POST Online Media Lite Edition


Make tariffs great again: U.S. tariffs on $112 billion on Chinese goods in effect from today

Christian Fernsby |
The U.S.' latest round of tariffs on Chinese imports took effect early Sunday.

Article continues below

Topics: U.S.    CHINA    TARIFFS   

This is potentially raising prices Americans pay for some clothes, shoes, sporting goods and other consumer goods in advance of the holiday shopping season.

The 15% taxes apply to about $112 billion of Chinese imports. All told, 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.

After Sunday’s tariff hike, 87% of textiles and clothing from China and 52% of shoes will be subject to import taxes.

Beijing responded by levying five percent tariffs on U.S. oil and 10 percent duties on a range of other American products.

What to read next

Highlights: April 13 - April 18, 2015
Debunking myths of success on the internet
Newly imposed tariffs, retaliation could cost U.S. one million jobs