White House trade adviser Peter Navarro said on CNN's "State of the Union" Sunday that tariffs on Chinese goods are not hurting consumers in the United States, despite reports to the contrary from researchers at Harvard, the University of Chicago, the International Monetary Fund, the Federal Reserve of Boston and more.
Despite President Trump's reprieve until Dec. 15 for some China tariffs, $33 billion in apparel, shoes and hats are among items subject to a 10% tariff on Chinese imports beginning Sept. 1, the Wall Street Journal reports.
Why it matters: Previous rounds of tariffs have mostly gone unnoticed by American consumers, since they mainly affected telecommunications equipment, metal alloys and mechanical devices, says the WSJ.
