September 1, 2019

TAX COLLECTOR FOR THE ETHNOSTATE:

Trump is raising your taxes today (Rick Newman, September 1, 2019, Yahoo Finance)

With far less fanfare than the tax cuts President Donald Trump signed into law in 2017, a series of tax hikes goes into effect today on thousands of everyday items imported from China.

A new tariff of 15% will be added to the cost of more than 40% of all consumer products imported from China on Sept. 1. That amounts to about $109 billion worth of annual imports, according to research firm Panjiva. On Dec.15, the 15% tariff will be assessed on another $155 billion worth of consumer goods from China. At that point, there will be new Trump tariffs on virtually everything imported from China.

Posted by at September 1, 2019 8:51 AM

  

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