Many Americans Don’t Have $400. China Tariffs Will Cost Them $831

The recent 25% tariffs imposed by the Trump administration on Chinese imports are not yet reflected in the price of consumer goods.

Once the effect filters down the commercial chain, higher prices for the American consumer are a certainty. Meanwhile, a Federal Reserve study showed that 40% of Americans don’t have $400 to cover an emergency expense.

How much will the tariffs cost American consumers? Let’s break it down.