Trump’s latest round of tariffs will hit US consumers hard

Experts say Americans — who have been footing the bill for the president’s trade war — will be hit even harder this time around.

President Donald Trump’s latest round of tariffs went into effect Friday morning, targeting $200 billion worth of Chinese imports and raising duties from 10% to 25%.

Already, China has responded, expressing “deep regret over the development” and promising to enact “necessary countermeasures.”

Experts say the hike will likely hit American consumers harder this time around than in the past.

View the complete May 10 article by Melanie Schmitz on the ThinkProgress website here.