US-China trade war shows no sign of ending
The latest round of tariffs that the United States and China imposed on each other went into effect Sunday. The 15 percent U.S. taxes apply to about $112 billion of Chinese imports.
More than two-thirds of the consumer goods the United States imports from China now face higher taxes. The administration had largely avoided hitting consumer items in its earlier rounds of tariff hikes, reports Fox News.
Even more tariffs loom on the horizon. On December 15, the Trump administration is scheduled to impose a second round of 15 percent tariffs — this time on roughly $160 billion of imports. If those duties take effect, virtually all goods imported from China will be covered, including all major Apple products.
The list of tariffs going into effect in September is 122 pages long, covering everything from the strange and dangerous—like “saps and extracts of opium” to “muffin ovens” and “tanks and other armored fighting vehicles”—to “men’s and boy’s suits, knitted or crocheted”, reports Quartz.
Given how much is covered in September , December’s list is much shorter. Only 21 pages, it includes pet toys, pencil sharpeners, umbrellas, and natural pearls (cultured pearls, along with rubies, diamonds and sapphires, will be tariffed in September).
Full list for September 2019:
Full list for December 2019:
More Amazon news
US Tariffs Hit 145% — What We’ve Learned This Week
US-China Trade War:First Conclusions and Recommendations for Amazon Sellers One week has passed since the sharp increase in US customs duties on imports from China. Currently, the situation has stabilized, allowing us to draw initial interim conclusions. Current...
Shanghai is still under lockdown. Is Guangzhou next?
A shift in China’s COVID-19 policy remains a distant prospect Shanghai is easing its two-week lockdown, but most of its businesses still are closed. The redirection of goods is becoming more difficult and expensive as cargo facilities in other Chinese cities are now...
Amazon will let sellers build independent online stores
Bloomberg reports that Amazon is working on a product that that will let retailers run independent stores. The project hasn’t been announced officially yet, but former company executives told Bloomberg, that Amazon has been working on it since late 2017 and could...