Stories
Slash Boxes
Comments

SoylentNews is people

Trump's 15 Percent Tariff on Chinese Goods Kicks in

posted by janrinok on Thursday September 05 2019, @04:49PM   Printer-friendly
from the start-counting-the-pennies,-er,-yen dept.

upstart writes:

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.

Original Submission

 
This discussion has been archived. No new comments can be posted.
Trump's 15 Percent Tariff on Chinese Goods Kicks in | Log In/Create an Account | Top | 117 comments | Search Discussion
Display Options Threshold/Breakthrough Mark All as Read Mark All as Unread
The Fine Print: The following comments are owned by whoever posted them. We are not responsible for them in any way.

  • (Score: 1, Troll) by The Shire on Thursday September 05 2019, @06:55PM (3 children)

    by The Shire (5824) on Thursday September 05 2019, @06:55PM (#890191)

    Yes, I'm sure it had nothing to do with the CEO's of several billion dollar tech, toy, and clothing companies arguing the case against these tariffs just before the holiday season and it was all about his wife.

    Take your the blinders off.

    Starting Score:    1  point
    Moderation   -1  
       Troll=1, Total=1
    Extra 'Troll' Modifier   0  
    Karma-Bonus Modifier   +1  
    Total Score:   1  

  • (Score: 2) by Thexalon on Thursday September 05 2019, @07:13PM (2 children)

    by Thexalon (636) on Thursday September 05 2019, @07:13PM (#890204)

    Ivanka isn't his wife, he's his daughter.

    I'm not saying it's *all* about his daughter, but I wouldn't be surprised if she lobbied daddy to give her a break.

    --
    The only thing that stops a bad guy with a compiler is a good guy with a compiler.