take public comments and hold a hearing on the proposed tariffs June 17.
In its earlier rounds of tariffs on Chinese products, the administration tried to limit the effect on American consumers by focusing on so-called intermediate goods — imported components that U.S. companies use to make finished products.
That is about to change. Companies are already bracing for the fallout.
E-Blox, an educational toy company in Buffalo Grove, Illinois, imports toys from China and...