A proposed 25-percent tariff on selected Chinese imports is open to public comment in the US until the end of August. With a public hearing regarding tariffs on more Chinese products scheduled this week, some are starting to see the negative effects of potential tariffs.
Higher tariffs may be on the way for Chinese goods. Just three weeks after Washington issued a list of items facing tariffs of 10 percent, the figure is now up to 25 percent on certain Chinese goods valued at 200 billion US dollars.
Among them, 48 percent fall into the intermediate goods category, capital goods account for 30 percent and consumer products, 22 percent. Over one-fifth of the goods in question may incur additional charges that will be passed on to American consumers.