The Trump consumer tax could be permanent for many products

On Sept. 24, 5,745 goods imported to the U.S. from China will be hit with a 10% tax. Unlike previous tariffs, many of these items are things that are directly sold to consumers instead of raw materials, like luggage and seafood. By the end of the year, the tax on imports will rise to 25%.

Though analysts have speculated that some companies will choose not to pass on price hikes to consumers, instead taking a hit in margin to perhaps gain more market share, consumers are expected to foot the bill — not companies, and certainly not China.

Ethan Wolff-Mann | Yahoo Finance

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