Mexican Media Brands
UPDATE: U.S. Readies New 15% Tariffs on China Goods
The Trump administration says it will begin collecting a 15% tariff on $300 billion worth of Chinese products in a two-step process that starts this weekend.
#economics
Share
The Trump administration says it will begin collecting a 15% tariff on $300 billion worth of Chinese products in a two-step process that will begin on Sept. 1.
The 15% tariff replaces the 10% tax President Donald Trump originally threatened to impose. He raised the amount a month ago in frustration over the slow pace of progress in trade talks between China and the U.S.
The U.S. already levies a 25% tariff on a separate list of $250 billion worth of Chinese goods. The White House plans to increase that tax to 30% on Oct. 1.
The new levies that start on Sunday will expand U.S. tariffs to cover virtually everything China ships to the U.S.
The initial group of about $110 billion items ranges from apparel and footwear to smartwatches and flat-screen television sets, according to the Office of the U.S. Trade Representative. Other goods on the list, including toys and laptop computers, will be hit with the tax on Dec. 15.
RELATED CONTENT
-
On Global EV Sales, Lean and the Supply Chain & Dealing With Snow
The distribution of EVs and potential implications, why lean still matters even with supply chain issues, where there are the most industrial robots, a potential coming shortage that isn’t a microprocessor, mapping tech and obscured signs, and a look at the future
-
Tariffs on Autos: “No One Wins”
While talk of tariffs may make the president sound tough and which gives the talking heads on cable something to talk about, the impact of the potential 25 percent tariffs on vehicles imported to the U.S. could have some fairly significant consequences.
-
Ford’s $42 Billion Cash Cow
F-Series pickups generate about 30% of the carmaker’s revenue. The tally is about twice as much as what McDonald’s pulls in.