The End is Near.... according to NPR, Target, COSCO, Walmart, etc.
The White House pressed the tariff threat on Friday, even as Trump announced a new agreement aimed at boosting beef exports to Europe. A day earlier, Trump threatened to set a new 10% tariff on $300 billion worth of products imported from China.
Rising trade tensions prompted another sell-off on Wall Street on Friday. The Dow Jones Industrial Average closed down nearly 100 points, or 0.4%, recovering from steeper losses earlier in the day.
More than 40% of all the clothes sold in the United States are made in China, as are nearly 70% of the shoes and 88% of the toys.
Trump Ratchets Up U.S.-China Trade War With More Tariffs; Stocks Slide
These items have been largely untouched by the tariffs the president has already imposed on China over the past year. But they'll almost certainly be on the target list if additional tariffs are imposed Sept. 1.
Related: CNN - First on CNN Business: 600 companies including Walmart, Costco and Target warn Trump on tariffs