How Much Is The Average American Family To Pay For Taxes?

In the US trade war, the two countries impose tariffs on each other, and American consumers will bear the ultimate cost. How much is this cost? The 20 report of BBC network in China takes sports shoes as an example to analyze the impact of tariff war on US consumers.

A great burden.

After US President Trump imported tariffs from China from 10% to 25%, it threatened to further expand the scope of levy duties.

Footwear Distributors and Retailers of America estimates that the price of sports shoes will increase from $150 to $206 under high tariffs.

There will be similar increases in the prices of other kinds of shoes.

For ordinary American families, this is not a small burden.

How big is the burden? Here's an extra expense for an American family to buy shoes.

If you live in the United States and buy new shoes for your kids, the shoes and footwear Dealers Association estimates that the price of new shoes will rise from $10 to $15.

If your daughter wants to buy a pair of new basketball shoes, the price will rise from $130 to $179.

Your husband or wife may also say that he wants to buy new boots for his birthday.

It will only cost $190 before the levy, but then it will rise to $249.

[extra cost to consumers]

Don't forget that if the United States really expands the scope of tariffs on imports from China, the goods affected will be far more than just shoes.

Household appliances, beef, frozen fruits and vegetables will all be affected.

The average selling price of washing machines has increased by 12%, while prices of driers and other related products have risen, according to a US University of Chicago study.

The price paid by US consumers in this round of Sino US trade friction may rise later.

American Apparel & Footwear Association estimates that if the Sino US trade friction is further escalated, the cost of a four person family will increase by about $500 a year in clothing, shoes and other related products.

The increase in the price of goods is due to the fact that when American companies import products from China, they need to pay extra duties to the US government. Some companies will choose to pfer these extra costs to consumers.

A study by Trade Partnership Worldwide also estimates that trade frictions between China and the United States increase the average annual expenditure of American households by $2300.

[serious] affects us retail business.

President Trump often said that if the company manufactured products in the United States, or moved the production lines to Vietnam, Indonesia and other countries that were not subject to tariffs, it would avoid the effect of tariffs.

Rick Helfenbein, chief executive of the American clothing and Footwear Association, believes that it's not easy.

Some companies are moving production lines to these places, but technology and technology are not so easy to pfer.

He disclosed that 72% of shoes, 84% accessories and 41% garments sold in the United States were made in China.

He said the US market was very dependent on China because it could not find other places to import the corresponding goods, and he described the US as "stuck in the market".

He said tariffs would seriously affect the US retail industry.

Andy Polk, a spokeswoman for the footwear and footwear Dealers Association of America, told BBC that the factories in the US would not manufacture shoes that could be imported from China, and even if they did, American manufacturing would be more expensive than imports from China.

He said that the retail price of hiking shoes made in the United States can reach US $300, and the price of running shoes will be $150 or even more expensive.

Pork also criticized Trump's tariff measures to reduce the company's capital for product innovation.

"Most of the companies have budgeted a few months ago, and Chinese factories are already making winter products, so we have started preparing for the 2020 winter budget."

"If companies have to spend more money to stay in their biggest market, then they will spend less money on product innovation, design and technology."