How tariffs on China are making the holiday season less merry for shoppers
Summary
Tariffs on goods from China could make holiday shopping more expensive for people in the U.S. An analysis suggests these tariffs might have added $28 billion to consumer costs, affecting the holiday season spending.Key Facts
- Tariffs are extra taxes on goods imported from other countries.
- President Trump's tariffs could raise consumer costs by $28 billion.
- This increase equals about $130 more per shopper.
- The information comes from a study by Lending Tree.
- This impact is discussed with Nathan Gordon, who runs Christmas Central, an online retail store.
- Tariffs affect the cost of imported goods, including holiday items.
- The increase in costs may make holiday shopping more expensive for consumers.
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