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Clothes and shoes from China hardest hit by new US tariffs on Sept 1
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15 per cent tariffs on US$125 billion (S$173 billion) of Chinese goods will kick in on Sunday (Sept 1), originally set for 10 per cent but raised by US President Donald Trump on Aug 23 in retaliation against China's counter-tariffs.
PHOTO: AFP
WASHINGTON - China-made clothes and shoes will be among the consumer goods hardest hit by the new round of American tariffs set to take effect on Sunday (Sept 1) at 12.01am US Eastern time (12.01pm Singapore time).
Sticker shock may take a while to set in, as retailers do all they can to avoid raising prices during the back-to-school and holiday shopping season. But they will have no choice if tariffs continue to rise.
