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US prices on travel goods and toys will go way up, thanks to the China tariffs

Marc Bain
US prices on travel goods and toys will go way up, thanks to the China tariffs

Ever since Donald Trump instructed the US trade representative’s office to start the process of raising tariffs on “essentially all” Chinese imports, American retailers have been in a panic. Companies that sell everything from toys to TVs to travel goods—a category that includes luggage, backpacks, handbags, and other products you carry stuff in—depend on China to make a large share of their merchandise. The trade group representing the US retail industry, the National Retail Federation (NRF), set out to estimate how Trump’s China tariffs would affect prices and spending for a variety of consumer goods.