Reuters/Danny Moloshok
- The Trump administration raised tariffs on Chinese products last week after trade negotiations stalled.
- From footwear to electronics, that round of tariffs would hit significantly more consumer items than previous tranches.
- An increasing number of major US companies have warned the proposed tariffs would force them to raise prices.
- View Markets Insider's homepage for more stories.
After trade negotiations between Washington and Beijing stalled last week, the Trump administration increased the tariff rate on Chinese imports and threatened to target an additional $300 billion worth of products.
From footwear to electronics, the latest round of tariffs would hit significantly more consumer items than before. And an increasing number of major US companies have warned the proposed tariffs would force them to raise the prices of those products.