When Trump recently slapped high tariffs on trade items, such as electronics, aerospace materials and machinery, he conveniently left one industry out: clothing manufacturing companies. But this isn’t an oversight of any kind. It’s a favor to his daughter and senior adviser, Ivanka Trump.
Ivanka’s clothing line hasn’t been doing well since Trump started his campaign, but she still makes about $1.5 million annually from it.
This isn’t the first time that the ethics of Ivanka’s clothing line has come into question though. There was that time that Kellyanne Conway promoted her business on the air.
But the clearest ethical issue her brand has faced came early in the Trump presidency. Ivanka and her husband Jared Kushner, also a Trump adviser, had dinner with Chinese President Xi Jinping, and later that day, China approved three new trademarks for Ivanka’s company.
Now those trademarks are exempt from tariffs.
U.S. officials claim that they used a technical algorithm when choosing which products and industries to place tariffs on, and that they were going for “the lowest consumer impact” possible.
But this isn’t going to be possible, especially since China announced that they would set their own tariffs against the U.S. “As the Chinese saying goes, it is only polite to reciprocate. The Chinese side will resort to the WTO dispute settlement mechanism and take corresponding measures of equal scale and strength against U.S. products in accordance with Chinese law,” the Chinese embassy said in a statement.
And now, Trump wants to add another $50 billion in tariffs to the first round of $50 billion. But if you want that straight-to-TJ Maxx clothing that Ivanka sells, those won’t prices won’t change. Of course, there’s no promise that even TJ Maxx will sell them anymore, considering they don’t even want to promote her stuff.
Source: Truth Examiner