Arizona business leaders said they worry that a 15% tariff on $300 billion in Chinese goods that took effect Sept. 1 will backfire and end up hurting economic growth at home.
The new tariffs will be imposed on more than 6,000 items but will fall largely on consumer goods, according to the National Retail Federation.
It said 60% of the goods targeted will be items including TVs, cellphones, shoes, clothes, furniture, toys and musical instruments.
The tariffs were originally set at 10% but were ratcheted up in August by President Donald Trump in response to tariffs the Chinese imposed on U.S. goods – just the latest rounds in a back-and-forth tariff war between the two countries.
