U.S. trade officials hold hearing on next batch of tariffs

Aaron Schrank Jul 24, 2018
HTML EMBED:
COPY
A factory worker makes parts in a welding room at LGMazak, a Sino-Japanese joint venture firm that manufactures digitally controlled machinery for automotive, aviation, chemical, and manufacturing industries, 03 September 2004 in Yinchuan, in northwest China's Ningxia Hui Autonomous region.  FREDERIC J. BROWN/AFP/Getty Images

U.S. trade officials hold hearing on next batch of tariffs

Aaron Schrank Jul 24, 2018
A factory worker makes parts in a welding room at LGMazak, a Sino-Japanese joint venture firm that manufactures digitally controlled machinery for automotive, aviation, chemical, and manufacturing industries, 03 September 2004 in Yinchuan, in northwest China's Ningxia Hui Autonomous region.  FREDERIC J. BROWN/AFP/Getty Images
HTML EMBED:
COPY

In June, President Donald Trump announced tariffs on $50 billion in Chinese goods, most of which went into effect earlier this month. Now U.S. trade officials are set to impose the rest of them, but not before a hearing on Tuesday and Wednesday with U.S. business leaders. The list of products includes industrial machinery, communications technology, and aerospace parts from China. While many U.S. businesses welcome a crackdown on China’s trade practices, they fear retaliationBusinesses will be able to air their concerns at this week’s hearing or apply for exemptions from the tariffs before they go into place.

Click the audio player above to hear the full story. 

There’s a lot happening in the world.  Through it all, Marketplace is here for you. 

You rely on Marketplace to break down the world’s events and tell you how it affects you in a fact-based, approachable way. We rely on your financial support to keep making that possible. 

Your donation today powers the independent journalism that you rely on. For just $5/month, you can help sustain Marketplace so we can keep reporting on the things that matter to you.