Home / Articles / Everyday items hit in US tariffs on Chinese goods

Everyday items hit in US tariffs on Chinese goods


The Trump administration is threatening to impose fresh tariffs on another $200bn (£150bn) of Chinese goods – with Beijing branding the plans as “totally unacceptable”.

More than 6,000 items could be affected – including burglar alarms, car tyres, handbags, baseball gloves, carpets, toilet paper, dog food, and hundreds of food products.

Last Friday, the US imposed 25% tariffs on Chinese imports worth $34bn (£25bn).
China hit back with its own levies – targeting US products such as mixed nuts and whiskey.
:: US jitters at China’s tech push underlies trade war

Image: Jack Daniel’s could get pricier for Chinese consumers in the coming months
Washington’s initial tariff list focused on Chinese industrial products in an attempt to limit the impact on US consumers, but this expansion would start to hit the items regularly purchased by American households.
Announcing proposals for the new tariffs, US Trade Representative Robert Lighthizer said: “For over a year, the Trump administration has patiently urged China to stop its unfair practices, open its market, and engage in true market competition.
“Rather than address our legitimate concerns, China has begun to retaliate against US products… There is no justification for such action.

“We have been very clear and detailed regarding the specific changes China should undertake. Unfortunately, China has not changed its behaviour – behaviour that puts the future of the US economy at risk.”
:: China accuses “hoodlum” Trump over trade war

Image: An investor in Beijing reacting to US tariffs taking hold last Friday
Mr Trump has threatened to tax $550bn (£415bn) in Chinese products – exceeding America’s total imports from China last year.
The latest escalation in the trade dispute sent markets lower.

More from Business

The S&P 500 and Dow futures dropped 1%, indicating Wall Street would open lower, while Japan’s Nikkei declined 1.5%. Stock markets in Shanghai dipped 1.8%, and Hong Kong fell more than 1.4%.
According to the US, China uses predatory practices in a push to challenge American technological dominance – and allegedly forces American companies to hand over technology in exchange for access to the US market.

Source: Sky

About Business Ideas UK

My name is Joel Bissitt. I have been an entrepreneur for 24 years and have run many small businesses across various sectors. For the last 10 years I have worked mainly within online media, franchising and small business start-ups.

Check Also

Another 40 Poundworld stores to close

Forty more Poundworld stores are to close later this month, leading to the loss …

Free Franchise Guide
close slider

Free Franchise Guide

 
Interested in buying a franchise? The our FREE Franchise Guide is a must! The guide contains lots of information to help you decide if franchising is right for you.
 

Yes, I'd like to join the Franchise UK mailing list.