While many economists expect the tariffs will push US consumer prices higher, US Treasury Secretary Steven Mnuchin told lawmakers this week that rising tariffs on Chinese imports will not lead to significant cost increases for US families. Photo: AFP

US tariffs on Chinese imports to cost American households US$831 a year, says research

  • Research published by the New York Federal Reserve Bank follows decision to raise duties on US$200 billion in Chinese goods from 10 per cent to 25 per cent
  • US President Donald Trump is facing growing political pressure over the trade war with China despite assurances from US Treasury Secretary Steven Mnuchin
Topic |   US-China trade war

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While many economists expect the tariffs will push US consumer prices higher, US Treasury Secretary Steven Mnuchin told lawmakers this week that rising tariffs on Chinese imports will not lead to significant cost increases for US families. Photo: AFP
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