While campaigning for president, Donald Trump said he would impose a 60% tariff on products from China, America’s leading foreign supplier, and other tariffs as high as 20% on all U.S. imports, actions that retailers say will hurt U.S. consumers.
Trump has said the tariffs—taxes on imported goods that make them more expensive to import and later sell—will help stop what he’s called unfair trade practices by China. They will also increase manufacturing employment in the U.S., Trump says.
Trump has said foreign countries would pay the tariffs. However, retailers and economists say it’s American shoppers who will end up paying more.
