Made in China
On Monday, the U.S. Trade Representative’s office released a list of about $300 billion worth of Chinese goods including children’s clothing, toys, mobile phones and laptops that Trump is threatening to hit with a 25% tariff. If he proceeds, those new taxes, plus 25% duties on $250 billion of Chinese goods already in place, mean American consumers may start feeling the pinch of higher prices.
Then, on Thursday, Trump extended his crackdown to include the Chinese telecom giant Huawei Technologies Co. He issued an executive order that could effectively ban Huawei and Chinese sister firm ZTE Corp. from the U.S. market. He also placed Huawei on a blacklist that means U.S. suppliers will need licenses to sell the company components.
Read More: U.S. Places Huawei and Scores of Affiliates on Export Blacklist
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