U.S. trade agency affirms Trump's extra 5% tariff hike on Chinese goods
Source: Reuters
Business News
August 28, 2019 / 10:12 AM / Updated 6 minutes ago
David Lawder 3 Min Read
WASHINGTON (Reuters) - The U.S. Trade Representatives office on Wednesday reaffirmed President Donald Trumps plans to impose an additional 5% tariff on a list of $300 billion of Chinese imports starting on Sept. 1 and Dec. 15.
The USTR said in an official notice that on Sept 1, U.S. Customs and Border Protection agency will begin collecting a 15% tariff on a portion of the list that contains over $125 billion of targeted goods from China, including smartwatches, Bluetooth headphones, flat panel televisions and footwear.
A 15% tariff will be levied on the remainder of the list, which includes cellphones, laptop computers, toys and clothing, from Dec. 15, the agency said in the Federal Register filing.
The Trump administration had previously planned to impose a lower 10% tariff on the $300 billion of imports, which represents nearly all the remaining U.S. imports from China yet to be hit with punitive U.S. tariffs.
Read more: https://www.reuters.com/article/us-usa-trade-china-tariffs/u-s-trade-agency-affirms-trumps-extra-5-tariff-hike-on-chinese-goods-idUSKCN1VI1PG
-snip-
I truly believe that he is doing this to deflect the Deutche Bank issue.....................
Wellstone ruled
(34,661 posts)Deflection. Maddow and O'Donnell blew his ass out of the water last night.
Keep in mind,Trump will not attack O'Donnell or David Johnston because of his failed Law Suits from years ago. And he sure as hell will not touch Maddow.
keithbvadu2
(36,369 posts)Billion$ more in new Trump taxes.