Some winners and losers from latest round of tariffs

President Donald Trump set the world’s two largest economies on course for an all-out trade war, unleashing a list of $200 billion of Chinese products set for tariffs just as the holiday shop- ping season begins.

A 10 percent duty will be slapped on everyday items including handbags and fur- niture to fish and dried fruit starting next Monday and will increase to 25 percent in 2019. China announced hours later that it plans to retaliate with levies on $60 billion worth of U.S. goods. That may open the door to deepen the standoff, with the U.S. president threatening levies on $267 bil- lion more — nearly everything else China exports to the U.S. — if Beijing coun- terstrikes.

Manufacturers, retailers and business groups have been lobbying for weeks to escape the final list of prod- ucts set for duties. Here are some winners and losers:

LOSERS

Consumers: Trump’s new list of levies covers every corner of the home: soaps and shampoos, hand tools and furniture, leather goods and handbags, refrigerators and vacuum cleaners, and plates and cups, to name a few. Many of the products are staples found in nearly every American household, and are likely to become more expensive. Even the lights on the Christmas tree won’t escape a price hike if they’re made in China.

Retailers from luggage maker Samsonite Interna- tional SA to handbag seller Steven Madden Ltd. have said they will be forced to raise prices for American buyers. The National Retail Federation warned that tariffs will lead to higher prices and even shortages.

Cyclists: Pretty much every part of a bicycle, from saddles and spokes to tubes and frames, features on this latest tariffs list, even after the industry went into overdrive to get relief. About 10 percent of the 6,100 com- ments the U.S. Trade Representative received during the public consultation period were about bikes. China accounted for nearly all of the 15.4 million bikes the U.S. imported last year, according to Giant Manufacturing Co. It told the USTR that a 25 percent tariff would cost more than $250 million, and Americans would “inevitably” foot the bill.

Foodies: While caviar might be associated with Russia, some of the world’s best comes from China. It’s served in fancy restaurants across the U.S., including Eric Ripert’s Le Bernardin. Fans of tilapia, mussels, catfish, cod and roe will likely have to fork out more, as well as those who snack on almonds and macadamia nuts. For those needing a fish fix, frozen cod fillets were left off the final list.

Boaters, yachters: The made-in-China inflatable rubber boats that get puffed up for summer vacations won’t be so cheap anymore. If you prefer a yacht, motorboat, sailboat or just a canoe, the Chinese vari- ants will probably become pricier, too.

WINNERS

Ap p le: Although the Trump administration has been careful not to tax consumer favorites like Chinese-made iPhones, some other Apple products were on the USTR’s original $200 billion list proposed in July. The White House spared the category of products that includes the Apple Watch, according to the U.S. Trade Representative office. The tech giant’s AirPods got a reprieve, too, as did fitness trackers from Fitbit Inc.

Parents: Trump’s admin- istration excluded big-ticket children’s items including car seats, high chairs and playpens from the final list. Target Corp. and Graco Children’s Products Inc., part of the baby division of Carl Icahn-backed Newell Brands Inc., were among the companies that lobbied against fresh tariffs. Annual revenue for the U.S. durable baby-goods industry is expected to reach $10.2 billion in 2022.

Anyone in pain: Got a headache from those higher prices? Find relief knowing the U.S. has at least dropped the painkiller ibuprofen from proposed levies. China is a major supplier of the generic ingredient, which is in short supply for some manufacturers following a technical failure that forced the Texas plant shutdown of producer BASF SE. LNK International Inc., a Hauppauge, New Yorkbased manufacturer of store brands for Walgreens, CVS and Walmart, has no option but to buy from Chinese producers, Chief Executive Officer Joseph Mollica said.

Hospital suppliers: Medical gloves and bed sheets were scrubbed from Trump’s duty list, a victory for groups such as the Health Industry Distributors Association. Because medical-surgical distributors typically operate on margins of 2 percent, a big new tariff “could potentially cripple these businesses,” according to a letter to the USTR from health-care associations.

Antique collectors: Hoarders of Chinese artifacts more than a century old won a reprieve from Trump’s duties. The U.S. imported $1.81 billion of artwork, antiques, stamps and other memorabilia in 2017.

And ... men with mustaches: Put the shaver down. Animal bristles from boars, hogs and badgers used by mustache and beard groomers were spared the chop.