A tax on a tax: U.S. customs demands bigger bonds as trade tariffs rise

Stephen Wang is counting the costs of President Donald Trump's trade war. He had to put down 12 times more cash as a guarantee to U.S. customs that he would pay the bill for tariffs on the Chinese-made pumps, valves and motors he imports.

from Reuters: Money News https://ift.tt/2HZwFmR
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