Trump's Tariffs Threaten Retail Prices

This is a China news story, published by CBS News, that relates primarily to NRF news.

China news

For more China news, you can click here:

more China news

consumer & retail news

For more consumer & retail news, you can click here:

more consumer & retail news

CBS News news

For more news from CBS News, you can click here:

more news from CBS News

About the Otherweb

Otherweb, Inc is a public benefit corporation, dedicated to improving the quality of news people consume. We are non-partisan, junk-free, and ad-free. We use artificial intelligence (AI) to remove junk from your news feed, and allow you to select the best business news, entertainment news, world news, and much more. If you like consumer & retail news, you might also like this article about

tariff costs

. We are dedicated to bringing you the highest-quality news, junk-free and ad-free, about your favorite topics. Please come every day to read the latest new tariffs news, additional tariffs news, consumer & retail news, and other high-quality news about any topic that interests you. We are working hard to create the best news aggregator on the web, and to put you in control of your news feed - whether you choose to read the latest news through our website, our news app, or our daily newsletter - all free!

tariffs

CBS News

•

Trump's win could lead companies to push up prices. Here's why.

Summary

Nutrition label

88% Informative

Americans stand to lose between $46 billion and $78 billion in spending power each year , the NRF says.

A $ 40 toaster oven would retail for $48 to $52 after the tariffs, the group says.

Trump has said he plans to impose a 60% tax on goods from China and a 10% to 20% levy on all of the $3 trillion in foreign goods the U.S. imports annually .

VR Score

Informative language

Neutral language

Article tone

formal

Language

English

Language complexity

Offensive language

not offensive

Hate speech

not hateful