Auto parts, agriculture and manufacturers will all feel the burden of higher tariffs placed on China
A U.S.-imposed 25% tariff on Chinese imports went into effect at midnight on Friday. What does this new levy mean for both countries and future trade negotiations? Photo Composite: Crystal TaiThe increased tariffs enacted by the U.S. on products coming from China raise the costs for many American companies and threaten their future profits.
On Friday, the U.S. raised import tariffs to 25% on $200 billion of Chinese goods, such as circuit boards, microprocessors, vehicle parts and machinery. President Trump also has warned about imposing 25% tariffs on $325 billion in Chinese goods that aren’t currently taxed. Such a move would cover virtually all Chinese exports to the U.S. and spread the pain to consumers.
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