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1.Market Observations, 8.Was Sticky

2 Sept 2019 (TheAge) – Trump’s tariffs on $166b in Chinese goods take effect

(2 September 2019, The Age, Business, p21, By Christopher Rugaber)

Washington: The Trump administration’s latest round of tariffs on Chinese imports took effect on Sunday, potentially raising prices Americans pay for some clothes, shoes, sporting goods and other consumer goods in advance of the holiday shopping season. The 15 per cent taxes apply to about $US112 billion ($166 billion) of Chinese imports. All told, more than two-thirds of the consumer goods the United States imports from China now face higher taxes. The administration had largely avoided hitting consumer items in its earlier rounds of tariff hikes.’

Read more at SMH.com.au

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