business

Retailers, shoppers could feel more pain if tariffs spread

3 Comments
By ANNE D'INNOCENZIO

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Check out the picture!

Rows and rows of boxed plastic that will become landfill within the year.

Who will miss that?

1 ( +1 / -0 )

America, wake up. Talk is not enough, hard cash is.

0 ( +0 / -0 )

The Chinese government has since April 2018 maneuvered to reduce the value of the Chinese currency, RMB, by approximately 9.5%, from around USD1: RMB6.3 to USD1: RMB6.9, which pretty much off-set the 10% tariff, meaning US importers do not have to increase their retail prices by as much as 10%.

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