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Locals Brace Wallets for Tariff Impact

Get ready to dig deeper into your wallet when you go shopping. The Trump administration has announced new tariffs on $200 billion worth of Chinese goods, and China is retaliating.

Posted: Sep 18, 2018 5:52 PM
Updated: Sep 19, 2018 11:10 AM

The Chinese government plans to impose tariffs on $60 billion worth of United States' goods.

The move is in response to the Trump Administration's U.S. tariffs on Chinese-made goods, which starts at a rate of 10 percent and is expected to go into effect Monday, Sept. 24. That rate is then expected to rise to 25 percent at the end of the year.

No surprise, local shoppers Action News Now spoke with were not happy.

"Our taxes are already pretty high," Kelly McDonald said. "Thinking of adding on to that is not something I'm looking forward to."

"Knowing a lot of farmers who are wondering how [the tariff] is going to impact our families, and our crops, we had a frost already," said Emily Spooner, a local almond farmer."We've not had the best year. So, I'm just hoping you know, our country is going to get stronger."

The U.S. tariffs will impact thousands of Chinese products, from electronics to food seasoning.

Now roughly half of the products that China sells to the U.S. yearly will be hit by American tariffs.

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