US businesses paid 'unprecedented' $4.4B in tariffs in September

In September 2018, US businesses paid an unprecedented $4.4 billion in tariffs. This was a 54% increase in payments compared to September of 2017 and was combined with a large reduction in exported goods due to retaliatory tariffs being imposed. The 10% tariff on over $200 billion in Chinese imports will rise to 25% in January which will likely continue to cause US businesses to try to find cost cutting solutions or the added expense will be passed on to the customer.


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