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USA-China trade war cease-fire

Toronto, July3, 2019

In a sideline meeting at the G-20 summit in Osaka, Japan this past weekend, U.S. President Donald Trump and Chinese President Xi Jinping agreed to resume trade talks that had broken down inMay.

Trump and Xi have reached a temporary agreement that the U.S. will not put additional tariffs on another $300billion worth of goods pending quality trade negotiations. It is anticipated that Trump will provide a six month deadline to reach an agreement, which would not see the additional tariffs being imposed until the end of theyear.

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.

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