President Trump has pronounced himself ready to extend duties on Chinese exports to all products, not just the $250 billion currently subject to – or being investigated for – tariffs of 10% to 25%. Extending duties would cover 2,757 product lines (HS-8) worth $261 billion in the 12 months to May 31. By number that’s led by apparel and footwear at 31% of products and $49 billion of value, though electrical and electronics products lead by value at $138 billion. The important issue is the level of duties that will be set. Many companies have indicated that duties rates of 10% are being pas...
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