Wall Street Journal - Trump Administration Goes Ahead With New Tariffs on Chinese Products
Myron Brilliant, head of international affairs at the U.S. Chamber of Commerce, said that the president was using the wrong tactic to take on unfair Chinese trade practices. “The tariffs—import taxes by any other name—are or will cost every American household between $600 and $1,000 by the end of the year.”
Previous tariffs on Chinese imports are costing the average U.S. household $831 a year through higher prices and reduced economic efficiency, according to a May paper published by the Federal Reserve Bank of New York.
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