Sporting Goods Escapes U.S. Tariffs, But Trade War Heats Up
Sporting goods and consumer products have escaped the initial list of $50 billion in products on which the Trump Administration will slap 25% tariffs but tensions about the dispute seemed to heat up as the week progressed, ending with the U.S. threatening to add an additional $100 billion in Chinese imports subject to higher duties after initially calming the discussion by saying it did not expect to have to actually impose the duties because of ongoing discussions between the countries to resolve the issues.
As it stands now, machinery, medical devices, flat screen TVs and transportation goods were all hit in ... Log in to view full article.