The tariffs are designed to avoid consumer goods, instead focusing on machinery, chemicals, and other industrial items. “The president claimed that trade wars are easy to win, but what our industry has always known is coming true: Trade wars are costly, unnecessary and do harm to the American economy,” Priest explained, adding that the administration should show “real leadership and declare a cease-fire to this self-inflicted conflict.”

Moody’s Report: $500B in Tariffs on Chinese Imports Would Be a ‘Credit Negative’ for US Footwear Firms

Trump Declares Tariffs Are the ‘Greatest’ Ahead of Trade Meeting The office of US Trade Representative Robert Lighthizer said today there were 279 new goods to be targeted in the dispute over China's policies, which American officials say promote the theft of American technology

President Donald Trump's administration announced today that 25 per cent tariffs would be in place on USD 50 billion in Chinese goods starting August 23. It will be the second time the U.S. slaps duties on Chinese goods in about the past month, despite complaints by American companies that such moves will raise business costs and eventually consumer prices. USTR said that only five product lines were deleted from a list initially proposed on June 15, but semiconductors, among the largest categories, remained on the list. The second tranche of President Donald Trump’s tariffs on Chinese goods will go into effect August 23, according to the administration, and the restrictions will hit a slew of items.
The Office of the United States Trade Representative publishes its finalized list of 279 Chinese goods, worth $16 billion, to be subject to a 25% tariff from August 23.