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Retailers including Walmart warned the trade war will cost U.S. households — JPMorgan says it already is

JPMorgan analysts say the cost of tariffs on Chinese goods could rise from the $600 it’s already imposing on U.S. households, buttressing the warnings from retailers like Walmart Inc. and Target Corp.

JPMorgan says tariffs that are already in place are also having an impact on company profits.

If the Trump administration imposes 25% tariffs on additional Chinese goods as well as tariffs on goods from Mexico, the impact on companies and families will be felt even more deeply. The move could cost U.S. households up to about $2,500 per year.

“We believe the next round of tariffs that the Trump administration is threatening – Mexico 5% and China Phase III – could substantially increase the risk of pushing the U.S.

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