INTERNATIONAL REGULATORY ROUND UP – CHINA PLANS TO HIT AMERICAN CONFECTIONERS WITH TARIFFS
September 1st, 2018
THE CHINESE government has directly targeted the American confectionery and related ingredients sector in its latest tit-for-tat response in the trade wars launched by US President Donald Trump. Beijing has highlighted these goods as products that may become 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%. If ...
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