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
Amazon got caught copying products and manipulating search results
Amazon got caught cheating? Amazon has been repeatedly accused of copying third-party sellers’ products and then manipulating the search results to favor Amazon’s own brands. The company has denied the accusations. Reuters got access to internal Amazon documents...
China energy crisis wreaks havoc in the manufacturing sector
China in the dark Factories in China's busiest manufacturing provinces have been ordered to suspend production for up to a week or even longer, prompting concern global supplies of goods might be disrupted. China is in the midst of an energy crisis that has turned...
China stands up to protect intellectual property
E-commerce sites must guard intellectual property or be shut in China China plans to tighten oversight of e-commerce platforms like Alibaba Group over the infringement of intellectual property rights. Companies would lose their trading...
