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Trump's Chinese Tariffs Means It'll Cost Americans $1000 More A Year Just To Live

Video credit: Wochit News
Published on September 2, 2019 - Duration: 00:46s

Trump's Chinese Tariffs Means It'll Cost Americans $1000 More A Year Just To Live

JPMorgan Chase analysts say the latest set of US tariffs on Chinese goods could cost American shoppers an extra $1,000 a year.

According to Markets Insider, the Trump administration slapped tariffs on $112 billion worth of Chinese goods on Sunday.

It also plans to impose duties on another $160 billion in mid-December.

Footwear, apparel, and consumer electronics such as Apple Watches are now subject to 15% tariffs.

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