Vape makers in the US, whose industry is on its way to being worth $5.5 billion, are worried the Trump administration’s proposed Chinese import tariffs will crush their business. That’s because an estimated 91% of vaping devices in the US are imported from China.
On Tuesday, vape companies and trade associations argued against the tariffs during a public hearing at the Office of the United States Trade Representative.
“The imposition of the proposed tariffs would simply eliminate a growing and job-producing market for vapor products, dismantling the growing import, distribution, and retail network that has been created in the last few years in the US and has generated tens of thousands of jobs, and tens of millions of dollars of taxes for the national and state economies,” Brittani Cushman, vice president of external affairs for the vapor company Turning Point Brands, said during hearings Tuesday.
The Trump administration proposed a 25% tax on imported vaping devices in July as part of a new round of tariffs targeting $16 billion in Chinese imports. Trump’s first round of tariffs was aimed at high-tech and industrial products and went into effect earlier this month. The tariffs are all part of an attempt to retaliate against China for allegedly stealing intellectual…