Tariffs on Chinese Vapor Products
Juul Labs applauds President Trump for ending de minimis tariff exemptions, which allowed illegal Chinese vapor products to dominate the American vaping market.
Key Points
- De minimis tariff exemptions closed by President Trump
- Juul Labs commends the closure of the loophole
- Illegal Chinese vapor products account for 70% of the American vaping market
Pros
- Increased enforcement of trade laws
- Protection of American citizens
- Stopping the flow of illegal Chinese vapor products
Cons
- Potential increase in prices for consumers
- Possible retaliation from other countries