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Tariffs Are Coming for the Chinese Grocery Store

Tariffs Are Coming for the Chinese Grocery Store

U.S. consumers are feeling the effects of the 145% tax on goods imported from China as products such as clothes, appliances and groceries become more expensive. The tariffs are particularly challenging for Chinese grocery stores and their patrons. Supermarkets like the Hong Kong Supermarket in Manhattan, stocked with Chinese products, could soon see sharp price increases. As current inventory runs out and tariffs remain in place, store owners face tough choices including raising prices or seeking alternative suppliers.

Source: www.theatlantic.com –

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