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(单词翻译:双击或拖选)
NOEL KING, HOST:
The price of stuff, lots of stuff, from canoes to floor lamps to bicycles, went up literally1 overnight - last night, in fact. The Trump2 administration raised tariffs4 on $200 billion worth of imported Chinese products. The U.S. and China are in trade talks this week; but so far, no deal. NPR's Yuki Noguchi has the story.
YUKI NOGUCHI, BYLINE5: Jim Kittle's family furniture business has operated throughout Indiana for nearly nine decades.
JIM KITTLE: It was started by my grandfather, then my father.
NOGUCHI: What kinds of things do you carry on your shop floor?
KITTLE: Bedroom, dining room, living room, occasional tables...
NOGUCHI: Kittle's Furniture will have to reprice new shipments of all kinds of furniture, from nightstands to love seats. The new tariffs increased from 10 to 25%, raising the underlying6 cost of Chinese-made items.
What percent of the stuff that you have on the floor would you say is affected7 by the tariff3?
KITTLE: I think about 30%.
NOGUCHI: But much of the remaining 70% of goods are also affected.
KITTLE: Much like automobiles8, parts of those goods are produced offshore9, some in China.
NOGUCHI: Kittle's been through this before. Last September, a 10% tariff took effect. Back then, Kittle and his Chinese suppliers agreed to absorb most of that. The cost to consumers only increased 3%.
This time around, his suppliers can't afford to do that, and neither can Kittle or other retailers11.
KITTLE: The vendor12 is no longer going to be able to take anymore. The retailer10 is not going to be able to absorb it because right now, retailers are at best marginally profitable. And furniture is no different.
NOGUCHI: Existing tariffs are already making life more expensive. They've increased consumer costs by $1.4 billion a month, according to the Federal Reserve Bank of New York. To date, tariffs have largely affected raw materials, like chemicals and wooden beams used to make other products. New tariffs will affect a larger number of finished goods - things consumers actually buy, like bicycles.
Katheryn Russ is an economics professor at the University of California at Davis. She says the latest round of tariffs will add another $500 a year in costs for the average American household. And that could grow. President Trump has pledged to broaden tariffs even further to all Chinese imports, including big-ticket items.
KATHERYN RUSS: Once the tariff goes on to cellphones, I mean, then you're really going to see people scream.
NOGUCHI: Determining a sticker price will be a dilemma13 for Jim Kittle. How customers will react is not Kittle's only worry. Indiana's main industries include farming and carmakers. Those are dealing14 with retaliatory15 tariffs China imposed on American goods. So Kittle's customers are already squeezed.
KITTLE: If they don't have the money even to buy a tractor, they're probably not going to buy furniture.
NOGUCHI: That is indeed what's happening not far from one of Kittle's stores in Lafayette, Ind. Since China imposed tariffs last fall, farmer Brent Bible has nowhere to sell his soybean and corn crops. And that situation just got worse.
BRENT BIBLE: Just in the last three days of trading, we've seen the price reduction that equates16 to about a $50,000 loss for us.
NOGUCHI: Bible points out that he's also a consumer. And increased tariffs on steel and aluminum17 have raised prices on tractors and farm equipment he needs.
BIBLE: We are buying those products at an increased price, and we're paying that tariff.
NOGUCHI: As a supplier and as a consumer, he says, tariffs are hitting him on both ends.
Yuki Noguchi, NPR News, Washington.
(SOUNDBITE OF CLOUDKICKER'S "EXPLORE, BE CURIOUS")
1 literally | |
adv.照字面意义,逐字地;确实 | |
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2 trump | |
n.王牌,法宝;v.打出王牌,吹喇叭 | |
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3 tariff | |
n.关税,税率;(旅馆、饭店等)价目表,收费表 | |
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4 tariffs | |
关税制度; 关税( tariff的名词复数 ); 关税表; (旅馆或饭店等的)收费表; 量刑标准 | |
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5 byline | |
n.署名;v.署名 | |
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6 underlying | |
adj.在下面的,含蓄的,潜在的 | |
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7 affected | |
adj.不自然的,假装的 | |
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8 automobiles | |
n.汽车( automobile的名词复数 ) | |
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9 offshore | |
adj.海面的,吹向海面的;adv.向海面 | |
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10 retailer | |
n.零售商(人) | |
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11 retailers | |
零售商,零售店( retailer的名词复数 ) | |
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12 vendor | |
n.卖主;小贩 | |
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13 dilemma | |
n.困境,进退两难的局面 | |
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14 dealing | |
n.经商方法,待人态度 | |
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15 retaliatory | |
adj.报复的 | |
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16 equates | |
v.认为某事物(与另一事物)相等或相仿( equate的第三人称单数 );相当于;等于;把(一事物) 和(另一事物)等同看待 | |
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17 aluminum | |
n.(aluminium)铝 | |
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