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Gretchen Blough, a customs broker at Logistics Plus in Erie, Pennsylvania, said that the ships, trucks, tariffs and supply shortages are peppering the shipping industry.
Keeping the trade levies in place is seen as a way the U.S. can maintain leverage with China on a range of issues.
Economist Dean Baker says the two should be sharing intellectual property in health care and climate technology, “not fighting over it.”
Chinese investment in the U.S. also fell because of the pandemic recession.
According to the Federal Reserve Bank of New York, Americans are paying.
At the Port of Los Angeles, the busiest in nation, tariffs are taking a toll.
Some Chinese consumers are buying less and others are buying local.
About $300 billion worth of Chinese goods are getting hit with tariffs this weekend, including merry-go-rounds and lithium-ion batteries.
Best Buy reports quarterly earnings, as the shadow of tariffs looms against consumer electronics made in China.
China on Friday announced tariff hikes on $75 billion of U.S. products in retaliation for President Donald Trump’s planned increase.