REUTERS/Hyungwon Kang
- Trump is proposing new 25% tariffs on Chinese imports.
- A hearing on the proposals starts in Washington on Monday.
- The new tariffs "dramatically expand the harm to American consumers, workers, businesses, and the economy," the US Chamber of Commerce said in written testimony.
- Furniture, lighting products, tires, chemicals, plastics, bicycles, cradles, and Chinese seafood are among the imports set to be hit by the new duties, Reuters reported.
The Trump administration's proposed $200 billion in tariffs on Chinese imports will force Americans to pay more for everything from cradles to seafood, businesses have warned.
Monday is the first session of a six-day hearing in Washington on the proposed 25% tariffs, which are part of the Trump administration and US Trade Representatives' efforts to put pressure on Beijing.
See the rest of the story at Business Insider
NOW WATCH: Is marrying your cousin actually dangerous?
See Also:
- The US intends to break the WTO to deal with the 'multi-trillion dollar problem' that is China
- The lira surged 7% after Turkey hit back at US 'attacks' by slapping American cars, alcohol, and tobacco with huge tariffs
- GOLDMAN SACHS WARNS: The worst-case scenario for a global trade war could wipe out the stock market's most important driver
from Business Insider https://ift.tt/2MDaVQF
No comments:
Post a Comment