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from the start-counting-the-pennies,-er,-yen dept.
Submitted via IRC for Bytram
Trump's 15 percent tariff on Chinese goods kicks in
It's the first day of September, marked by a new round of tariffs on Chinese imports, which went into effect Sunday. In latest escalation of the trade war with China, the Trump administration has slapped a 15% tariff on $112 billion worth of Chinese goods (PDF), something consumers can expect to feel when buying everything from milk to diapers to some China-manufactured tech products like the Apple Watch.
But on Aug. 13, the USTR said it would offer a temporary reprieve to a batch of about $160 billion products (PDF) like laptops and cellphones. Those goods won't be subject to the new tariffs until Dec. 15 -- an attempt to blunt the impact of the duties on the holiday shopping season. Trump later raised the new tariff on Chinese goods to a 15% rate rather than the initial 10%.
China retaliated Sunday with its own tariff plan taking effect at 12:01 p.m. local time. It's rolling out higher tariffs in stages on a total of about $75 billion in US goods like soybeans and crude oil. It'll also resume an extra 25% duty on cars imported from the US on Dec. 15.
(Score: 0) by Anonymous Coward on Thursday September 05 2019, @05:20PM (3 children)
You mean the Chinese don't buy your Christmas gifts for you?
(Score: 4, Touché) by DannyB on Thursday September 05 2019, @06:10PM (2 children)
I think you are confused. His Christmas gifts are from the Russians.
The lower I set my standards the more accomplishments I have.
(Score: 1, Insightful) by Anonymous Coward on Thursday September 05 2019, @07:34PM (1 child)
The Cold War is over, Romney. Ok doke!
(Score: 2) by DannyB on Friday September 06 2019, @02:36PM
Yes. The Cold War is over.
That is why the US president gets all his loans from the Russians. (as disclosed by one of the moron twins in an interview)
Why the Russians give a US president gifts.
Why our president has "such warm relations" and "such good chemistry" with Vladimir. (But also with Kim Jong)
The lower I set my standards the more accomplishments I have.