Reportedly the 15% taxes apply to about $112 billion of Chinese imports and that all told, more than two thirds of the consumer goods the united states imports from china now face higher taxes. Meanwhile the administration had largely avoided hitting consumer items in its earlier rounds of tariff hikes, but with prices of many retail goods now likely to rise, the administration's move threatens the US economy's main driver and as businesses pull back on investment spending and exports slow in the face of weak global growth, American shoppers have been a key bright spot for the economy.

Image result for Trump administration's latest round of tariffs on Chinese imports took effect on September 1

Furthermore as a result of Trump's higher tariffs, many US companies have warned that they will be forced to pass on to their customers the higher prices they will pay on Chinese imports. Some businesses, though, may decide in the end to absorb the higher costs rather than raise prices for their customers. Perhaps after September 1 tariff hike, 87% of textiles and clothing from china and 52% of shoes will be subject to import taxes.




Earlier on December 15, the administration is scheduled to impose a second round of 15 percent tariffs this time on roughly $160 billion of imports. Moreover if those duties take effect, virtually all goods imported from china will be covered. Perhaps the president has also announced that existing 25% tariffs on a separate group of $250 billion of Chinese imports will increase to 30% on October 1.


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