President Donald Trump is reportedly looking to impose new tariffs on Chinese goods, which could cost American consumers.
That could mean higher prices on the consumer goods covered by the new tariffs, which would be bad news for shoppers, with the holiday season looming. The Washington Post reports things like refrigerators, televisions and toys could be affected.
In the past, China has responded to American tariffs with tariffs of its own, which have raised prices for U.S. farmers who export goods to the country. An announcement on the new tariffs could reportedly come as early as Monday.