PPB July 2019

I t’s been more than a year since the Trump Administration announced plans to impose tariffs on products imported fromChina. On July 6, 2018, the tariffs became a reality with $34 billion worth of Chinese goods subject to tariffs. As the year wore on, news on the tariff negotiations continued to make almost daily headlines while threats to increase the tariff rate and the list of products subject to tariffs grew. As of June 1, 2019, $250 billion in goods fromChina are now included in the 25 percent tariff including bags, backpacks and luggage, some drinkware items, technology products and related accessories, hats, notebooks and other stationery items, fabrics and sporting gloves, among other items. At press time, the threat still The Tariff Effect | FEATURE | JULY 2019 | 55