USTR to Postpone Tariff Increase on Chinese Imports
The USTR announced this week that the tariff increase on $200 billion of Chinese imports will be pushed to March 2, 2019. This 25% duty increase was due to take place on January 1st of the new year, but because the U.S. is still actively negotiating with China, it will now be delayed. President Trump and Chinese President Xi Jinping are attempting to reach an agreement, but if they are unable to do so by March 1st, the tariff will rise from its current 10% to 25%.
For more information, click here.