CHINA PUTS KNITWEAR INTO RETALIATORY DUTY FRAME AS TRUMP TRADE WAR INTENSIFIES
September 1st, 2018
THE CHINESE government has directly targeted the American knitwear sector in the latest tit-for-tat response in the trade wars launched by US President Donald Trump. Beijing has highlighted knitted goods in a list of products that maybe subject to retaliatory tariffs, should the USA impose a threatened third list of duties on Chinese tech, drafted over alleged thefts of American IP. The US Trade Representative (USTR) said last month (August) it was consulting on plans to increase existing 10% duties on Chinese tech exports to 25%. In response, Beijing it would ...
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