President Donald Trump could levy tariffs of up to 25% on $200 billion worth of Chinese imports as early as this week, leaving many U.S. businesses worried about increasing competition, potential layoffs, and price increases for consumers.
Should these tariffs go into effect, everyday products from baby wipes to bicycles could be caught in the fray.
In recent weeks, nearly 3,000 comments, including requests to testify, have been filed with the U.S. Trade Representative’s Office, urging the Trump administration not to go through with the tariffs. But the effort seems a longshot for them. The deadline for public comments is Sept. 6, and Bloomberg reportedthe tariffs could go into effect as soon as Sept. 7. In the last round of tariffs, only five products were removed from the original list of 284 goods.
Full story at Yahoo News.
By Julia La Roche and Krystal Hu.
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