Trump just crushed China’s war on American small businesses
Since coming into office, President Donald Trump has made rebalancing our trade agreements a top priority, placing historic tariffs on traditional trading ‘partners’ who have taken advantage of American businesses for decades and adversaries hell-bent on our economic collapse such as China. His “Liberation Day” tariffs were indicative of his bold commitment to that mission.
While the full slate of economic measures is necessary to reignite the economy, it is his China plan that could finally put an end to the Chinese Communist Party’s all-out assault on U.S. manufacturing and our small business community.
In 1930, Congress passed the Tariff Act, which introduced what has become known as the “de minimis” rule. It allowed imports valued under $800 to enter the country duty-free and American recipients to get up to $800 worth of products per day without paying import taxes. Despite almost 100 years passing, this law remains on the books to China’s benefit. Or at least it was, until Wednesday, when Trump said, “No more.”
For decades, China has flooded the American apparel market with cheap, poorly made T-shirts, sweaters, and other clothing via shell companies, partners, and, as of recently with........
© Washington Examiner
