ECONOMY_ U.S. Collected a Record $7 Billion in Tariffs in September

THE WALL STREET JOURNAL

WSJ NEWS EXCLUSIVE   -  ECONOMY


U.S. Collected a Record $7 Billion in Tariffs in September

Tariff revenue jumped 9% from August and was up more than 59% from a year earlier



China Woos Foreign Companies While Serving Its Own Agenda
Beijing is giving Washington a concession in the trade talks: regulations that would level the playing field for foreign companies in China. But there are doubts about Beijing’s true commitment to opening its market. Photo: Johannes Eisele/AFP via Getty Images


By Josh Zumbrun
Nov. 6, 2019 10:00 am ET


WASHINGTON—The U.S. collected a record $7 billion in import tariffs in September, fresh figures show, as new duties kicked in on apparel, tools, electronics and other consumer goods from China.

Tariff revenue jumped 9% from August and was up more than 59% from a year earlier. The revenue is a bounty for the U.S. Treasury, but is an increasing burden on the American businesses that import Chinese products—and their customers.

The...

READ MORE: https://www.wsj.com/articles/u-s-collects-a-record-7-billion-in-tariffs-in-september-11573052402?mod=hp_lista_pos4


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