The U.S. began applying 15% tariffs on Sept. 1 that cover about $110 billion worth of imported Chinese goods.
The new taxes, which are intend to pressure China to accelerate trade talks, target electronics, machinery, apparel, shoes, sporting goods and rubber and plastic products. The White House plans to roll out 15% taxes on another $200 billion or more worth of Chinese goods on Dec. 15.
China responded yesterday with similarly timed levies of 5%-10% on a combined $75 billion worth of crude oil, pharmaceuticals, soybeans and other items. China also is reviving a 25% tariff on most vehicles imported from the U.S.
The new round of U.S. tariffs is in addition to existing 25% levies on about $250 billion worth of Chinese goods that began in May. Those taxes are costing American households an average of more than $800 per year, according to the Federal Reserve Bank of New York.
The U.S. Chamber of Commerce figures that the new tariffs imposed yesterday by the Trump administration will raise the annual cost to households to as much as $1,000.
According to Sandor Piszar, Chevrolet truck marketing director, “We engineer and build our trucks with customers’ expectations in mind.
The little car that could still can. And this time as a car that not only gets great fuel economy, but which has ride and handling that makes it more than an econo-box (and its styling is anything but boxy).
Although the RAV4 has plenty of heritage in the small crossover segment, competition has gotten a whole lot tougher, so Toyota has made significant changes to the fourth-generation model.