South Korean media: US imposing a 145% tariff on China may cause distributors and consumers to suffer terribly

South Korean media: 145% tariff is self - inflicted pain, "even the MAGA hat worn by Trump is made in China!" On April 12, the Seoul Economic Daily, a South Korean media outlet, published an article stating that as the US raised tariffs on Chinese goods to 145%, there was growing concern that this would exacerbate the suffering of American distributors and consumers. The "Make America Great Again (MAGA)" hat worn by President Trump is also made in China, and some people criticize that "America has become addicted to low - cost Chinese imports." It is reported that about 70% of products sold on Amazon come from China. Analysis suggests that due to China's well - developed manufacturing infrastructure and low costs, the real damage of the tariff policy will inevitably fall on American distributors, small and medium - sized sellers, and consumers. Amazon is the largest distribution platform in the US, accounting for more than 40% of the online retail market share in the United States. Most registered sellers are Americans who frequently import and sell products made in China. Jay Foreman, CEO of toy manufacturer Basic Fun, said: "China has been engaged in toy manufacturing for over 30 years. Not only has China invested heavily in labor, but it has also invested in the infrastructure of the toy manufacturing supply chain." Others pointed out that due to climate issues, some products, including tea, are difficult to grow in the US. Since most sellers are small and medium - sized sellers, it is difficult to relocate manufacturing factories to the US as required by President Trump. Dusty Kenny of PrimaStella brand said, "If manufactured in the US, the cost will increase two to three times," and added, "We want to manufacture in the US, but we lack infrastructure. Due to our competition with Chinese sellers, we plan to temporarily maintain prices and bear the tariffs, but if this continues, we will have to shut down our business." Another interpretation suggests that the three - digit tariffs imposed by the Trump administration are actually a "ban". Jim Cramer of CNBC said, "Most companies cannot afford such a significant price increase. We have become addicted to low - cost Chinese imports, but we are not prepared yet." He continued, "This will cause great chaos and inflation. Without China, we can still survive, but the US will become an expensive country with high unemployment rates and dependent on other countries outside of China." In addition, the "MAGA" hat worn by President Trump is also made in China. It is reported that most "Trump - related merchandise" is produced in Yiwu City, Zhejiang Province, China, and the MAGA hat is a popular product with sales exceeding 10,000 pieces. < img src = "//p3-sign.toutiaoimg.com/tos-cn-i-ezhpy3drpa/c6ac4537cc7e4c4a933c0c3630634315~tplv-obj:1920:1080.image?_iz=97245&bid=15&from=post&gid=1829198294376715&lk3s=06827d14&x-expires=1752192000&x-signature=Vyq%2Bvbrb3be%2F0XoN9mhFDQnEdS0%3D"/ > Source: https://www.toutiao.com/article/1829198294376715/ Disclaimer: The article solely represents the author's personal views.