More U.S. shoppers are noticing price increases for the products they buy regularly, and a majority of them plan to reexamine their shopping habits if U.S. tariffs on Chinese goods remain in place, according to a new survey.
Shopkick, the operator of a shopping rewards app, surveyed more than 30,000 of its users between 28 and 30 June, and found 44 percent of respondents planned to cut down on their shopping as a result of raised prices on consumer goods, the result of tariffs imposed by U.S. President Donald Trump on practically all Chinese goods, valued at more than USD 550 billion (EUR 495.6 billion) in annual trade.
At the beginning of August, Trump said he would seek to impose a 10 percent tariff on the remaining USD 300 billion (EUR 270 billion) in goods the U.S. imports from the world’s most populous country, after previous rounds of tariffs had been imposed on USD 250 billion (EUR 225.3 billion) worth of goods…
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