If you’re an American who likes wearing Victoria’s Secret bras, Guess jeans or Nike shoes, chances are you’ll feel the impact of the $50 billion in tariffs that President Donald Trump is expected to unleash on Chinese imports. A vast amount of items used by American consumers — from Under Armour leggings to Bath & Body Works shower gel and Samsonite luggage — are sourced from Chinese- or Hong Kong-based companies and factories, fueling the $450 billion in Chinese goods imported to America annually.
Comment on Lovers of lingerie, luggage in U.S. may feel tariff pinch
Bloomberg News, Bloomberg News, The Columbian
Sat, 03/24/2018 - 6:05am
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