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The $200 Billion Nuclear Option Is (Nearly) Ready – FAANGs and Consumers Start to Pay

China 2527 Cons. Discr. - Autos 918 Cons. Discr. - Durables 301 Industrials - Capital Goods 439 Info Tech - Comms Equip 163 Info Tech - Tech Hardware 589 Materials - Chemicals 160 Tariffs 1613 U.S. 4472

The USTR has detailed 10% duties that will be applied to 6,031 Chinese products with imports worth around $200 billion in the past 12 months. The new list of products, due for consultation through end-August, is dominated by chemicals (1,051 lines), textiles (935) and food (925). By value though electronics ($50 billion of imports from China the 12 months to May 31), capital equipment ($42 billion) and furniture ($30 billion) are the major categories. As expected the IT industry is a major focus including network equipment ($23 billion) and PC components ($17 billion) which will likely c...

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