Trump's tariff hike on $200 bln of Chinese goods takes effect - SABC News - Breaking news, special reports, world, business, sport coverage of all South African current events. Africa's news leader.

With no action from the Trump administration to reverse the increase, U.S. Customs and Border Protection imposed the new 25% duty on affected U.S.-bound cargoes leaving China afte r12:01 a.m. EDT on Friday.

Trump gave U.S. importers less than five days notice about this decision to increase the rate on the $200 billion category of goods to 25 %, which now matches the rate on a prior$50 billion category of Chinese machinery and technology goods. The hike comes in the midst of two days of talks between top U.S. and Chinese negotiators to try to rescuing a faltering deal aimed at ending end a 10-month trade war between the world’s two largest economies.

Gary Shapiro, chief executive of the Consumer Technology Association said the tariffs would be paid by American consumers and businesses, not China, as Trump has claimed. “Our industry supports more than 18 million U.S. jobs but raising tariffs will be disastrous,” Shapiro said in a statement.

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