LOS ANGELES–(BUSINESS WIRE)–In July, the United States Trade Representative (USTR) implemented a 10% tariff on $50 billion worth of imported goods from China. This 10% tariff, which includes a list of 818 products and focuses on Chinese imports that contain “industrially significant technologies,” will increase to 25% in January 2019. A few weeks later, an additional list containing 6,031 products was released, increasing the value of products subject to tariffs to $200 billion. By the end of this year, total tariffs on Chinese goods could be expected to reach a total of $500 billion.(…)
