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Trump Tariffs Escalate: Fasteners and Nuts FromChina See Further Duty Hikes

Twelve hours after China said it would retaliate against U.S. President Donald Trump's next round of triffs by raisingtaxes. on American goods, Trump said he would bolster existing tariffs on $250 bllion worth of Chinese goods to 30%from 25% on Oct. 1, including duties on bolts, screws and other fasteners manufactured in China. Trump also said theU.S. would tax another $300 bilion worth of Chinese imports at a 15% rate, which includes all iron and steel nuts(HTS subheading 7318. 16 O0) imported from China.