Trade war: US consumers to pay $12.2 bn more for apparel, footwear and toys

Trump and Chinese President Xi Jinping are to meet on the sidelines of the Group of 20 meeting in Japan at the end of next week to discuss the trade issues

If the United States does impose tariffs on another $300 billion worth of Chinese goods, it would cost U.S. consumers $12.2 billion more for apparel, footwear, toys and household appliances each year, the National Retail Federation (NRF) said on Friday.

The tariffs would result in consumers paying another $4.4 billion on apparel, $2.5 billion on footwear, $3.7 billion for toys and $1.6 billion for household appliances, the retail trade group said, based on a study it had commissioned.

"It would be impossible for all market participants in our industry to simultaneously move sourcing to other countries. The capacity does not exist," David