Consumers Could Be Collateral Damage If U.s. Expands Tariffs On Chinese Imports

WASHINGTON — For many Americans, President Donald Trump’s trade war may soon get very real. His administration is preparing to extend 25% tariffs to practically all Chinese imports not already hit with duties, including toys, sneakers, shirts, alarm clocks, toasters and coffeemakers. That’s roughly $300 billion worth of products on top of the $250 billion targeted earlier. “The administration’s decision to announce a tax on every product coming from China puts America’s entire economy at risk,” the Retail Industry Leaders Association said in a statement.

BING NEWS:
  • 'Collateral damage'
    On his campaign trail, the United States of America's president-elect, Donald Trump, proposed to raise tariffs on imported goods, touting up to a 60% tax on products from China, and up to a 20% tax on ...
    11/19/2024 - 8:46 pm | View Link
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