In the United States, the e-cigarette market may well be affected by President Trump's economic decisions. A few days ago, Donald Trump announced that 25% duties would be applied on a portion of imports from China. We are now learning that vaping products from China may be taxed.
In his statement, the President of the United States had pointed out that 25% 's rights would affect technology products in particular, but no one expected the e-cigarette to pay the price. Following a Chinese response, President Trump is preparing for a real trade war and the United States has threatened to impose duties on Chinese imports up to 450 billion, the first tranche of 34 billion to enter effective next month.
« America First Translate " America first"Donald Trump seems to want to tax just about every consumer product from China and the e-cigarette industry will not be spared.
In fact, imports of e-cigarettes made in China will be minted at 300 million dollars a year. If it seems that Apple's smartphones yet made in China will be spared, many products like the Google Nest Thermostat or the vehicle Buick Envision should not be able to slip through the cracks.
According to a research of Mary Lovely, professor of economics at Syracuse University, most companies that will suffer from these new pricing are not Chinese companies. Using Chinese export data, she and the researcher Yang Liang found that 87% of electronics-related products came from non-Chinese multinationals and foreign-owned joint ventures.