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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, Insightful) by DannyB on Thursday September 05 2019, @07:31PM (2 children)
I've been productively working continuously for almost four decades. I don't need any sympathy. I think my life is pretty improved already.
You seem to miss my point that corporations will create the absurd situation I describe -- for their own profit. No matter how easy it is to see that it could ruin the country. Corporate profit comes first. Must outsource or offshore all jobs.
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(Score: 2) by DannyB on Thursday September 05 2019, @07:33PM
Sorry, wrong thread for that one.
I'm thinking of the current generation that seems to feel entitled to be supported from birth to death.
To transfer files: right-click on file, pick Copy. Unplug mouse, plug mouse into other computer. Right-click, paste.
(Score: 3, Insightful) by The Shire on Thursday September 05 2019, @10:26PM
They'll outsource until we make it economically more advantageous to hire Americans. You can count on businesses to work a specific way, to increase profit. You just have to adjust things around them to insure that their best path towards profit is the same path that profits the American worker.
If you tariff chinese goods enough to make local sources the profitable route then that's what you need to do.