How Trump's New Tariffs Will Affect Your Shopping

How Trump's New Tariffs Will Affect Your Shopping

Handbags and wigs could be in jeopardy.

Handbags and wigs could be in jeopardy.

Text: Tess Garcia

The Chinese apparel industry is the latest victim to take a hit from Donald Trump.

According to Bloomberg and Business of Fashion, the US Trade Representative has released a new round of proposed tariffs on Chinese goods. The proposal cites 200 pages of items with a value of $200 billion. The Trump administration says the tariffs arose in response to what they call China's "unfair trade practices."

What does all this jargon-y finance talk mean for consumers? The suggested tariffs would make it more expensive for US companies to outsource their products from China, decreasing the availability of much of what we buy. Handbags and human hair wigs are among specific products targeted, along with products from factories linked to Li & Fung Ltd., the largest supplier of consumer goods in the world (they source items for the likes of Macy's and Walmart). Put shortly, there could be a whole lot of empty space on American store shelves soon.

Though the US Trade Representative's office has said the tariffs could take effect after August 30, China responded today saying it would be forced to retaliate in response.

Credits: Image via The Atlantic

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