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One measure shows Americans have paid an extra $34 billion in tariffs since the start of the trade war with China

12 days ago   |   By Business Insider

Scott Olson/Getty Images
Americans shelled out tens of billions of dollars in tariffs over the past year and a half.
Businesses and consumers in the US have paid an additional $34 billion in tariffs from the time the trade war started in February of last year through August 2019, according to one analysis.
Tariff collections are expected to increase in the coming months as the Trump administration attempts to pressure China to change trade practices seen as unfair.
Visit Business Insider's homepage for more stories .
As President Donald Trump escalated a trade dispute with China over the...
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One measure shows Americans have paid an extra $34 billion in tariffs since the start of the trade war with China

One measure shows Americans have paid an extra $34 billion in tariffs since the start of the trade war with China

12 days ago   |   By Business Insider

Scott Olson/Getty Images
Americans shelled out tens of billions of dollars in tariffs over the past year and a half.
Businesses and consumers in the US have paid an additional $34 billion in tariffs from the time the trade war started in February of last year through August 2019, according to one analysis.
Tariff collections are expected to increase in the coming months as the Trump administration attempts to pressure China to change trade practices seen as unfair.
Visit Business Insider's homepage for more stories .
As President Donald Trump escalated a trade dispute with China over the...
Read more ...

 

China is reportedly open to a partial trade deal with the US - but only if Trump scales back planned tariffs

China is reportedly open to a partial trade deal with the US - but only if Trump scales back planned tariffs

12 days ago   |   By Business Insider

Reuters/Jonathan Ernst
China appeared to ease its tone toward the US ahead of high-stakes trade talks set to take place at the end of the week.
Bloomberg reported early Wednesday that China would still be open to a limited trade deal if President Donald Trump were to back down from the scheduled tariff escalations he announced in recent months.
Trump would be unlikely to accept a long-term deal without Chinese concessions on structural issues, a White House official told Business Insider.
Visit Business Insider's homepage for more stories .
China appeared to ease its tone toward the US...
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Fitbit will move manufacturing outside of China to avoid US tariffs

Fitbit will move manufacturing outside of China to avoid US tariffs

12 days ago   |   By Business Insider

Reuters
Fitbit announced on Wednesday that its in the process of moving all of the company's manufacturing operations out of China amid the ongoing threat of US tariffs.
The company said it started looking for other locations to manufacture its trackers and smartwatches after the US-China trade war began in 2018.
According to Fitbit's statement, the company will provide more details on the financial impact of the transition during its third-quarter earnings call.
Shares of Fitbit tumbled as much as 3% on the news.
Visit the Business Insider homepage for more stories .
Fitbit said on...
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