AMERICAN AND CHINESE AUTO PARTS MANUFACTURERS HIT IN LATEST TRADE WAR TARIFF EXCHANGE
September 1st, 2018
AMERICAN and Chinese automotive parts exporters could both suffer from the latest tit-for-tat round of protective duties imposed by their governments.
China exporters may have the most to lose if the US tariffs deter American purchases. The US Trade Representative (USTR) confirmed on September 18 that the US America will be imposing 10% tariffs on a wide range of products, also including personal care exports, from China. These duties will be imposed from September 24, rising to 25% on January 1 (2019), unless - of course - the US and China settle their trade ...
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