New Import Duties and Stricter Trade with China
This act introduces new, additional duties of 10% on most imported goods, which may affect product prices for consumers. It also significantly raises tariffs on goods from China, including those critical for national security, potentially leading to higher prices and reduced availability of Chinese products. Furthermore, foreign investments in the U.S., especially those linked to China, will face stricter scrutiny.
Key points
All imported goods into the U.S. will face an additional 10% duty, potentially increasing consumer prices.
Tariffs on goods from China will be drastically increased, in some cases to 35% or even 100%, impacting the cost of many products.
The President gains new powers to prohibit the import of certain goods from China if they pose a national security threat or are produced unfairly/with human rights violations.
Foreign investments, including real estate purchases and business establishments by entities linked to governments of concern (e.g., China), will be subject to mandatory review by the U.S. government.
Introduced
Citizen Poll