Posts

Showing posts with the label tariffs

Trump China Tariffs

Image
The new tariffs that Trump issued against Chinese goods come under the authority of a US trade law known as Section 301 which allows the president to impose tariffs to. He first began imposing tariffs on Chinese imports. New Round Of Us China Trade Tariffs Worth 200 Billion Takes Effect News Dw 01 09 2019 Before this latest announcement the average tariff on Chinese goods imported to the US. Trump china tariffs . Imports of Chinese goods started to drop as Trump imposed more tariffs that year and in 2019. President Donald Trump increased his tariffs on 200 billion in Chinese goods from 10 to 25. Trump has threatened tariffs before and then backed off. In 2018 and 19 Trump authorized payments to US. American farmers have indeed laid claim to nearly all his China tariff revenue which now totals 66 billion. Firms were importing more than 100 billion less. Trump used tariffs as a negotiating tactic meant to hurt Chinas economy and pressure Beijing to agree to a new tr