US puts 10% import tariffs on all Chinese tyres

18th September 2018 | 0 Comments
 
US puts 10% import tariffs on all Chinese tyres

The Trump administration upped the ante once again in the ongoing trade war between the USA and China on 18 September with the introduction of tariffs on all US$200 billion of imports including basically all categories of tyres, retreads and inner tubes. At President Trump’s direction the additional tariffs will initially be set at 10 per cent and will take effect on 24 September 2018. However, as of 1 January 2019, the level of additional tariffs will increase to 25 per cent.

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Category: Company News, International News, Legislation

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