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Related: Editorials & Other Articles, Issue Forums, Alliance Forums, Region ForumsTrade war tariffs: These Chinese-made products could soon cost more
Soon, it may be hard to find a Chinese-made product on a store shelf that doesn't have a higher price tag because of new U.S. tariffs.
President Donald Trump announced double-barreled new tariffs on Chinese imports Friday after Beijing said it would retaliate against Trump's latest duties with its own tariffs on $75 billion in U.S. products.
On Sept. 1, a tariff on some of the $300 billion in Chinese imports that was slated to be 10% instead will be 15%, Trump said. It will hit items such as school supplies, sporting goods and some clothing.
A tariff on the rest of the $300 billion which targets other consumer products such as cellphones, apparel and footwear has been delayed until Dec. 15, but those too will now be slapped with a 15% tariff, up from 10%.
https://www.msn.com/en-us/money/markets/trade-war-tariffs-these-chinese-made-products-could-soon-cost-more/ar-AAGfSWy?li=BBnbfcN
keithbvadu2
(36,834 posts)Billion$ of new Trump taxes.
dalton99a
(81,527 posts)Here are some of the products that could be affected:
These items are included on a 122-page list and expected to start Sept. 1.
Beverages: Tea, coffee, Irish and Scotch whiskies, liqueurs and cordials, wine, brandy, vodka and tequila.
Baby gear: Diapers, pacifiers, nursing nipples, infant formula, high chair and baby clothes.
Meats and dairy: Bovine, lamb, sheep, ham, geese, quail, sausage, milk, cream, yogurt, sour cream, butter and cheeses.
Produce: Tomatoes, lettuce, pumpkins, plantains, avocados, grapefruit, watermelons, cantaloupes and papayas.
In the pantry: Olive oil, maple syrup, chewing gum, cocoa powder, chocolate, pasta and condensed milk.
Clothing and accessories: Suits, jackets, pants, shorts, skirts, shirts, underwear, pajamas, sweaters, dresses, gloves, footwear, outerwear and wrist watches.
Live animals: Cattle, sheep, goats, chickens, turkeys, camels, rabbits, horses, whales, dolphins, foxes and reptiles.
Miscellaneous: Glasses, contacts lenses, sunglasses, golf carts, motorcycles, flowers, plants, blinds, shutters, linens, wallpaper, textbooks, dictionaries, books, printed calendars, wigs, drinking glasses, precious stones, iron, steel, aluminum, sewing machines, alarm clocks, grand pianos, musical instruments, brooms, pencils, pens, sanitary napkins and tampons.
The October tariffs are included on a 196-page list and items from China currently have a 25% tariff.
Beverages: Juices, including orange, grape, tomato and pineapple, beer made from malt, some wines and water.
In the pantry: Natural honey, jams, peanut butter, soy sauce, vinegar, flours, flaxseed, quinoa, oils, dates, figs, and nuts, including almonds, cashews, pistachio, walnuts and pecans.
Produce: Cauliflower, cabbage, carrots, radishes, beets, cucumbers, onions, celery, mushrooms, potatoes, Brussels sprouts, sweet potatoes, coconut, pineapples, fresh apples, peas, strawberries and dried fruit.
Personal care: Perfumes, makeup, shampoo, deodorant, bath salts, soap, hair clippers, petroleum jelly and sunscreen.
Seafood: Theres an ocean full of fresh, chilled and frozen fish listed, including bass, swordfish, lobster, tilapia, tuna, sardines, caviar, crabs, crabmeat, eel, oysters, scallops, shrimp and fish sticks.
Miscellaneous: Dog or cat food, tobacco, cigars, coal, sand, natural gas, metals, paints, ink, film, vinyl flooring, trunks, suitcases, some handbags, gloves, plywood sheets, paper, toilet paper, notebooks, binders, yarn, wool, woven fabrics, carpet, mirrors, vacuum cleaners, windshield wipers and furniture.
The tariffs scheduled to start Dec. 15 are included on a 21-page list.
Tech gear: Telephones for cellular networks, video game consoles, LED lamps, instant print cameras, cameras, and microwave ovens.
Baby gear: Strollers, infant nursery monitor systems, infant walkers, booster seats, play yards and swings.
Personal care: Shaving brushes, hair brushes, nail brushes, combs, hair accessories, electrothermic hair dryers and electric flatirons.
Miscellaneous: Fireworks, curtains, photo albums, children's picture, drawing or coloring books, printed cards, household- or laundry-type washing machines, ceiling fans, electric blankets, bedspreads, toys for pets, camping goods, umbrellas, music boxes, string musical instruments, cigarette lighters, scales, sleeping bags, toys, magic tricks, confetti, roller skates and fishing rods.