Per last week’s announcement, the White House has raised existing tariffs on $200B worth of Chinese imports from 10% to 25% and is now threatening new tariffs of up to 25% on an additional $300B worth of Chinese imports as part of its ongoing trade war with China. The latest list targets a wide variety of goods, including apparel, accessories, food and beverage products, and livestock.
President Trump seems
optimistic about reaching an agreement with Chinese President Xi Jinping and downplays the conflict
as a “little squabble…because we’ve been treated very unfairly for many,
many decades.” The proposed changes will likely take effect in late
June or July unless a trade agreement can be reached before
should begin preparing to either pay the newly raised tariffs or
acquire their goods elsewhere.
Talk to our team
learn how ETC can help you plan for the increased costs your business will incur due to the new tariffs and how to protect your
business during these uncertain times.
Due to delays in establishing a trade deal between the US and China, the President unofficially announced plans to raise the trade remedy tariff from 10% to 25% effective Friday. This will seemingly apply to all List III goods. The President also suggested a possible extension of the trade remedy tariffs to all imports from China.
Although an official notice has not been published yet, it is wise to prepare for the tariff increase as of May 10 if you import any included goods from China.
Express Trade Capital has been a proud member of the Plant Based Foods Association since last year. We at ETC take our responsibility to the planet very seriously and are proud to support businesses and organizations that share our passion for eco-friendly products and practices.
ETC Managing Director Mark Bienstock was featured in California Apparel News last week in their discussion of the slowing economy and how apparel companies can manage it. Click here to read the full article!
ETC Managing Director Mark Bienstock is featured in the latest issue of The Secured Lender as part of a discussion on modern developments and competition in receivables financing. Click here to learn about the latest developments and what the future holds for the factoring industry!
We are proud to announce that photos from our annual holiday party are featured in this month’s issue of Fashion Mannuscript on pages 14-15! We are thrilled that the event was such a success and grateful to all of our clients and colleagues who helped make it a wonderful evening.
Business owners who rely on China’s abundant manufacturing facilities and low production costs may be in for a massive challenge. The ongoing trade war the US government has waged with China may not end by March, meaning more potential tariffs that could disrupt the global economy.
ETC’s own Mark Bienstock and other industry experts spoke to California Apparel News this week about strategies to protect yourself and your business from the effects of this ongoing international conflict.