A tariff is a tax levied on the import and exports of goods in international trade. The U.S. currently trades over $590 billion in goods with China every year. In 2015 China exported $466 billion worth of goods to the U.S. and imported $123 billion worth of U.S. goods. The 2015 China - U.S. trade imbalance of 344% is a new world record. During the 2016 Presidential race Donald Trump proposed levying a 45% tariff on China and any other U.S. trade partner which violates trade deals through currency manipulation and illegal export subsidies. Proponents of tariffs argue that China breaks trade rules by subsidizing its exports, manipulating its currency and stealing intellectual property from the U.S. and other western countries. Opponents argue that tariffs will cause a dramatic rise in the cost of goods for U.S. consumers and cause an unnecessary conflict with
Yes China should be punished for the wuhon virus.
No, because China will continue to do the oldest trick in the books, build products to 99% completion in China, send it to Vietnam to have 1 screw screwed in, and have the good stamped "Made in Vietnam" eliminating the effectiveness of the tariff on China.
No, but hit the companies who outsource with heavy fines and hold their overseas factories to US worker's rights standards.
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