Retailers howl as US trade agency locks in 15per cent tariffs on Sept. 1

WASHINGTON/DECATUR, Ill.: The Trump administration on Wednesday made official its extra 5per cent tariff on US$300 billion in Chinese imports and set collection dates of Sept. 1 and Dec. 15, prompting hundreds of U.S. retail, footwear, toy and technology companies to warn of price hikes.

U.S. President Donald Trump announced the increase to 15per cent from 10per cent last Friday on Twitter, escalating the bitter U.S. China trade war after Beijing hit back with retaliatory tariffs on US$75 billion worth of U.S. goods, including crude oil. But he said,"That will be the wrong deal," adding that he preferred to"do it in a right way." He said the latter approach requires a tougher stance and longer negotiations.Channel NewsAsia - Sentifi topic widgetHundreds of retailers, footwear companies and business groups urged Trump to scrap the proposed tariffs, warning they would jack up consumer prices and trigger job losses.

Over 160 other business groups, including the National Retail Federation, Retail Industry Leaders Association and Association of Equipment Manufacturers, also urged Trump to postpone the tariffs, warning they would hit Americans in the middle of the busy holiday shopping season.

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