A US Tariff Loophole Is Closing, Hitting Low-Income Americans

I’m James Mayger, a senior economy and government reporter in Beijing. Today we’re looking at a US tariff loophole that may now be closing. Send us feedback and tips to ecodaily@bloomberg.net or get in touch on X via @economics. And if you aren’t yet signed up to receive this newsletter, you can do so here.

While both former President Donald Trump and successor Joe Biden framed the tariff hikes they implemented on Chinese goods over the past several years as measures to protect Americans from unfair competition, a new question of fairness has emerged.