Two men inspect laptop computers while shopping in a Best Buy store in New York City.
Image Source: 
REUTERS/Lucas Jackson

Chad P. Bown (PIIE), Euijin Jung (PIIE) and Zhiyao (Lucy) Lu (PIIE)

By now the Trump administration’s many explosive announcements of new tariff restrictions on US trading partners have come to seem almost routine. But the imposition of 10 percent tariffs on another $200 billion of imports from China, announced on July 10, was anything but mundane, even by Trump’s standards. The scale of imports covered by this announcement is massive, nearly double the already considerable import coverage of Trump’s previous tariff actions combined.

Photo Credit: 
REUTERS/Lucas Jackson