US says it will move ahead with new tariffs on Chine - leatherbiz: Lea Leatherbiz

News

US says it will move ahead with new tariffs on Chinese imports

29/05/2018
The Trump administration has announced that it will go ahead with plans to impose 25% tariffs on imports from China. The US Hide, Skin and Leather Association (USHSLA) has said the list of targeted goods will become public on June 15. Announcements earlier in the year led to statements from China about retaliatory measures that would affect meat imports from the US if they go ahead.

In recent weeks, the tone had been more reconciliatory, but the US government’s latest decision suggests the two sides have been unable to come to an agreement.

Early indications are that the US will focus on imports from China that contain “industrially significant technology”, including those products related to the ‘Made in China 2025’ programme, a 10-year initiative to upgrade production capacity in China and move the country’s manufacturing sector towards Industry 4.0.

Related stories:

US President threatens 20% tariff on EU vehicles 25/06/2018

Leatherbiz.com cannot be held responsible for content if the language setting is changed from English.

The translations provided by Google Translate are automated and therefore might not be accurate and may contain incorrect, offensive or misleading language. We offer this facility as a guide only.