Axios takes a lot at things so far….
There is currently a 10% hike in import taxes on Chinese products coming to America….
China has put in place a higher import tax on American good imported into their country….
China has also switched imports of some things to other countries (India and Brazil) resulting a loss of market share for some American businesses….There has been just a small increase in the prices of goods it appears so far…
In March that will rise to 25% if the countries do NOT get an agreement on trade……
New analysis shows that U.S. tariffs on Chinese goods are chipping away at the trade deficit with China.
But there are other questions to answer when it comes to whether the tariffs are having their desired effect.