Leather benefits from US-China de-escalation
17/12/2019
According to the US Hide Skin and Leather Association, said new tariffs on around $150 billion worth of imports from China, including a wide range of leather products, would have come into effect on December 15, but that that agreement on a phase-one trade agreement at the eleventh hour averted this.
It also said that a plan to impose retaliatory tariffs that China withdrew at the same time would have affected exports of US hides.
USHSLA said negotiators from the two countries are still finalising the details of the agreement, which is likely to be signed in early January.
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