Some companies are charging consumers more as the U.S.-China feud continues
As Trump’s trade war with China grows and the possibility of high tariffs on other countries lingers, companies have begun to pass costs on to consumers.
China, one of America’s largest trading partners, faces a minimum tariff rate of 145% on all exports to the U.S., the White House said Thursday. China responded Friday by raising its tariffs on American goods to 125%.
Trump paused high tariffs on other countries earlier this week, but others remain in place, including a 10% across-the-board tariff and a 25% tariff on imported steel, aluminum and vehicles.
Some businesses have notified shoppers of a « tariff surcharge », CBS News reported.
