NEW YORK -- Chinese manufacturers account for nearly 100% of U.S. imports of numerous consumer goods, meaning that President-elect Donald Trump's proposed tariffs would almost inevitably leave American consumers with no choice but to pay more, a Nikkei Asia analysis shows.
Trump, who takes office on Jan. 20 and has described tariffs as "the most beautiful word in the dictionary," has vowed to impose 25% levies on neighboring Mexico and Canada along with additional 10% duties on China as one of his first moves. During his election campaign, Trump had also threatened tariffs of up to 60% on Chinese goods -- a warning shot at the world's second-largest economy and U.S. archrival.
