The Trump administration on Wednesday made official its extra 5% tariff on $300 ...
WASHINGTON/DECATUR, Ill. - The Trump administration on Wednesday made official its extra 5% tariff on $300 billion in Chinese imports and set collection dates of Sept. 1 and Dec. 15, prompting hundreds of U.S. retail, footwear, toy and technology companies to warn of price hikes.
U.S. Customs and Border Protection will also start collecting a 15% tariff on Dec. 15 on the remainder of the $300 billion list, including cellphones, laptop computers, toys and clothing, USTR said in the Federal Register filing. While Trump in recent days has reversed his aggressive China trade rhetoric, that has not translated to a retreat from the planned tariff hikes. It remains unclear whether U.S. and Chinese negotiators will resume in-person talks in September as previously suggested by U.S. officials.
Hundreds of retailers, footwear companies and business groups urged Trump to scrap the proposed tariffs, warning they would jack up consumer prices and trigger job losses. Over 160 other business groups, including the National Retail Federation, Retail Industry Leaders Association and Association of Equipment Manufacturers, also urged Trump to postpone the tariffs, warning they would hit Americans in the middle of the busy holiday shopping season.
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