US/China Talking Before Duty Deadline
On March 2nd 2019, tariffs across $200 billion worth of goods from China to the US are set to rise from 10% to 25%, unless a deal can be reached between the countries.
According to President Donald Trump, there is a possibility that the US will extend the March 2nd deadline if the US and China are close to reaching an agreement.
Currently, the US is collecting 25% on $50 billion of Chinese products and 10% on a further $200 billion. The 10% rates were due to rise to 25% on 1st January 2019, but Trump agreed with Chinese President Xi Jinping to postpone the date.
This week a Chinese trade delegation will visit Washington to continue talks with the US, although Trump insists he will be meeting the Chinese president afterwards to finalise further deals ‘one to one’.
UniOcean Lines are operating numerous vessel loops from China, including our Trans Pacific, Northern Europe, Australasia and Inter Asian services.
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