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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: 5, Informative) by ilPapa on Thursday September 05 2019, @06:32PM (1 child)
This sweaty fat degenerate is failing at absolutely everything, and convinces his believers that he's a great success. Be on the lookout for the official graph of the US-China trade (im)balance to be altered with a black sharpie.
You are still welcome on my lawn.
(Score: 2, Funny) by curunir_wolf on Thursday September 05 2019, @08:40PM
You seem to have been completely fooled by the "get-Trump" media. LOL!
But he talks back. [twitter.com]
I am a crackpot