Here are five things you should know about the newest round of tariffs:
The new tariffs will hit consumer goods, including some big holiday retail items.
Until now, the Trump administration has tried to shield consumers from the effects of tariffs by focusing mostly on intermediate goods, which businesses buy to make their finished products. The upcoming round of tariffs cuts directly into consumer products, meaning people will start to see an increase in their bills.
View the complete August 30 article by Niv Elis and Sylvan Lane on The Hill website here.