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            december 08, 2019

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New round of US tariffs on Chinese imports will hit US consumers


The latest escalation in the US-China trade war adds import taxes on US$112 billion in Chinese imports, including many consumer food items, household goods and apparel.
In the days leading up to the next wave of US levies that make 3,200 categories of Chinese goods 15 per cent more expensive to import from September 1, China has been calling for calm and more talks. Meanwhile, US President Donald Trump has been getting an earful from a wider circle of critics closer to home, reported Bloomberg.
Turning up his already loud megaphone last week was the US Chamber of Commerce's chief executive officer Thomas Donohue. The head of the largest lobbying group for American businesses called for ceasefire and a return to talks.
A large majority of the American companies that are members of the US-China Business Council said they're committed to China over the long term and don't plan to leave, according to a survey by the group.
Furthermore, a coalition of 150 trade associations made a last-ditch plea to postpone duties on other goods that took effect on September 1, saying they "come at the worst possible time."

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