Eedc new tariff
You're referring to the new tariff imposed by the United States on certain goods imported from China!
The "Needed Emergency Defense for Critical Infrastructure and Consumer Protection Act" (NEDCIP) was signed into law by President Donald Trump on March 22, 2018. This act authorized the President to impose tariffs on up to $60 billion worth of Chinese goods, citing concerns over intellectual property theft and forced technology transfer.
The tariffs, which went into effect on July 6, 2018, apply to a wide range of products, including:
- Electronics: Smartphones, laptops, tablets, and other electronic devices
- Machinery: Industrial machinery, robotics, and other equipment
- Textiles: Clothing, fabrics, and other textile products
- Footwear: Shoes, boots, and other footwear
- Furniture: Home furniture, office furniture, and other furniture products
- Toys: Toys, games, and other recreational products
- Food and Beverages: Certain food and beverage products, including soybeans, corn, and pork
The tariffs range from 7.5% to 25% and are intended to protect American industries and jobs from what the Trump administration sees as unfair trade practices by China.
However, the tariffs have also been criticized for potentially harming American consumers and businesses, as well as sparking retaliatory measures from China and other countries.
Do you have any specific questions about the tariffs or their impact on the economy?