China Trade: How New Trump Tariffs Spell Disaster for Vaping


vaping devices and china tariffs list
rawf8/Shutterstock

Vapers are the latest victims of the escalating China Trade War. On Wednesday, August 1st President Trump ordered new tariffs on Chinese goods doubled from 10% to 25%. This increase affects $16 billion worth of Chinese imports, which include vaping products.

Vaping devices were not included in the first round of products hit with 25% tariffs on July 6th. When Trump announced those duties, China hit back. The administration then proposed a new 10% hike on $200 billion worth of Chinese goods. Last Wednesday that figure rose to 25%. The new duties are set to take effect in one month.

Higher-tariffs on Chinese-made vaping units means higher prices for American consumers and businesses. 91% of e-cigs imported into the United States come from China.

“Yes, it will hurt consumers, yes, it will hurt the industry,” said Tony Abboud, President of the Vapor Technology Association.

These new import duties are the latest threat to the growth of the e-cig market. Last April, the FDA came down hard on vape retailers caught selling to minors. One bright spot has been that the FDA has pushed back the deadline for regulating e-cigarettes to 2022. E-cigarettes have made significant gains in the last two years. Sales have gone up from 32 in 2017, to 68% from June of last year. If the proposal goes through, vapers will start to see higher prices at their local vape shops.

What is the essence of this tariff?

It is targeted at helping the American industry according to President Trump. There are huge impacts in trade wars and rarely do we have winners. Instead, the results may end up being more tragic and painful.

The vaping industry has plans to oppose the new tariffs. Vaping advocacy groups plan to lobby the Office of the US Trade Representative. They want to show how the new tariffs will not punish China, only American e-cig users, and retailers.

Source: https://www.bloomberg.com/news/articles/2018-07-20/vaping-industry-decries-trump-s-tariffs-targeting-e-cigarettes


Like it? Share with your friends!

4

What's Your Reaction?

hate hate
2
hate
confused confused
2
confused
fail fail
0
fail
fun fun
0
fun
geeky geeky
0
geeky
love love
0
love
lol lol
0
lol
omg omg
2
omg
win win
1
win
Jeffrey Buckley
Jeffrey Buckley daily works hand in hand with medical students. He's keen on mental health and behaviorist anthropology. Vaping became the source of his research in 2013. Today Jeffrey is one of the top vaping-specialists. He pleasantly reveals scientific issues of vapers and smokers life.
0 Comments

Your email address will not be published. Required fields are marked *

You may also like

DON'T MISS