Tag: tariffs

  • How Do Tariffs Even Work, Anyway?

    Tariffs are taxes on imported goods paid by the U.S. company bringing them in, not by foreign countries. They’re used to raise revenue and protect domestic industries. While President Trump champions tariffs to boost U.S. self-sufficiency, studies show they can harm American consumers by increasing prices and hurting jobs, especially in agriculture.

  • China: Chip Curbs May Threaten Supply Chains

    China has warned that Japan’s planned export controls on semiconductors could disrupt global supply chains and harm both Chinese and Japanese companies. The Chinese government urged Japan to reconsider these measures, emphasizing their negative impact on international trade and bilateral relations. China also hinted at possible counteractions to protect its interests.

  • Tariffs Will Mean Rising Costs For Everyday Items

    Beginning in March, new U.S. tariffs will raise prices on everyday goods. Expect electronics like smartphones and laptops to rise by up to 15%, clothing and shoes by 8-12%, and vehicles to increase by $1,500. These higher costs are set to strain consumer budgets and impact purchasing habits.

  • How Failing Trade Enforcement Strengthens Beijing

    Weak trade enforcement in the U.S. is allowing China to sidestep tariffs, undermining efforts to protect American industries. Chinese companies have been evading tariffs by transshipping goods through other countries, creating unfair competition. Despite legal victories, the U.S. enforcement system’s failures are costing jobs and undermining national economic security.