As Trade War Drags On, Customs Agency Readies To Hike Chinese Import Tariffs Even More
Love buying cheap Chinese imports?
Better stock up.
Customs and Border Protection will start collecting a 25% tariff on a $200 billion category of Chinese imports at 12:01 a.m.
EDT on Friday.
According to Reuters, it's the final step toward activation of President Donald Trump’s planned tariff increase.
However, the hike to 25% from 10% for over 5,700 product categories could still be stopped if the Trump administration orders a halt before midnight.
The hike comes as U.S.