At that point, President Trump raised tariffs on a large swathe of Chinese imports from 10% to 25%. And the longer the conflict continues, the more difficult it will be for President Trump to sell a “lite” China agreement politically. As a prominent example, consider Huawei, where President Trump appeared to offer China concessions. While there is no good economic argument for using bilateral deficits as a scorecard, President Trump is deeply attached to the measure. Will products they source from China as inputs into U.S. production face a punitive 25% tariff this fall?

Source: Forbes July 05, 2019 16:07 UTC