It seems that a trade war that has lasted for nearly two years may be finally coming to an end. It has been one week since the Phase One trade deal was signed at the White House by President Donald Trump and Chinese Vice Premier Liu He. The agreement was meant to reduce tensions after... Read more »
Last September the Trump Administration enacted a 10% tariff on more than $200 billion worth of Chinese goods. Over the past weekend, President Trump announced via Twitter that the tariffs will be increased from 10% to 25% effective May 10, 2019. The increase had initially been slated to go into effect on January 1st, 2019... Read more »
On March 4th, the U.S. Trade office under the direction of President Trump, announced that it will be terminating the GSP (Generalized System of Preference) duty-free eligibility for India and Turkey. The GSP program is intended to help developing nations grow their economy through trade. The announcement cited the reason for termination as being that... Read more »
President Trump again delayed a 10 to 25 percent increase on Section 301 tariffs that was scheduled to go into effect on March 1st. This came with the announcement that President Trump will be meeting with Chinese President Xi Jingping in late March to continue negotiations. The reaction to this news has been mostly positive,... Read more »
The Trump Administration announced Monday, September 17th it will enact tariffs on more than $200 billion worth of Chinese goods. The U.S. tariffs start at a rate of 10%, before rising to 25% at the end of the year unless a resolution is reached between the U.S. and China. On Tuesday, China had already announced... Read more »
As the trade war between China and the United States escalates, the latest list of tariffs imposed on Chinese imports is sure to shake up the chemical industry and those who depend on chemical raw materials in their manufacturing. The latest list contains many chemicals, chemical intermediates, and pharmaceutical precursors which will be subject to... Read more »
With all the uncertainty surrounding the current US trading relationship with China, it is a good time to review where we are with the proposed US and Chinese tariffs. The proposed US tariffs listed approximately 1,300 separate tariff lines which still have a long process of reviews and public hearings before the Office of US... Read more »
