After months of negotiation, the US and China have announced that they have come to an agreement on trade. The US will cut the current taxes on $120 billion of Chinese goods from 15% down to 7.5% and has decided to not move forward with adding tariffs to the rest of the $160 billion Chinese goods. This will take effect on December 15, 2019. A 25% tariff rate will continue to stay in place on approximately $250 billion worth of US goods. In return, China has agreed to increase its purchases of US goods and services along with around $40-50 billion in agriculture products.
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.