How Does Sino US Trade War Affect The US? The US Business Community Laments The "Heavy Hammer".

Clothing, furniture, electronics...

As the United States insists on imposing tariffs on Chinese exports to the United States, the prices of these necessities have risen in the United States, and WAL-MART, Messi and other business giants have warned consumers that they will be hit.

Minnesota business circles lamented the "heavy hammer" and shouted Trump not to "bluff".

According to the US Cbs Broadcasting Inc (CBS), tariffs will increase thousands of products in the United States.

WAL-MART, the world's largest retailer, warned 16, if the United States imposed tariffs on Chinese imports, American consumers would be hit by rising prices.

From shampoo, bike to shoes, food...

The prices of all essential necessities of life will go up.

Messi, the US Department Store (Macy's), issued a similar warning on the 15 th. Chief executive Genet (JeffGennette) warned investors that the US tariffs on Chinese imports will impact the furniture industry, and will also affect the clothing and accessories industry.

Genet said, "if the United States adds fourth tariffs to all Chinese imports, it will affect our private and national brands".

According to StarTribune, the largest newspaper in Minnesota, GoldmanSachs reported that the price of clothing, electronics, medical equipment, household appliances, furniture, bedding, flooring and auto parts increased by more than inflation.

TimKehoe, a trade expert at University of Minnesota, said that if Trump continues to implement the tax plan, the prices of these commodities will jump again. "Americans will pay more for customs duties."

Not only American economists warn that the risk of consumer pocketbooks is even higher, but business leaders in Minnesota also lament, "we will suffer heavy hammering again."

Reported that Minnesota in 2018 imported about 12 billion 400 million U.S. dollars of Chinese components and products, more than from other countries, but now faced with the United States market is increasingly low degree of freedom.

Minnesota business cooperation organization, which brings together CEO, a large state enterprise, believes that the financial consequences of tariffs are terrible for their companies and for the vast number of American consumers.

Executive director Charlie Weaver (CharlieWeaver) even shouted to Trump, "this is not like the president's customary New York real estate paction, which can casually roar and bluff."

For companies such as snowmobile motorcycles and all terrain vehicles manufacturers such as Polaris industry (PolarisIndustries), the crash is even "devastating".

The company used many Chinese parts in its products and was worried that tariffs could take away 1/3 of their net income, so they could only raise the price of finished products.

In a statement, the US Retail Federation (NationalRetailFederation) said that tariff increases meant "lower wages, fewer jobs, delayed investments and higher consumer prices, and small businesses bear the brunt."