class="post-template-default single single-post postid-328059 single-format-standard group-blog masthead-fixed full-width singular wpb-js-composer js-comp-ver-6.0.1 vc_responsive"
Next Round of Tariffs Set | Rural Radio Network

Next Round of Tariffs Set

Next Round of Tariffs Set
A Chinese flag flies on a ship stocked with products at the Long Beach (California) Port earlier this year. The U.S. and China accelerated their trade dispute Friday as the Trump administration went ahead with tariffs against Chinese technology. (DTN file photo by Chris Clayton)

The U.S. says it will begin imposing tariffs of 25 percent on an additional $16 billion in Chinese imports in t, further escalating the trade war between the two countries.

The U.S. Trade Representative’s office says Customs will begin collecting the extra duties on 279 different product lines. The list includes a lot of industrial and machinery products. Agricultural machinery is on the list, including tractor pistons, seeders, planters, and irrigation systems. Bloomberg says this will be the second time the U.S. slapped more duties on Chinese imports in a month.

The move comes as American companies complain that the more tariffs will eventually cost them more to do business and raise consumer prices. China has promised to retaliate with another $16 billion in tariffs on U.S. imports. The tariff total could actually increase soon. The U.S. Trade Representative’s Office is looking into the possibility of a ten percent tariff on another $200 billion in Chinese goods. Those duties could be implemented shortly after the comment period ends on September 5th.

© 2019 Nebraska Rural Radio Association. All rights reserved. Republishing, rebroadcasting, rewriting, redistributing prohibited. Copyright Information