Trump delays some tariffs fearing consumer impact

“Most of the tariffs up to now have been affecting business to business products, not business to consumer products. And even though that has increased cost for American companies they have been able to mitigate those costs instead of passing them on to consumers. But once tariffs are on absolutely everything that we import from China, which is what will be the case as of Dec. 15, and once they are covering consumer goods explicitly, it’s not going to be possible for companies to just keep absorbing all of the cost of that so this will be coming out of American pockets,” said Anna Ashton, Director of Business Advisory Services at the US-China Business Council.