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Quick Take:
CYThoruuimnrpP’arsimTear orniffs
By U.S. Chamber Staff
Fill me in: Following an investigation into China’s Why does it matter?
forced technology transfer and intellectual
property practices, the Trump administration has It will hit American consumers and businesses –
imposed a total of approximately $250 billion in tariffs including manufacturers, farmers, and technology
on imported Chinese products. In turn, China has companies – with higher costs on commonly
retaliated with a total of $110 billion in tariffs against used products and materials, and as a result, it
American-made products. stands to slow the United States’ recent economic
resurgence. The tariffs on imported Chinese goods
The tariffs came in waves: is the latest in a string of potentially economically
crippling trade developments, including the
July 6, 2018: U.S. imposed 25% tariffs on already implemented tariffs on steel and
$34 billion of imports of Chinese goods, and China
immediately retaliated with tariffs on U.S. exports in
the same amount.
August 23, 2018: U.S. imposed 25% tariffs
on an additional $16 billion of imports Chinese goods, and
China immediately retaliated with tariffs on U.S. exports
in the same amount.
September 24, 2018: U.S. imposed
tariffs on approximately $200 billion worth of
Chinese goods, including many everyday consumer
products like electronics and housewares. China
again retaliated with tariffs on another $60 billion of
American-made products.
May 10, 2019: U.S. increased tariffs on
approximately $200 billion worth of Chinese goods from
10% to 25%.
Coming: The U.S. is proposing to levy tariffs of
25% on all goods imports from China not yet subjected to
Section 301 tariffs (valued at approximately $325 billion).
21 AmCham South China
Quick Take:
CYThoruuimnrpP’arsimTear orniffs
By U.S. Chamber Staff
Fill me in: Following an investigation into China’s Why does it matter?
forced technology transfer and intellectual
property practices, the Trump administration has It will hit American consumers and businesses –
imposed a total of approximately $250 billion in tariffs including manufacturers, farmers, and technology
on imported Chinese products. In turn, China has companies – with higher costs on commonly
retaliated with a total of $110 billion in tariffs against used products and materials, and as a result, it
American-made products. stands to slow the United States’ recent economic
resurgence. The tariffs on imported Chinese goods
The tariffs came in waves: is the latest in a string of potentially economically
crippling trade developments, including the
July 6, 2018: U.S. imposed 25% tariffs on already implemented tariffs on steel and
$34 billion of imports of Chinese goods, and China
immediately retaliated with tariffs on U.S. exports in
the same amount.
August 23, 2018: U.S. imposed 25% tariffs
on an additional $16 billion of imports Chinese goods, and
China immediately retaliated with tariffs on U.S. exports
in the same amount.
September 24, 2018: U.S. imposed
tariffs on approximately $200 billion worth of
Chinese goods, including many everyday consumer
products like electronics and housewares. China
again retaliated with tariffs on another $60 billion of
American-made products.
May 10, 2019: U.S. increased tariffs on
approximately $200 billion worth of Chinese goods from
10% to 25%.
Coming: The U.S. is proposing to levy tariffs of
25% on all goods imports from China not yet subjected to
Section 301 tariffs (valued at approximately $325 billion).
21 AmCham South China
