US-China trade truce leaves businesses still facing daunting tariffs

As Trump sticks to 55% rate on Chinese goods, importers eye final duties on others

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Shipping containers at the Port of Oakland, California, on May 12. U.S. tariffs as high as 55% on Chinese goods are set to continue, keeping heavy pressure on American importers. © Reuters

PAK YIU

NEW YORK -- The trade deal the U.S. and China hammered out in London this week still leaves American importers saddled with heavy tariff burdens and uncertainty on how to conduct their business, after President Donald Trump said levies of up to 55% would continue to be charged on Chinese goods.

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