The Trump administration on Monday announced a 10 percent tariff on roughly $200 billion in Chinese imports that will go into effect on September 24, 2018. On January 1, 2019, the tariff will rise to 25 percent.
Alliance for American Manufacturing (AAM) President Scott Paul said:
“Strong trade enforcement against China’s persistent violations of trade laws, including the theft of American trade secrets, is long overdue. These tariffs should compel China to finally address unfair trade practices. America has the leverage in this economic relationship, and it’s about time we use it to defend our workers and businesses who can compete with anyone on a truly level playing field.”
WATCH: How did we get here? Here’s some helpful background on why trade enforcement is so important.
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