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NPR

In Tariff Scams, Some Products Made In China Are Mislabeled To Avoid Levies : NPR

"It's no secret. It's definitely an open cottage industry in China, big time," said a spokesman for U.S. Customs and Border Protection, who spoke on condition of anonymity to discuss tariff enforcement policy. "It's not uncommon to hear stories of Chinese brokers charging a nominal extra fee to somebody to essentially say, 'Don't worry about it. I'll make sure it doesn't say 'China' on it.' "

China is retaliating with new tariffs on $75 billion worth of US goods

China is retaliating with new tariffs on $75 billion worth of US goods

China said Friday it will impose new tariffs on $75 billion worth of U.S. goods and resume duties on American autos.

The Chinese State Council said it decided to slap tariffs ranging from 5% to 10% on $75 billion U.S. goods in two batches effective on Sept. 1 and Dec. 15. That happens to be when President Donald Trump’s latest tariffs on Chinese goods are to take effect.

It also said a 25% tariff will be imposed on U.S. cars and a 5% on auto parts and components, which will go into effect on Dec.15. China had paused these tariffs in April.

Trump’s threat of Mexico trade war sends markets lower – BBC News

Trump’s threat of Mexico trade war sends markets lower – BBC News

US President Donald Trump's threat to open a trade war with Mexico sent Wall Street sliding, with shares in carmakers among the worst hit. Markets in Europe were already spooked by news the US would hit Mexico with tariffs in an anti-immigration measure. The main US share markets closed between 1.3% and 1.5% lower. General Motors, which like many carmakers has operations in Mexico, fell 4.3%.

News of the Mexico tariff move comes amid a US trade war with China. Mr Trump announced in a tweet that tariffs on all goods coming from Mexico would be introduced until the country curbs illegal immigration into the US. From 10 June, a 5% tariff would be imposed and would slowly rise to 25% "until the illegal immigration problem is remedied", he said.