FIRST AIRED: June 27, 2018

Nice work! Enjoy the show!

×

You’re busy. We get it.

Stay on top of the news with our Editor’s Picks newsletter.

US Edition
Intl. Edition
Unsubscribe at any time. One click, it’s gone.

Thanks for signing up!

×

Transcript

00:00:01
>> Fearing a blowback in November, the White House is trying to keep American consumers out of its growing tit for tat trade war with Beijing. But that won't be easy. Starting next month, there's going to be some surprises for American shoppers, says Reuters Washington trade correspondent, David Lauder.
00:00:19
>> Some consumer items like motorcycles, mopeds, those electric scooters that you see all over streets of cities now? Those are all part of the initial round of tariffs. There's not a lot of cars that we import from China, but there are a couple of big name brands. The Buick Envision, which is a mid-sized SUV, as well as the Volvo S60 sedan.
00:00:46
>> Add to that list the popular Nest thermostats, sold by Alphabet's Google. These smart home devices are made in China, and will be subject to the 25% tariff. And this just the first round of tariffs. The second round, which could come by the end of the summer, will hit consumers in the wallet even more.
00:01:06
>> We found that electronic vaping devices, these are the e-cigarette devices that are very popular now, those are lumped into a category of miscellaneous electrical goods. It's about $1.1 billion, this category of miscellaneous electrical goods. $300 million worth of that is electronic vaping devices. There's another $16 million worth of musical instrument pedals.
00:01:33
These are the guitar effects pedals that your Jimmy Page, Guitar Heroes use to get that cranking guitar sound.>> Smartphones are largely left off the list. But if Trump goes ahead with his ultimate threat to slap duties to up to $450 billion on what the Chinese ship to the US, experts warned that everything from LED lamps to ceiling light fixtures, numerous electronic devices, and even the battery inside the Toyota Prius, will be hit.
00:02:05
Potentially leaving the American voter the eventual casualty of Trump's trade war.