New round of tariffs targets $200 billion of Chinese goods

By Lynette Carpiet

Trump administration would impose a 10 percent tariff on hundreds of consumer goods, including many bike products.

WASHINGTON, D.C. (BRAIN) — On Tuesday, the Trump administration announced that it would assess an additional 10 percent tariff on up to $200 billion of Chinese goods. The latest list and round of tariffs comes on the heels of two other rounds of tariffs imposing 25 percent duties on $34 billion and $16 billion worth of Chinese goods.

“In light of China’s decision to respond to the investigation by imposing duties on U.S. goods, the Trade Representative proposes a modification of the action taken in this investigation. The proposed modification is to maintain the original $34 billion action and the proposed $16 billion action, and to take further action in the form of an additional 10 percent ad valorem duty on products of China with an annual trade value of approximately $200 billion,” read the document published by the Office of the U.S. Trade Representative.

The U.S. Trade Representative is taking comments on these proposed tariffs until Aug. 17. A public hearing is scheduled for Aug. 20-23.

The latest round of tariffs targets hundreds of consumer goods and includes many bicycle products and components including cable …read more

Via:: Bicycle Retailer and Industry News