Retailers Dealt Another Blow as Trump Steps Up China Tariffs
- Terms of Trade is a daily newsletter that untangles a world embroiled in trade wars. Sign up here. For American retailers, what Trump giveth, Trump taketh away. President Donald Trump’s administration, which said just 10 days ago it would delay until December some of its new tariffs on Chinese goods, has hit the retail sector with a new blow: The new levies will be raised to 15% from 10% as retaliation after China threatened to impose additional tariffs on $75 billion of American goods. He also said that the $250 billion of goods and ...
Click
To Read Full Article