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On June 15, Donald Trump released a list of $34 billion of Chinese goods to face a 25% tariff, starting on July 6. Another list with $16 billion of Chinese goods was released, with an implementation date of August 23. [149]
"Tariffs will likely rise more sharply on non-consumer goods than on consumer goods." Tariff increases will likely translate into price hikes on goods where the U.S. remains heavily reliant on ...
Instead, he pledged to make tariffs universal, with a blanket, baseline tax of 10% to 20% on most imports; an additional tax of 60% or more on Chinese goods; and a plan to match the taxes other ...
In retaliation for newly announced US tariffs on $50 billion worth of Chinese goods, China will impose tariffs on 128 US goods, effective today. According to a list published by China’s…
During his presidential campaign, Trump also raised the idea of imposing a tariff of up to 60% on all Chinese goods. "The desire to put high tariffs on China seems credible, if you think back to ...
By June 2019, tariffs on American imports had increased to 20.7%, while tariffs on other nations declined to 6.7%. [265] The analysis also found that average American tariffs on Chinese goods increased from 3.1% in 2017 to 24.3% by August 2019. [266] American importers were allowed to apply for exclusions from the tariffs.
But several items have been exempt from tariffs. One of the biggest exemptions: consumer electronics. But if Trump proceeds with a 10% blanket tariff on Chinese goods that would no longer be the case.
Trump has made multiple statements that he intends to impose tariffs on goods from China. He frequently mentions a 60% tariff, but on the campaign trail threatened tariffs as high as 100%.