Why Trump’s China tariffs are a ‘Category 5 price storm’ for U.S. consumers

President Trump has roiled markets with his sweeping raft of tariffs announced last week — and those he is threatening against China, in particular, could spell bad news for U.S. consumers, according to Wedbush analyst Dan Ives.

This week, Trump .css-8459s-OverridedLink.css-8459s-OverridedLink:any-link{-webkit-text-decoration:none;text-decoration:none;color:var(--color-interactiveLink010, interactiveLink010);border-bottom:1px solid;border-bottom-color:var(--color-interactiveLink010, interactiveLink010);}.



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S., has vowed to take more countermeasures in response to Trump’s threat. Speaking during a media briefing Tuesday, White House Press Secretary Karoline Leavitt said that the 104% tariff rate would go into effect at 12:01 a.

m. Eastern time Wednesday..