On September 24, 2018, the United States imposed US$200 billion of new tariffs on Chinese products as a result of the escalating trade war between the two countries. This is in addition to the US$50 billion worth of tariffs that already went into effect in August 2018. The results of these tariffs remain to be seen, but American consumers could very soon be paying more not only for big ticket items such as washing machines and cars but also for smaller everyday purchases such as clothing, beer, and cosmetics.
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