Arizona business leaders fear fallout as new tariffs kick in on Chinese goods

//Arizona business leaders fear fallout as new tariffs kick in on Chinese goods

Arizona business leaders fear fallout as new tariffs kick in on Chinese goods

WASHINGTON – Arizona business leaders said they worry that a 15% tariff on $300 billion in Chinese goods that takes effect Sunday will backfire and end up hurting economic growth at home. The new tariffs will be imposed on more than 6,000 items but will fall largely on consumer goods, according to the National Retail Federation. It said 60% of the goods targeted will be items including TVs, cellphones, shoes, clothes, furniture, toys and musical instruments. The tariffs were originally set at…

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By | 2019-08-31T19:40:14+00:00 August 31st, 2019|Budget and Tax|

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