rpt-sticker shock from trump's new trade tariffs months away - personal care electronics

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Repeated stories first published on Thursday)
Nandita Bose, Lisa baertlin and Trevor Hunnicutt (May 9 (Reuters)-
S. shoppers may take three or four months to feel the pressure from President Donald Trump's latest round of tariff hikes, but, according to economists and industry advisers, retailers have no choice, only the prices of various commodities can be raised to make up for the increase in import costs.
The impact will not end.
Trump plans to raise tariffs on $200 billion of Chinese imports from 25% to 10%, which will almost certainly slow US imports. S.
Economic growth, if they stay where they are for a long time, could lose thousands of American jobs, one forecasters said.
Trump is angry that China has violated previously agreed content in recent trade talks between the two countries, ordering new taxes to take effect from 12: 01 in the morning. m. EDT (0401 GMT)
After that, the goods will leave the Chinese port on Friday.
The new tariff will affect nearly 6,000 products, including many consumer goods such as personal care products such as furniture, handbags, electronics, clothing, perfumes and shampoo, luggage, sheets and grains.
Tariffs could cost the average cost of the United States. S.
According to a study by trade partnership, an international trade consultancy, the family is estimated to have $767 a year.
According to Oxford economic forecasts, they could lead to the loss of 200,000 jobs by the end of 2020. So far, U. S.
Retailers have responded to tariffs by absorbing some of the costs, convincing their Chinese suppliers to reduce costs, spreading the extra costs to many products to minimize the impact, or import more goods before the first round of tariffs takes effect.
But a 25% increase will make it more difficult to find new ways to absorb costs, forcing most retailers to pass on costs to consumers.
Price tags in stores and online are not immediately affected. The lead time -
Between orders negotiated with suppliers, orders are manufactured and shipped to the United StatesS.
Delivery of port and retail shelves
For now, this will ease the pain of consumers.
"There's at least one 90-to-120-day lead time. . .
So, three to four months before any new pricing comes into effect, "said Brian Ehrig, general manager of Kurt Salmon, Accenture Retail Consulting, who advises apparel and footwear retailers.
Kent International's chief executive, Arnold Kamler, imports about 200 containers a week from China at this time of year, selling 80 to 200 at major retailers such as Wal-Mart.
"We want to raise prices immediately," he said . " But Kent's key retail partners have policies to prevent this from happening.
He said most major retailers need about 60 days of new prices through their system.
"If the price passes, we need to raise the price within 60 to 90 days," Kamler said . " He added that the company had less than two months in stock at hand.
Sheryl Mosey, owner of Philadelphia
Headquartered in MinkeeBlue, selling work and travel handbags for women on websites such as Amazon.
Com Inc. said that, in addition to the 25% tariff increase last year, her company could not absorb the new 10% tariff, which in itself increased the existing 17 tariffs.
6% tariff on artificial leather used to make her bag.
Just a few days before Trump announced plans to raise the tariff rate to 1,500, Mosee ordered 25% bags from China, saying she plans to "slightly" increase the price of the new bag a little, the new bag is scheduled to arrive in early July.
The National Retail Federation says tariffs in China will burden thousands of businesses across the country.
Other institutions such as the trade group and the Association of Retail leaders have repeatedly said that tariffs are taxes paid by the US government. S.
Businesses and consumers, not China.
So far, Trump's tax on goods from China is only a temporary signal for the United States. S.
According to Oxford Economics, the economic growth rate for the whole year of 2019 is estimated to be 10 percentage points.
Goldman Sachs said it would raise tariffs on $200 billion of imported goods to 25%, expanding the impact to three times --
A tenth of a percentage point from the United StatesS.
The growth rate predicted by many economists is about 2.
2% of this year
Many still hope that a resolution can be reached.
Lauren Goodwin, portfolio strategist at New York Life Investment, said she expected the result to prevent long-term full tariffs.
It will take six to nine months for the tariffs themselves to fully affect prices, she said. (
Nandita Bose in Washington, Lisa Baertlein in Los Angeles, and Trevor Hunnicutt in New York;
Editor Dan Burns and Bill Rigby)