Trade war: US hits China with new wave of tariffs

© Tanaonte

Not many people, in the world of logistics at least, would agree with Trump that “tariffs are the greatest”, or that “trade wars are good, and easy to win”. Neither statement appears to be true right now. Yesterday, new tariffs came in on a wide-ranging array of consumer goods, which is set to cost the average US household an additional $800 to $1000 a year. As the BBC reports, “nappies, dishwashers, shoes, clothes, food – looking through the 122-page list of eligible products, it’s hard to find something that’s not on there”. Trump, whose tariffs are expected to hit his own support base the hardest, has pushed back the next round to mid-December so as not to harm Christmas sales too much. But expect the world of trade and logistics to feel this new round…