"It's really crazy," Executive Director Carl Bonham said.

According to State economist Carl Bonham, President Trump's latest negotiation threat to China is also "extremely complicated."

To simplify it, Bonham says consumers have to spend more money for goods.

Bonham says families of four can expect to pay an extra $700 to $800 more on goods per year if the President imposes his latest tariff threat.

On Sunday the President tweeted he would raise tariffs from 10% to 25% on $200 billion of Chinese goods by the end of the week.

"In the very short run, it has significant repercussions on all of us and particularly on businesses involved in the trade," Bonham said. 

The costs go beyond the list of imported items affected. Bonham says when families have to spend less businesses will start to suffer as well as Hawaii's top industry, tourism.

"Maybe that means you decide not to make that trip to Hawaii this summer and then on top of that all of us who go about our daily lives and go shopping for washers and dryers and new cabinets or a new Apple computer all of those things go up in price and we're the ones paying those costs," Bonham said.

Following the President imposed tariffs on imported washing machines last year the cost consumers paid per machine reportedly went up an average of $80. 

It also caused companies to raise dryer prices as well to an average of $90 more per unit. 

"Whirlpool which doesn't have a lot of competitors for U.S. made washers and dryers found they could actually raise the price for washers and dryers when the China, when the foreign-made washer and dryer prices went up," Bonham said.