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04/19/2018
Proposed U.S. Tariffs on China Risk Penalizing Manufacturers Unevenly
Tariffs on Chinese imports are expected to drive up the costs of U.S. goods, services
China is a significant source of materials for only a small fraction of products on President Donald Trump’s proposed list of tariffs, but they could disproportionately hit some U.S. manufacturers that depend on Chinese imports by driving up costs and forcing them to raise prices.
The tariffs unveiled last month would impose 25 percent duties on more than 1,300 products across 872 categories touching a swath of American industries. They would hit an estimated $50 billion of Chinese imports ranging from factory equipment to household goods.
Of at least 345 product categories entirely covered by the proposed tariffs, just 5 percent of the total imported value last year came from China, according to a Wall Street Journal analysis of data from trade research firm Panjiva.
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