(Repeats story first published on Thursday)
By Nandita Bose, Lisa Baertlein and Trevor Hunnicutt
May 9 (Reuters) – It may take three or four months for American shoppers to feel the pinch from President Donald Trump’s latest round of tariff increases, but retailers will have little choice but to raise prices on a wide range of goods to cover the rising cost of imports before too long, according to economists and industry consultants.
The impact will not end there. Trump’s plan to lift tariffs on $200 billion of Chinese imports to 25 percent from 10 percent is almost certain to slow U.S. economic growth and, if they stay in place for an extended period, could cost hundreds of thousands of American jobs, one forecaster said.