Trump Expanding China Tariffs
What happens if President Donald Trump carries out his threat to impose tariffs on the remaining $300 billion in Chinese goods that he hasn't already hit with 25 percent import taxes? Hundreds of businesses, trade groups, and individuals have written to complain that the additional import taxes would drive up prices for consumers, squeeze profits, and leave U.S. companies at a competitive disadvantage to foreign rivals that aren't subject to higher taxes on the vital components they buy from China. As far as conducting business here in the States, no U.S. producer benefits from the tariffs and U.S. importers feel like they are just getting socked with a tax. Hearings begin in Washington next week, stay tuned and make your business’ voice heard.