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1.Market Observations, 8.Was Sticky

3 Sept 2019 (AFR) – In escalating trade war, US consumers may see higher prices

(3 September 2019, AFR, p13, Christopher Rugaber)

Washington | The United States and China on Sunday put in place their latest tariff increases on each other’s goods, potentially raising prices Americans pay for some clothes, shoes, sporting goods and other consumer items before the holiday shopping season. President Donald Trump said US-China trade talks were still on for September. “We’ll see what happens,” he told reporters as he returned to the White House from the Camp David presidential retreat. “But we can’t allow China to rip us off any more as a country.” The 15 per cent US taxes apply to…’

Read more at AFR.com (might need AFR login, or try: AFR.com/trial)

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