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posted by janrinok on Thursday September 05 2019, @04:49PM   Printer-friendly
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.


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  • (Score: 2) by JoeMerchant on Thursday September 05 2019, @06:47PM (3 children)

    by JoeMerchant (3937) on Thursday September 05 2019, @06:47PM (#890183)

    No one volunteers to stock toys on a shelf out of the goodness of their heart.

    The Catholic food bank and charity center down the street proves that statement wrong... The whole neighborhood donates their consumer spending excesses there to assuage their guilty consciouses - it makes them feel much better than filling the landfill, and volunteers do indeed sort the trash from the useful, stocking toys on a shelf for donation to the needy.

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  • (Score: 2) by The Shire on Thursday September 05 2019, @10:34PM (2 children)

    by The Shire (5824) on Thursday September 05 2019, @10:34PM (#890276)

    And I respect that. There was a time when religious organizations were the ones helping folks in need that way and it's why they were granted a tax exempt status. I wish more of them would step up and do the same instead of people relying on a governmental nanny state welfare program.

    But that's entirely different from the way businesses operate. You don't flip burgers because it's your goal in life to do so, you flip burgers because you want to earn a living. And the business employing you has to make money in order to pay you. And they need to make a profit so they can expand and hire more people like you. That's business 101.

    • (Score: 2) by JoeMerchant on Thursday September 05 2019, @10:36PM

      by JoeMerchant (3937) on Thursday September 05 2019, @10:36PM (#890277)

      Stick that in your thousand points of light, and smoke it.

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    • (Score: 0) by Anonymous Coward on Friday September 06 2019, @12:35AM

      by Anonymous Coward on Friday September 06 2019, @12:35AM (#890314)

      it's why they were granted a tax exempt status.

      They were granted a tax exempt status because the government doesn't care about the first amendment or the separation of church and state. If they wanted to run charities, they could start a separate charitable organization and that would be tax exempt. The way we do things now, where they're automatically tax exempt whether or not they do any significant amount of charitable work, is ridiculous and violates the Constitution. Also, a lot of their "charity" is just them preaching in poor countries, spreading their toxic religion.