Toronto, May6, 2019
U.S. President Donald Trump is threatening to raise U.S. tariffs on China imports, effective Friday May10. That means China imports currently assessed a 10% tariff would increase to25%. Trump is also threatening to apply a 25%tariff on a widened range of Chinese products with a total value of $325billion. China is now considering cancelling trade talks which were set to resume Wednesday in Washington D.C.. Updates will be issued as the situation evolves.
For more information, please call Brian Rowe, Director – Customs Compliance & Regulatory Affairs at (905) 882-4880, ext. 213.