Rates Matter More Than Targets For Trump’s All-In China Commitment — Panjiva


Rates Matter More Than Targets For Trump’s All-In China Commitment

China 1760 Cons. Discr. - Apparel 214 Cons. Discr. - Retailing 156 Info Tech - Comms Equip 118 Info Tech - Tech Hardware 378 Tariffs 1170 U.S. 3301

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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