05-February-2025
Corporate News
 
US Importers Rush in Goods From China as Trump Tariff Threat Looms
15-Jan-2025

U.S. imports from China finished the year strong after some companies stockpiled shipments of apparel, toys, furniture and electronics ahead of President-elect Donald Trump's plan to impose new tariffs that could revive a trade war between the world's economic superpowers. Trump, who has threatened to slap tariffs of 10% to 60% on goods from China, takes office on Jan. 20. During his first term, Trump mainly targeted Chinese parts and components. Economists and trade experts predict his next wave of tariffs could apply to finished goods.

News Source:- https://money.usnews.com/investing/news/articles/2025-01-15/us-importers-rush-in-goods-from-china-as-trump-tariff-threat-looms