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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US President Donald Trump and China's President Xi Jinping last met in Argentina in December on the sidelines of the G20 summit. Photo: AP

Trump-Xi trade war summit at G20 in Japan still up in the air as ‘conditions not right’, China adviser says

  • China’s president met his US counterpart in December in Argentina during a G20 summit which led to a three-month tariff truce which was then extended
  • The United States has since raised tariffs on US$200 billion of Chinese imports and threatened to impose sanctions on a further US$300 billion
Topic |   US-China trade war

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US President Donald Trump and China's President Xi Jinping last met in Argentina in December on the sidelines of the G20 summit. Photo: AP
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