Billions of ‘Cheap’ Goods Now Subject to Steep Tariffs

Billions of ‘cheap’ goods now subject to steep tariffs

It’s the end of an era as billions of packages of so-called “cheap” goods shipped to the United States are now subject to steep tariffs.

Goods Imports Rose in July Ahead of Tariffs

The U.S. goods trade deficit widened in July as imports of oil and industrial supplies surged, driven by strong domestic demand and possible stockpiling by importers ahead of President Donald Trump’s new tariff rates for individual countries that took effect on Aug. 7. According to data released by the U.S. Census Bureau on Aug. 29, the U.S. goods trade deficit jumped 22.1 percent in July from June to $103.6 billion, driven largely by a surge in…