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Trade war casualty in US: cheap prices for everyday goods

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AFP
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ID: 
1532829204531571700
Sun, 2018-07-29 01:41

NEW YORK: The US economy may be roaring ahead, but American consumers face the prospect of paying more for everyday goods, due in part to trade tariffs.
Big companies reporting earnings over the last week or so described price hikes on everything from soda to airplane tickets to household paint and tools.
Some of the price hikes are still in the planning stages and not all companies are sure they will be able to make higher prices stick due to competitive pressures.

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