How Will the New Tariffs Impact the U.S. Supply Chain?
July 11, 2018
As the U.S. and China spar over trade agreements, one can't help but wonder what impact this will have on U.S. businesses and the supply chain.
As a consumer of foods and beverages, you might be in for a small bit of sticker shock the next time you go the store for avocados or cherries. According to reports, those are just two of the products that are being impacted by new tariffs brought about by the trade dispute between the U.S. and China.
According to reports on CNNMoney, roughly 1,300 individual products have suddenly become more expensive. The list of products being impacted seems to grow by the day. On July 10, the U.S. released a 195-page list of Chinese exports -- worth about $200 billion -- that are facing a 10% tariff.
According to a report, U.S. tariffs on a further $16 billion of Chinese exports are coming soon, taking the total under threat to $250 billion.
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