11-12-2018 00:11 via feedproxy.google.com

US companies forked over a record amount in tariffs in October — $6.2 billion! — because of Trump's trade war

US companies are paying more than ever before in tariff duties: $6.2 billion in October. The October tariff collections represented a 104% jump from October 2017.
The sudden spike came because of President Donald Trump's tariffs on steel, aluminum, and Chinese goods.
US companies paid $2.2 billion more to import goods subject to Trump's tariffs in October.
The costs are causing major disruptions for American companies, including investment delays and layoffs.The cost of President Donald Trump's
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