U.S. pet owners could soon feel the impact of America's intensifying trade war with China deep down in their pockets.
Earlier this month, President Donald Trump imposed a 25% tariff on $200 billion worth of Chinese goods. And China's Finance Ministry responded by placing a tariff on $60 billion worth of U.S. goods, starting in June.
Now it's things like pet food and goldfish -- which are currently available for as low as $1 -- that could soon cost more because they are frequently imported to U.S. pet store suppliers directly from China. "In the short term, we'll have to bite the bullet on this," said Joe Hiduke, a sales manager in Plant City, Florida at 5D Tropical Inc., which imports thousands of exotic fish species from China."We'll eventually have to sit down and talk with the major pet store chains and say, ‘hey we can no longer supply what you're used to buying from us at the price you used to pay us.
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