Tariffs
China slaps tariffs of up to 212% on Australian wine imports
Chinese regulators announced Friday that they would impose heavy tariffs on Australian wines after finding preliminary evidence of dumping. Starting Saturday, China will begin slapping duties of between 107.1% and 212.1% on Australian wine imports, the Ministry of Commerce said in a statement. The move places yet another hurdle in front of Australian businesses as …
Brexit – UK minister: My answer on breaking the law was correct
LONDON, Sept 16 (Reuters) – Britain’s minister for Northern Ireland said on Wednesday his answer last week in parliament saying that the government’s plans broke international law was accurate. Asked on Tuesday if anything in the proposed legislation did breach or potentially breached international legal obligations or arrangements, Northern Ireland minister Brandon Lewis said: “Yes, …
Florida Lobster Got a Break on China Tariffs. Then Came Coronavirus.
MARATHON, Fla. — Like other commercial fishermen along the east and west coasts, Ethan Wallace had been waiting 18 months for China — the world’s largest importer of live lobster — to lift its crushing retaliatory tariffs on American seafood that had whittled down his profits. This week, that moment came: Beijing started allowing Chinese …
Boeing will give up its major Washington state tax break to avoid European tariffs
Washington state legislators Sen. Marko Liias and Rep. Pat Sullivan today introduced companion bills in the Senate and House that will remove the main aerospace tax break introduced into law 16 years ago to benefit Boeing. The dramatic shift in direction will help resolve — to Boeing’s advantage — an international trade dispute at the World …
China tariffs on $75 billion worth of US goods slashed, as coronavirus outbreak escalates
The move comes as China is grappling with the escalating coronavirus outbreak. The disease has killed 565 people, mostly in China, and infected more than 28,000 people in over 25 countries and territories. Starting next week, US goods that have a tariff rate of 10% will be reduced to 5%, and products that have a …
China to Cut Tariffs on Range of Goods Amid Push for Trade Deal
BEIJING—China will cut import tariffs for frozen pork, pharmaceuticals and some high-tech components starting from Jan. 1, a move that comes as Beijing and Washington are trying to complete a phase-one trade deal. The plan, approved by China’s cabinet, will lower tariffs for all trading partners on more than 859 types of products to below …
Tariffs, Technology Top of Mind for Supply Chain Leaders
Supply chain leaders have a lot on their plate these days. A recent survey, “2109 Cognitive Sourcing Study”, released by LavaData, a company that delivers applied AI, asked more than 200 senior procurement and supply chain leaders at global manufacturing firms about a variety of issues including technologies and tariffs. In the tariff department, 89%, …
In swipe at Trump, China tells U.N. tariffs could plunge world into recession
UNITED NATIONS (Reuters) – The Chinese government’s top diplomat said on Friday that tariffs and trade disputes could plunge the world into recession and Beijing was committed to resolving them in a “calm, rational and cooperative manner.” Chinese Foreign Minister Wang Yi addresses the 74th session of the United Nations General Assembly at U.N. headquarters …
China waives tariffs on some US goods for the first time since the trade war began
The Chinese government issued tariff exemptions on 16 products, including shrimp, fish meal and cancer treatment drugs. Chinese importers can apply for a refund of tariffs already levied on 12 of the products. Four products, including whey, are eligible for the exemption but not for refunds. The exemptions will start September 17 and last for …
Beijing takes cautious steps with new tariffs
A cargo ship holds shipping containers as other containers sit at the Port of Los Angeles, the nation’s busiest container port, in September 2018. Mario Tama | Getty Images News | Getty Images BEIJING — China is moving slowly in the implementation of retaliatory tariffs as trade tensions with the U.S. escalate. The Chinese government …
