The U.S.-China phase 1 trade deal may be at risk of failing as a result of deteriorating relations linked to the coronavirus pandemic as well as a shortfall in Chinese purchases from the U.S. That could lead to an increase in tariffs. U.S. imports from China subject to tariffs continued to slide in March. Imports of mostly industrial products subject to 25% duties under the section 301 lists 1 to 3 process dropped by 39.6% year over year in March while the mostly consumer-goods in list 4A dropped by 47.1%. The latter’s likely due in part to COVID-19 related disruptions to Chinese supply ...
Supply Chain Research
Copyright © 2024 Panjiva Supply Chain Intelligence, a product offering from S&P Global Market Intelligence Inc. All rights reserved.