American manufacturers will be slapped with an extra 34% charge on the little stickers they put on their products to show they are made in the USA.
The stickers, made in a factory in Guangdong Province, were previously shipped to the US tariff-free, but will now be hit by Donald Trump’s new levy, forcing US producers to raise the price of their goods.
No, the number is correct. Trump added 34% tariffs to Chinese imports, and China retaliated by the same amount. So yeah, if these stickers are made in China, the US is going to pay a 34% tariff on their import lol