VTA warns of ‘third wave’ of Trump Tariffs issued Tuesday on vaping products
Whatever is going on in the Trump White House is posing another major, significant threat to the American vaping community. In an announcement yesterday, the Trump Administration has implemented another round of tariffs on Chinese imports that will include products from food seasonings to almonds, baseball gloves, and e-cig components.
This third wave of Trump Tariffs totals $60 billion. The combined total exceeds a whopping $200 billion, representing a 25% increase overall by the end of the year – just 3 months away. China immediately shot back with a tit-for-tat response by adding another $60 billion in tariffs of its own on U.S. imports. Depending on the product, American exporters will see a 5-10 percent increase, which will likely be transferred onto consumers both in the United States and abroad in the form of increased price tags.
The Vapor Technology Association, Trump Tariffs, and Vaping
Furthermore – and perhaps even more alarming – the Trump Administration has already admitted that more tariffs in the future are already in the works. Tuesday’s announcement comes just days before planned trade negotiations in Beijing between representatives of both governments. Now, those scheduled trade talks may not even take place. A spokesperson for the Chinese government issued the following statement via CNN.
“The Chinese side has repeatedly emphasized that the only correct way to solve the trade dispute between China and the United States is through talk and consultation on the basis of equity, integrity and mutual respect…But what the US side has done doesn’t show sincerity or goodwill.”
Since China is the leading supplier of vaping devices, parts, and components to consumers in the United States, the Vapor Technology Association (VTA) is leading the charge to stop this continuous onslaught of Trump Tariffs. On July 24, 2018, VTA representatives testified before the International Trade Commission (ITC) to denounce the first two waves and to try to prevent yesterday’s third wave from being implemented. Now, the VTA is issuing an official warning to American vapers by way of an email and social media marketing campaign.
“Today, the Trump Administration announced they will impose a 10% tariff on over $200 billion worth of Chinese goods, including vapor parts and components. These tariffs will go into effect next week on September 24th. The Administration also announced they plan to raise them to 25% next year. More than half a trillion dollars in imported goods now fall under the tariffs imposed since last year. These duties hurt our entire industry, from suppliers to wholesalers to retailers.”
VTA is also renewing their vow to continue fighting these tariffs on behalf of the American vaping community. There were some 375 witnesses testifying in the July 2018 hearings, and VTA officials were the only ones aggressively representing American vapers, businesses, vape shops, and manufacturers. To learn more about the VTA organization or to offer assistance in the battle over Trump Tariffs, contact email@example.com.
Related Article: VTA joins legal battle over 3rd wave of Trump Tariffs against vaping
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