How Trump's latest China tariffs could squeeze US consumers

WASHINGTON (AP) — The latest batch of tariffs that President Donald Trump plans to impose on Chinese goods would likely cost U.S. households an average of $200 a year, some economists have estimated.

That would come on top of the roughly $831 imposed per household from Trump's existing tariffs, according to a New York Federal Reserve analysis.

Trump plans to tax $300 billion of Chinese imports at 10% starting in September with the goal of accelerating trade talks with Beijing to favor the United States. The new tariffs would be in addition to 25% tariffs Trump has imposed on $250 billion in Chinese products. Those are mostly industrial goods. By contrast, the new tariffs would target products used by American consumers such as shoes, clothing and cellphones.

By Friday, Trump's new planned tariffs had triggered worries, especially among retailers, about the consequences. Retail stores, many of which have been struggling, would have to make the painful choice of either absorbing the higher costs from the new tariffs or imposing them on price-conscious customers.

Additionally, China has signaled the likelihood of imposing counter-tariffs on U.S. goods, which would hurt American exporters. The stock market sold off sharply on Friday, in part over concerns about the effect on corporate profits.

Some economists have estimated that Trump's additional tariffs would cost an average U.S. household $200 a year. For retailers already feeling pressure, the higher prices would hit hard as the critically important holiday shopping season is getting underway.

Some companies are considering moving up their delivery of goods before the new tariffs take effect. Isaac Larian, CEO of Los Angeles-based MGA Entertainment, which makes the popular L.O.L. doll, said the company will be...