Many of Ivanka Trump's handbags are made in China and will likely face the new 10 percent tariffs if taxed like other leather bags subject to the new trade penalties. Goldman Sachs analysts expected the Trump administration would target two-thirds of China's apparel imports, about $24 billion, with the tariffs. A spokesperson for Ivanka Trump said: “The Ivanka Trump brand is held to the same standards as other companies in their category.” The $200 billion in China tariffs pr
The US has announced a trade war on China. Should those in Europe or the rest of the world care? The answer is a deciding yes. For luxury companies, who have a global supply chain that is widely spread across international markets, any barriers to the movement of goods could be detrimental. On a consumer level, think about the jeans and t-shirts you are wearing. The cost of these good are likely to go up. Your mobile phone, accessories like umbrellas and small leather goods,
China has said it will not "fire the first shot", but its agency said on Thursday that Chinese tariffs on U.S. goods will take effect immediately after Washington's tariffs on Chinese goods kick in. BEIJING (Reuters) -- The United States is "opening fire" on the world with its threatened tariffs, the Chinese government warned on Thursday, saying Beijing will respond the instant U.S. measures go into effect as the two locked horns in a bitter trade war. The Trump administratio
Jeans giant Levi Strauss & Co has raised concerns over the impact on US jobs, the supply chain, and the cost to the consumer from the tit-fot-tat tariff spat between the US and EU. The European Commission plans to implement higher duties on US products, including clothing, from 22 July, in response to punitive tariffs from the Trump administration on imports of steel and aluminium. Separately, the US is considering tariffs on an additional $200bn of Chinese goods on top of an
President Trump is threatening tariffs on an additional $200 billion in Chinese goods The US has escalated its trade threats to China after President Trump said he is considering tariffs on an additional $200bn of Chinese goods if China "refuses to change its practices." The Office of the United States Trade Representative (USTR) yesterday (18 June) said it has been tasked with identifying the Chinese products on which the additional 10% tariffs would apply, in a move that do
US President Donald Trump on June 15 announced tariffs of 25 per cent on $50 billion worth imports from China that contain industrially significant technologies. This includes goods related to China’s ‘Made in China 2025’ strategic plan to dominate the emerging high-technology industries that will boost China’s growth, but hurt the United States, Trump said.
China immediately responded, saying it has imposed ‘equal’ tariffs on US products. "We will immediately launch tax m
Effective July 1, 2018, the Government of China will reduce average tariff rate for clothing, shoes and hats, kitchenware, and sports and fitness supplies from 15.9 per cent to 7.1 per cent. Indicating further cut in future, Premier Li Keqiang said at an executive meeting of the State Council, “China’s door will only open wider and wider.” The progress that China has made over the past 40 years shows that continuous opening-up has boosted reform and development, which must be