Fast fashion, laptops and toys are likely to cost more due to US tariffs on Chinese imports
- An additional 10% tariff on all Chinese goods took effect on Tuesday, following President Donald Trump's agreement to pause tariffs against Mexico and Canada for 30 days.
- Consumers may see prices rise on inexpensive items, including clothing, shoes, and kitchen goods, due to the new tariffs.
- Approximately 35% to 40% of PacSun's garments are made in China, prompting the chain to diversify suppliers to other countries.
- Greg Ahearn, President and CEO of The Toy Association, believes toy companies sourcing from China will absorb the new tariff costs in the short term.
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Total News Sources0
Leaning Left9Leaning Right0Center5Last UpdatedBias Distribution64% Left
Bias Distribution
- 64% of the sources lean Left
L 64%
C 36%
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