The planned increase in tariffs on Chinese imports this week has been shelved in an initial agreement reached by the U.S. and China. The Administration said it would forego the tariff hike from 25% to 30% scheduled to go into effect today (October 15) on $250 billion worth of annual imports. In exchange, the Chinese...Full Post
An additional increase in tariffs on $250B of goods imported from China has been delayed by two weeks, from October 1 to October 15. President Trump announced the move as a goodwill gesture ahead of planned trade talks with Chinese officials in Washington next month. The tariffs scheduled to increase from 25% to 30% were...Full Post
The Trump Administration announced today that some Chinese imported goods slated to face a new round of tariffs on September 1 will now be exempted until at least mid-December. The office of the U.S. Trade Representative said Tuesday that it will instead delay the new tariffs on many major categories of items, including smartphones, laptop...Full Post
The new round of tariffs announced by President Trump last week is expected to affect nearly all of the $540 billion in goods currently imported from China. Consumer products that had been spared in previous rounds — including smartphones, apparel, toys and video games — will now be subject to tariffs, beginning September 1. What...Full Post
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