President Trump just made thousands of items coming in from China more expensive -- including baseball caps, bikes and handbags
Most of the imports hit by the new 25% tariff rate are industrial or intermediate goods that are used as component parts in products manufactured in the United States. But about a quarter of the items on the list are consumer goods, including luggage, backpacks, baseball gloves, bamboo furniture and chandeliers. It also hits sailboats, motorboats, canoes and -- weirdly -- parking meters.
— Donald J. Trump May 10, 2019 But in fact, many US business owners say that domestic factories can't meet their production needs. Instead they are exploring moving part of their supply chains to factories outside of China. Overall, the manufacturing sector has rebounded moderately under Trump -- but hiring has slowed again after being on a tear in the second half of of last year. What happens next? The threat to escalate tariffs wasn't new.
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