FurnitureCore
Search Twitter Facebook Digital HFBusiness Magazine Pinterest Google
Advertisement
Ad_HFB_40_Under_40

Get the latest industry scoop

Subscribe
rss

Daily News

From Home Furnishing Business

25% Tariff Hike Expected for Friday

In a notice posted by the Federal Register, the Office of the U.S. Trade Representative has confirmed that tariffs on $200 billion worth of imports from China will increase from 10% to 25% this Friday, May 10, according to a report from Retail Dive.

"In the most recent negotiations, China has chosen to retreat from specific commitments agreed to in earlier rounds. In light of the lack of progress in discussions with China, the President has directed the Trade Representative to increase the rate of additional duty to 25 percent," the document stated.

An additional notice, outlining an exclusion process, is expected from the Office of the U.S. Trade Representative.

For the full report, click here.







b i u quote


CAPTCHA image
Enter the code shown above in the box below.
Save Comment

Showing 0 Comment

Tupelo
EMP
HFB Got News
CoreVid
LinkedIn
Got News