Disclaimer: We may earn a commission if you make any purchase by clicking our links. Please see our detailed guide here.

Follow us on:

Google News
Whatsapp

Trump Tariffs Raise Can Cause Many Chinese Companies to Quit From the USA

Varun Kesari
Varun Kesari
Blogger | Youtuber | Music lover | Tech enthusiastic | Proud To be INDIAN

Join the Opinion Leaders Network

Join the Techgenyz Opinion Leaders Network today and become part of a vibrant community of change-makers. Together, we can create a brighter future by shaping opinions, driving conversations, and transforming ideas into reality.

According to reports, the US has recently raised the tariff of 200 billion US dollars on Chinese exports to the United States from 10% to 25%. In attempting to justify his decision to raise tariffs on hundreds of billions of dollars of Chinese imports into the US, President Donald Trump has suggested that the best way to avoid them is not to buy Chinese-made products. In other words, just buy American, Trump argues.

In order to “rationalize” the tariffs imposed on Chinese imports, the Trump administration said that the best way for Americans to avoid tax is to avoid buying Chinese-made goods and buying goods produced in the United States.

On Monday, Trump tweeted: “There is no reason for the US. Consumer to pay the Tariffs,” and that they can be “completely if you buy from a non-Tariffed Country, or you buy the product inside the USA (the Best idea) That’s Zero Tariffs.”

Trump said on Twitter that “it is unreasonable for American consumers to pay customs duties” because “American consumers can avoid switching taxes if they buy goods from countries that are not subject to tariffs. You can buy goods produced in the United States (the best way). Zero tariffs.”

Most of the Chinese products subject to tariffs simply aren’t made in the US, including apparel and electronic components. For those few items where there is an American-made alternative, there is also the problem of scalability: US companies simply lack the capacity to create the number of products that come from China. In that regard, Trump’s suggestion that there is “no reason for the US. Consumer to pay the Tariffs” is false.

According to CNN, most Chinese products targeted by current tariffs, including clothing and electronic components, are not made in the United States. As for the few products that can be found in American manufacturing, there is also the problem of scalability – American companies lack the ability to produce the same amount of products as imports from China. From this perspective, Trump said that “it is unreasonable for American consumers to pay customs duties”.

Join 10,000+ Fellow Readers

Get Techgenyz’s roundup delivered to your inbox curated with the most important for you that keeps you updated about the future tech, mobile, space, gaming, business and more.

Recomended

Partner With Us

Digital advertising offers a way for your business to reach out and make much-needed connections with your audience in a meaningful way. Advertising on Techgenyz will help you build brand awareness, increase website traffic, generate qualified leads, and grow your business.

Power Your Business

Solutions you need to super charge your business and drive growth

More from this topic