Tensions between the U.S. and China have increased due in part to disagreements regarding the coronavirus pandemic. President Trump has stated that potential U.S. economic sanctions against China could include tariffs. There are three broad options with regards to tariffs relating to section 301 duties, the foundation of the trade war between the U.S. and China: roll back recent tariff cuts; increase existing tariff rates and; widen coverage to include products not yet covered. The latter, known as list 4B products, mostly cover consumer goods including phones, laptops, toys and apparel....