Chinese tariffs: Next round set to hit $16 billion of goods today
The U.S. is implementing 25% tariffs on another $16 billion of Chinese goods today. China is expected to implement a parallel set of tariffs for the same amount on chemical items and diesel fuel. Representatives from the motorcycle industry, electric bicycle industry, food equipment manufacturers, and chemical companies organized to oppose these tariffs, which they argue will hurt their business and require higher product costs for the American consumer. The U.S. continues to implement tariffs in response to unfair trade practices by China.