Moneymoney

Wed Jul 11, 2018, 07:42 PM

From Bedroom to Garage, Trade War Is Invading the American Home

•Trump issues list of proposed levies on $200 billion of goods
•New tariffs could add costs to every room in American homes

By Bruce Einhorn and Angus Whitley
July 11, 2018, 6:49 AM EDT

Trump’s initial tariffs on $34 billion of Made-in-China goods, which took effect on July 6, stayed clear of popular household products. But as he looks to penalize nearly half of the $505 billion the U.S. imported from China last year, it’s getting harder to shield the public.

His plan to impose a 10 percent tax on $200 billion of China-made products threatens to give U.S. consumers a bruising in every corner of the home. The tariffs may go into effect after public consultations end on Aug. 30.

Dining Room

Tilapia from China for sale at a Chicago market.Photographer: Tim Boyle/Getty Images

Feeding time is set to become dearer. Knives and forks and other essentials would be taxed, while Chinese tilapia -- a popular item sold by Walmart Inc. and other retailers -- is among the seafood on the list. Washing it all down with apple juice or some Chinese wine will cost an extra 10 percent, too.

Kitchen

Whether it’s whizzing up a smoothie or cooking for the family, preparing dinner may get pricier. Refrigerators and freezers are among Made-in-China appliances being targeted. And the ingredients Trump wants to tax read like a stir-fry recipe: abalone, sea urchins, garlic, bamboo shoots and dried mushrooms, not to mention monosodium glutamate, the flavor-enhancer commonly known as MSG. Don’t forget the chopping knife: it’s on Trump’s to-tax list, too.


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https://www.bloomberg.com/news/articles/2018-07-11/from-bedroom-to-garage-trump-s-trade-war-is-invading-your-home

12 replies, 179 views

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Response to RCW2014 (Original post)

Wed Jul 11, 2018, 08:39 PM

1. Not saying I do not purchase Chinese products,

however, I have gone out of my way not to for a long time.

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Response to RCW2014 (Original post)

Wed Jul 11, 2018, 09:36 PM

2. Sorry, RC. No Blue Wave for you. No one will notice this.

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Response to Da Mannn (Reply #2)

Wed Jul 11, 2018, 09:44 PM

3. Oh but this is going to be the MSM meme from now until Nov., entertaining 4 month ride

to the November elections.

Enjoy the ride!!!

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Response to RCW2014 (Reply #3)

Wed Jul 11, 2018, 09:52 PM

4. If only people watched the MSM. Too bad.

no one trusts the media anymore.

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Response to Da Mannn (Reply #4)

Wed Jul 11, 2018, 09:56 PM

6. Oh but they do and they start watching their evening newscast starting right after

Labor Day and the kids are back in school.

90 second segments, that is what they will hear...

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Response to RCW2014 (Reply #6)

Wed Jul 11, 2018, 10:26 PM

7. the MSM sure helped a lot in 2016....NOT

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Response to Da Mannn (Reply #7)

Wed Jul 11, 2018, 10:31 PM

8. Actually they did and they voted accordingly. "IT" the creepy clown could have beaten

Hillary so stop with the delusions of Trump winning with overwhelming popularity and support.

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Response to RCW2014 (Reply #8)

Wed Jul 11, 2018, 10:35 PM

9. "Trump winning with overwhelming popularity and support."

That's what he's doing right now.

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Response to RCW2014 (Original post)

Wed Jul 11, 2018, 09:53 PM

5. ''while Chinese tilapia''...good luck to whomever eats that toxic shit.

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Response to RCW2014 (Original post)

Thu Jul 12, 2018, 03:36 PM

10. The industrial side of manufacturing will take a hit.

Chemicals, plastics, material coatings, paint, all have components that will cost more.

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Response to uncledad (Reply #10)

Thu Jul 12, 2018, 03:49 PM

11. Oh tut, tut. Lil Donny "2-scoops" will wag his magic finger and everything will be alright...

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Response to RCW2014 (Reply #11)

Thu Jul 12, 2018, 03:57 PM

12. The Walton's will be beating the congress critters with malice and afore thought.

Watching the backstabbing play out in real time will be fun.

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