CHINESE CIGARETTE EXPORTERS TO SUFFER FROM TARIFFS IN LATEST ROUND OF USA-CHINA TRADE WAR
September 1st, 2018
THE CHINESE cigarette manufacturing sector will be counting the cost of new duties imposed on its exports to the USA in the latest tit-for-tat tariff round imposed during the ongoing trade war between Beijing and Washington.
This follows the US Trade Representative (USTR) on September 18 confirming that America will be imposing additional 10% tariffs on a wide range of tobacco products, including leaf, from China. These duties will be imposed from September 24, rising to 25% on January 1 (2019).
While Chinese leaf exports to the USA are relatively small, ...
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