Yesterday, February 24, in a series of Twitter posts, Trump made the announcement the United States is planning to delay additional China tariffs originally scheduled to start on March 1st.
“China has been terrific. We want to make a deal that’s great for both countries and that’s really what we’re going to be doing,” the president told U.S. governors while speaking at a White House event.
Additional tariffs implemented last year have not gone away and the U.S. trade deficit with China is expected to have grown to more than $400 billion.
If you are among the ones affected by 2018 rounds of tariffs, these are a couple of resources that may help you:
[Webinar] Talking Tariffs: 7 Strategies to Mitigate Costs?
A valuable webinar with our supply chain consultant, John Stewart, and our CEO, Les Brand, explaining the trade war, retaliations, and the "new" NAFTA. Download it here.
[E-book] Taking Tariffs: 7 Strategies to Mitigate Costs?
A complete e-book developed to assist supply chain and logistics professional learn how they can better manage the outcomes of the trade war (with actionable items!). Download it here.
[E-book] Sourcing: A Guide for Tariff Impact?
Sourcing has become a strong strategy to fight the trade war, but it's not a simple one and you have to make sure you are being compliant and following the law. Download it here.
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If you have any questions regarding the trade war and tariffs, email us here.