WASHINGTON — Friday raised taxes on American importers by tens of billions of dollars, costs that consumers will soon be paying on from clothes to electronics to frozen seafood.
Tariffs on thousands of Chinese products totaling more than $200 billion each year that Trump originally imposed at 10 percent last September jumped to 25 percent just after midnight, thanks to Trump ramping up his trade war in hopes of forcing concessions.
Trump nevertheless on Friday continued falsely claiming that China was paying the new duties.
“Tariffs are NOW being paid to the United States by China of 25% on 250 Billion Dollars worth of goods & products. These massive payments go directly to the Treasury of the U.S.,”