Daily Digital Magazine: Pg. 2 — May 8, 2019

USTR says China tariff increase to take effect Friday

The agency on Wednesday officially announced that tariffs across $200 billion worth of goods will increase to 25 percent on Friday.

   The Office of the U.S. Trade Representative announced on Wednesday that 10 percent tariffs across $200 billion worth of goods from China in yearly import value will rise to 25 percent at 12:01 a.m. Friday.
   The announcement was made after President Donald Trump on Sunday tweeted about the increase.

USTR says China tariff increase to take effect Friday

The agency on Wednesday officially announced that tariffs across $200 billion worth of goods will increase to 25 percent on Friday.

USTR says China tariff increase to take effect Friday

The agency on Wednesday officially announced that tariffs across $200 billion worth of goods will increase to 25 percent on Friday.

 
Continued from previous page
   The Office of the U.S. Trade Representative announced on Wednesday that 10 percent tariffs across $200 billion worth of goods from China in yearly import value will rise to 25 percent at 12:01 a.m. Friday.
   The announcement was made after President Donald Trump on Sunday tweeted about the increase.
   USTR also will establish a process by which interested parties can request particular products within a Harmonized Tariff Schedule (HTS) subheading be excluded from the $200 billion tranche, the agency said.
   U.S. Trade Representative Robert Lighthizer told major national news outlets during a press briefing Monday that the tariff increase was brought about by China’s recent reneging on promises it made earlier during trade talks with the U.S.
   USTR imposed the 10 percent duties in September in connection with its completed Section 301 investigation that detailed unfair commercial practices by China.
   People with questions about customs classification or implementation of additional duties on products covered in the tranche should contact traderemedy@cbp.dhs.gov, USTR said.

We are seeing many more pricing requests for Southeast Asia and the Indian subcontinent. Few actually moved their supply chains outside of China because this will take time, especially for larger shippers. However, Taiwan and South Korea are in a unique situation: Some manufacturing had shifted to mainland China in the last decade due to lower costs, but that infrastructure is still in Taiwan and South Korea. Some manufacturing may temporarily shift back there until Southeast Asia infrastructure catches up. 

The Port of Zeebrugge is called by 12 liner services that also sail to regions outside North Europe, according to BlueWater Reporting’s Port Dashboard tool.

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USTR says China tariff increase to take effect Friday

The agency on Wednesday officially announced that tariffs across $200 billion worth of goods will increase to 25 percent on Friday.

May 08, 2019 on Dec 27, 2018AmericanShipper.com

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USTR says China tariff increase to take effect Friday

The agency on Wednesday officially announced that tariffs across $200 billion worth of goods will increase to 25 percent on Friday.

May 08, 2019 on Dec 27, 2018AmericanShipper.com