The imposition of a 54% tariff by the United States on Chinese goods will have complex impacts on the U.S. economy, employment, ordinary consumers, and specific industries (e.g., homebrewing products).
According to Trump’s announcement of new policies, China’s “equivalent tariff” rate will reach 34%. CNN mentioned that the United States has previously imposed a 20% tariff on Chinese goods, and from the 9th onwards, the tariff rate will be increased by an additional 34% to 54%. A CNBC reporter revealed that White House Press Secretary … Read more