25 % duty rate ex China to the USA – latest update

It seems there has been a ceasefire from the USA side on escalating the duty surcharge from China to 25% from 1 January 2019.

The idea, as announced at the Argentine G20 summit over the weekend is that this will allow talks to proceed between President Xi of China and president Trump.

The US are stating that China will agree to purchase a very substantial amount of agriculture, energy, industrial and other products from the USA.

Donald Trump is a tough negotiator and it is a safe bet he will hold the Chinese government to this promise and in fact he has imposed a 90 day deadline so this sweeping change may be hard to implement in the timescale given.

 

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