Pres. Trump, who has called himself 'Tariff Man,' took investors by surprise when he escalated a trade war with China in announcing steep new tariffs on Chinese goods.
President Donald Trump, who has called himself"Tariff Man," took investors by surprise when he escalated a trade war with China in announcing steep new tariffs on Chinese goods.
....of additional goods sent to us by China remain untaxed, but will be shortly, at a rate of 25%. The Tariffs paid to the USA have had little impact on product cost, mostly borne by China. The Trade Deal with China continues, but too slowly, as they attempt to renegotiate. No! Previously scheduled trade negotiations with China were still on track to happen in Washington this week. China's Commerce Ministry confirmed that Chinese Vice Premier Liu He, China's top negotiator, will join a delegation for continued negotiations on Thursday and Friday in Washington. Initially, a 100-person team from China was expected to travel to the nation's capital on Wednesday, but the Chinese were shaken by Trump's tweets and the talks were delayed by a day.
"A sudden tariff increase -- with less than a week's notice -- would severely disrupt U.S. businesses, especially small companies that have limited resources to mitigate the impact. If the administration follows through on this threat, American consumers will face higher prices and U.S. jobs will be lost," said the National Retail Federation's David French.
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