news 4 days ago

20 products you buy that could be hit with tariffs

Chicago Tribune — By Mary Ellen Podmolik Chicago Tribune

July 12-- Kids who take up baseball or softball as well as anyone remodeling their kitchen, dealing with a flat bicycle tire or getting a dog could be caught in the crosshairs of the Trump administration's latest salvo in the global trade war.

On Tuesday, the White House announced plans to impose a 10 percent tariff on $200 billion of Chinese goods after a public comment period. That means the tariffs could take effect sometime after Aug. 30, a month before U.S. retailers, many of them struggling, start the all-important fourth quarter leading up to the holiday shopping season.

This latest announcement of tariffs-essentially taxes charged on goods coming into the country-follows steep tariffs already announced on imported goods like washing machines and solar panels in January, and tariffs on $34 billion of Chinese exports earlier this month. China retaliated with its own list of tariffs on $34 billion of U.S. goods.

But unlike the earlier actions by the U.S. and China-which hit manufacturers and most notably in Illinois, soybean farmers, particularly hard-the latest effort takes direct aim at plenty of food products and finished consumer goods. Unless manufacturers or retailers are willing to swallow the extra costs themselves, they'll be passed along to shoppers in the form of higher prices. A case in point: Shortly after the U.S. imposed tariffs on imported washing machines, South Korea's LG Electronics said it would raise prices on most front- and top-loading washing machines sold in the U.S. by 4 to 8 percent.

The new list of more 6,031 items that could be subject to a tariff fills 194 pages. Here are 20 common consumer products on the list:

_Seafood, including some types of tilapia, cod, haddock, trout, salmon and swordfish.

_Dog leashes, muzzles and collars.

_Handbags.

_Luggage.

_Inner tubes for cars and bicycles.

_Pneumatic tires for buses, trucks, cars, motorcycles and bicycles.

_Bicycle speedometers.

_Vinyl floor tile.

_Plastic ponchos costing less than $10.

_Perfume.

_Golf bags of leather or composite leather.

_Baseball and softball mitts and batting gloves.

_Artificial fire logs.

_Furniture.

_Carpets.

_Stainless steel sinks.

_Window and wall air-conditioning units.

_Refrigerators and freezers.

_Buttons.

_Toilet paper.

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