The US decision to impose tariff on an additional $200 billion worth of imports from China is expected to hurt American consumers, workers and businesses resulting in inflationary costs throughout the supply chain, ultimately paid for by American consumers. The list includes numerous textile, accessory, and travel goods products such as handbags, hats, and textiles on this additional list of products that will directly impact the American apparel and footwear industry and its retail partners.

More than 84 per cent of US travel goods come from China. The United States may ultimately target over $500 billion worth of Chinese goods, or roughly the total amount that the United States imported from China last year. The US has railed against China for intellectual property theft and barriers to entry for US businesses and a 375 billion dollars US trade deficit with China.

The dispute has roiled financial markets including stocks, currencies and the global trade of commodities from soybeans to coal in recent weeks. While the initial volley of tariffs is not expected to have a major immediate economic impact, the fear is that a prolonged battle would disrupt makers and importers of affected goods in a blow to global trade, investment and growth.