China And The United States Agree To Temporary Truce

Monday, December 10, 2018 1:34 PM | Cassondra Franze (Administrator)

The U.S. has announced an agreement with China concerning the ongoing conflict over trade between the two nations. The agreement entails both countries committing to a delay of any new tariffs for a 90-day period beginning December 1, 2018. The U.S. has imposed three lists of tariffs on Chinese imports under the Section 301 investigation conducted by the United States Trade Representative (USTR) this year, amounting to a total of $250 billion in Chinese imports being subject to increased tariffs. The latest list published by the USTR affects several products that are popular in the promotional products industry including hats, bags and a variety of other categories. PPAI has enlisted the help of an experienced trade counsel to explain the Section 301 tariffs. The finished product provides a plain language guide about the items on the tariff list that are prevalent in the industry. The trade attorney who prepared the list also delivered a webinar for PPAI members that outlines the history of the Section 301 investigation, provides updates on the ongoing negotiations between the U.S. and China and offers mitigation options for managing the impact of the tariffs.

Promotional Products Association Southwest (PPAS) is a 501(c)6 non-profit organization.

2686 Briar Trail • McKinney, TX 75069

Powered by Wild Apricot Membership Software