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.
The Trump administration has so far strategically shielded most consumer electronics, like iPhones, and other everyday goods from the tariffs so the tarrifs might be less painful to American shoppers — though that may change if Trump can’t strike a deal with Beijing.
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Here’s how the tariff works.
The tariff acts like a tax on the business importing a given good. Importers must pay the 25% duty once their products reach the United States. The money is paid on delivery and goes to the US Treasury.
The Trump administration imposed the 10% tariff on $200 billion of goods in September, following an earlier round of tariffs on $50 billion of Chinese goods that went into effect over the summer. The tariff rate on the earlier round was always set at 25%.
Source: Trump just raised tariffs on Chinese goods. Here’s what that means
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