Higher Chinese tariffs are here. Mexican tariffs could be coming. Consumers are the ones who’ll pay. - ThinkProgress

Higher Chinese tariffs are here. Mexican tariffs could be coming. Consumers are the ones who’ll pay.  ThinkProgress

The Trump administration escalated its trade war with Beijing on Saturday as it began collecting higher tariffs on many Chinese goods arriving at U.S. ports, amid warnings from domestic manufacturers and retailers that the resulting higher prices will be pass directly to American consumers. U.S. officials began collecting 25% tariffs on many Chinese goods arriving in the U.S. on Saturday morning, the latest round in a series of tit-for-tat trade skirmishes between the world’s two largest economies. Trump announced last month that tariffs on $200 billion of goods arriving from China would ri...

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