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Analysts expected oil to surge above $200 but China has quietly kept prices half of that—and can’t for much longer

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Corporate America has been draining the world's water. Matt Damon's new campaign calls on Gap, Starbucks, and Amazon to help give it back

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1

Analysts expected oil to surge above $200 but China has quietly kept prices half of that—and can’t for much longer

2

Corporate America has been draining the world's water. Matt Damon's new campaign calls on Gap, Starbucks, and Amazon to help give it back

3

Marc Lore’s robots make 500 burrito bowls an hour. A human can make 45
Ivanka Trump

Donald Trump’s China Tariffs Don’t Apply to Ivanka

By
McKenna Moore
McKenna Moore
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By
McKenna Moore
McKenna Moore
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July 9, 2018, 2:14 PM ET

Despite her father’s rallying cry to “buy American and hire American,” 100% of Ivanka Trump’s fashion products were made overseas—at least until early 2017.

And now her goods are avoiding the sweeping tariffs enacted by President Trump in his trade war with China. On Friday morning, Trump implemented $34 billion in tariffs on Chinese goods ranging from auto parts to medical devices, according to the Huffington Post.

Clothing and shoes, like those imported by Ivanka Trump’s company, were spared.

The Office of the United States Trade Representative explained that the goods to be levied with tariffs were chosen based on what would disrupt the U.S. economy the least and have the least impact on consumers. Snopes, the fact checking website, pointed out that imposing tariffs would have a large impact on American consumers because 35% of all apparel imported in 2016 came from China. And 72% of shoes sold in the U.S. are from China, according to the South China Morning Post, citing the American Apparel and Footwear Association.

Many others in the U.S. are already feeling the effects of the tariffs. Soybeans, which represent a huge slice of American agricultural exports, are being targeted as well as cigarettes and dairy products, among other products.

More must-read stories from Fortune:

—Why 2020 Democratic presidential candidates are flocking to Fox News

—Meet the 2020 Democratic presidential candidates you’ve (probably) never heard of

—These are the U.S. goods affected by the China tariffs

—How to invest during a trade war

—Get up to speed on your morning commute with Fortune’s CEO Daily newsletter

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