J.P. Morgan estimates the average annual tariff cost per household will be $1,000 with the new round of Trump's tariffs.
J.P. Morgan estimates the average American household will be down $1,000 per year thanks to the newest round of tariffs on Chinese goods.
Given the larger impact on the wallet of the U.S. consumer going in the 2020 election, Lakos-Bujas said the administration will likely rollback tariffs or compromise on a trade agreement.The average American household will be down $1,000 per year thanks to the newest round of tariffs on Chinese goods, according to J.P. Morgan.
"What distinguishes China Phase III tariffs from preceding tariffs is the impact to Consumption and Capital goods whereas previous tariffs focused more on Intermediate goods," said J.P. Morgan head of U.S. equity strategy Dubravko Lakos-Bujas said in a note to clients. "This suggests that the expected consumer impact should be larger in the latest round."
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