$1.1T in U.S. imports affected by new 301 tariff, Erica York notes

$1.1T in U.S. imports affected by new 301 tariff, Erica York notes
New 301 tariff hits $1.1T U.S. imports

Erica York explains that the new Section 301 trade action involves trading partners responsible for 99% of U.S. imports, but clarifies that the measure will not impact this entire amount.

She adds that exemptions similar to those under the previous Section 122 tariff will apply, resulting in about $1.1 trillion in imports being affected by the new Section 301 tariff.

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