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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: 2) by Thexalon on Thursday September 05 2019, @07:13PM (2 children)
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.
(Score: 1, Troll) by linuxrocks123 on Thursday September 05 2019, @09:32PM
GP's confusion is understandable [metro.us].
(Score: 2) by The Shire on Thursday September 05 2019, @10:28PM
Yep, I'll eat that mistake and write it off as trying to answer a flurry of posts.
But the point is the same, and I stand by it.