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I am not a lawyer but isn't this expressly forbidden by the Constitution in Article I, Section 9, Clause 5?

> No Tax or Duty shall be laid on Articles exported from any State.

Last I checked China is not a US state.
It's a revenue tax on items exported from Taiwan to China by a US company. I don't think it counts as a US export at that point. Ignoring that it's illegal for the president to impose taxes at all.
Sounds like a kickback