Trump’s newest China tariffs just kicked in — and JPMorgan says they could cost American shoppers an extra $1,000 a year

• American shoppers could face $1,000 in extra costs a year thanks to the latest set of US tariffs on Chinese goods, JPMorgan says.
• The Trump administration slapped tariffs on $112 billion worth of Chinese goods on Sunday, and plans to impose duties on another $160 billion in mid-December.

Source: Trump’s newest China tariffs just kicked in — and JPMorgan says they could cost American shoppers an extra $1,000 a year