Changes in Trade Policy
As part of the new announcement, a 20% tariff is set to be imposed on goods coming from China. The primary reason for this move is the issue of fentanyl—a synthetic opioid that raises serious concerns in the United States.This step is seen as a significant shift in Washington's trade approach towards Beijing and may impact future economic negotiations between the two countries.
Justification of the Decision
Linking tariff policy with public health issues underscores the desire to use economic measures to address social problems. The introduction of this tariff is viewed as a concrete step aimed at tackling issues related to the production and supply of substances necessary for the manufacture of fentanyl.Potential Economic Consequences
Experts warn that this decision could have serious implications for bilateral trade and global supply chains. The establishment of a separate tariff on Chinese goods may complicate economic relations between the two largest economies in the world and hinder future trade negotiations.Photo on the homepage is illustrative: scanx.trade.
