Treasury. Here are the specifics now in chinas tariffs on u. S. Goods. The government will be raising tariffs on 60 billion worth of u. S. Goods starting june 1st. Items like cotton and machinery and grains will be taxed as high as 25 . The move by china comes three days after President Trump increased the tariffs by the same percentage. He also started the process to impose tariffs on another 300 billion worth of chinese goods like iphones, and toys, and President Trump continues to wage a campaign to convince americans that tariffs are good for the u. S. Economy. Diane is back with us today. Shes the chief economist for Accounting Firm grant thorton. What a difference between chatting on friday and today with you. Listening to the president saying the tariffs are a good thing for the u. S. Economy. Whats your response to that . No, theyre not good. Theyre a tax on the u. S. Consumer and on u. S. Businesses. Thats whats really difficult about all of this. They seem to get lost in tran
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